Category: News

Maersk CEO Soren Skou is set to retire, leaving after nearly 40 years with the company and serving as its chief since 2016. Replacing Skou as CEO is Vincent Clerc, who currently is chief executive of Maersk’s ocean and logistics business, according to a company release. Clerk is set to take over Jan. 1. Maersk outgoing […]

Dive Brief: Air cargo rates dropped for the third consecutive month in November as demand slows and shippers flock to an improved ocean landscape, according to a Dec. 7 update from Xeneta’s Clive Data Services. In November, rates on the China-North America trade lane fell more than 40% YoY, Freightos reported last week. Spot rates on the general TransPacific […]

Dive Brief: Costco will slow use of chartered vessels as shipping congestion eases and ocean freight prices plummet, CFO Richard Galanti said on an earnings call last Thursday. The wholesale giant reported a $93 million charge in the third quarter primarily related to downsizing its charter shipping activities. Costco chartered seven ships at the height of pandemic congestion. “Now with a […]

Dive Brief: Walmart’s drone delivery service with DroneUp is now available in Arizona, Florida and Texas, part of a wider plan to offer the same-day delivery option in six states by the end of this year, the retailer announced Thursday. Customers within one mile of participating stores — four in the Phoenix area, seven in the Tampa and Orlando areas and […]

Dive Brief: FedEx Express has expanded the testing of electric carts to five New York City locations as it seeks to boost delivery efficiency in dense urban areas, the carrier announced last week. Company couriers are making deliveries with the four-wheeled BrightDrop Trace e-carts in the city’s Diamond District, Theatre District, Midtown, Midtown East and Brooklyn Heights. […]