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Panalpina reports Q3 contractions, anticipates further challenges

Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period last year. The company said the air freight segment’s margins have

World’s longest sea bridge opens, connecting Hong Kong, Macau

Yesterday, Chinese President Xi Jinping inaugurated the world’s longest sea bridge to connect Hong Kong, Macau and Zhuhai, stretching across the Pearl River Delta. The opening culminated the US$15.3 billion project has been underway since December 2009. The 34-mile span shortens the travel time between the two regions from 3.5 hours to

California port drivers, warehouse workers strike

Action targets XPO Logistics and NFI Industries operations over a wide area of Southern California.   Drayage truck drivers, warehouse workers and their supporters are participating in protests around the Ports of Los Angeles and Long Beach and other locations in Southern California Monday aimed at ending what they say is exploitation

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