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‘Containergeddon’: Supply crisis drives Walmart and rivals to hire their own ships

FILE PHOTO: The congested Port of Los Angeles is shown in San Pedro, California, U.S., September 29, 2021. REUTERS/Mike Blake REUTERS Big U.S. retailers charter vessels amid supply crunchDozens of container ships stuck at U.S. West Coast portsCompanies reliant on Asia supplies face tough holiday seasonShipping operators can cash in on

Picture brightens for commercial EVs on rising demand from delivery customers

A man stands next to a fully-electric test van, due to go into production in 2022, built by electric van and bus maker Arrival Ltd, that has seen a spike in interest due to soaring e-commerce amid the coronavirus disease (COVID-19) pandemic and looming fossil-fuel vehicle bans, in Banbury, Britain,

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

Turkish Cargo adds Mexico City to network

Turkish Cargo is adding Mexico City (MEX) to its freighter flight network – its eighth Latin American destination, and 19th destination in the Americas. Beginning Oct. 3, the carrier will operate twice-weekly 777F flights to Mexico City International Airport (MEX). The first flight connects the carrier’s Istanbul (IST) hub to MEX

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