Kuehne+Nagel saw big profits in 2022
KUEHNE+Nagel saw its net profits increase by 30% over 2022, with all its business groups contributing to the result, according to its financial results for the year, released on...
Wiseway 1H results improve on previous half
ASX-listed freight and logistics operator Wiseway said its first-half results showed a “turnaround” in its Australian business compared with the previous six-month period. Over...
Keel laid for new SeaRoad vessel
TASMANIAN shipping and logistics company SeaRoad will name its new ro-ro vessel SeaRoad I. The announcement coincided with the traditional keel-laying ceremony in Flensburg at the...
Geodis reports profitability increases in 2022
INTERNATIONAL freight forwarding and logistics company Geodis reported big increases in revenues and profits for 2022. The company’s revenues for the years were €13.7 billion, up...
IFCBAA urges Canberra to implement PC reforms
THE INTERNATIONAL Forwarders and Customs Brokers Association of Australia is urging the federal government to urgently implement reforms outlined by the Productivity Commission in...
The DCN Weekly: Episode 36
THE PRIME Minister visited Port Hedland this week to announce a $565-million investment for port upgrades in the Pilbara....
NSW government approves Inland Rail projects
TWO Inland Rail projects approved by the New South Wales government have now been referred to the federal government. The Australian Rail Track Corporation said the NSW government...
K&S reports big increase in 1H profits, warns of clouds on the horizon
ASX-listed logistics firm K&S Corporation announced its underlying profits before tax for the first half of the 2023 financial increased 105.5% (over 1H FY22) to $24.1 million. In...
Silk Logistics’ revenue increases 39%
SILK Logistics’ revenue increased 39% in the first half of the 2023 financial year to $253.6 million. The company said the growth over the first half of the 2022 financial year...
Qube revenue climbs 23%
QUBE has reported strong growth for the first half of the 2023 financial year, but earnings dropped in its Ports & Bulk division. The logistics giant posted an underlying revenue...
WA government launches freight subsidy for flood-affected businesses
THE WESTERN Australian government has introduced a freight subsidy scheme for businesses impacted by recent floods in the Kimberley region. Floods in December and January damaged...
Patrick boosts Port Botany rail capacity
PATRICK Terminals has announced a 30% increase in rail capacity at its Sydney AutoRail Terminal. The container terminal operator has increased the number of train movements at the...
ONE teams up with Sony on smart container technology
OCEAN Network Express has announced plans to introduce smart container technology into its global fleet of containers. The shipping line has partnered with Sony Network...
Maersk divests assets in Russia under exit plan
MAERSK has agreed to divest two logistics sites in Russia as part of its 2022 decision to discontinue its operations in the country. It is selling its facilities in St Petersburg...
Another Townsville stevedore puts in place Aussie tech platform
TOWNSVILLE stevedore TML is implementing Inbound, a web-based truck appointment system which aims to ease congestion caused by unscheduled truck arrivals. Inbound is a digital...
