Supply Chain - Logistics

Hapag Lloyd's Sees Nine-Month Net Profit Down 77%, Cuts Outlook

German container shipper Hapag-Lloyd has posted a net profit of €3.2 billion for the first nine months of 2023, down by 77% from a year earlier, and c...

Billa Bulgaria Invests €25.5m In New Warehouse

Billa Bulgaria is building a new warehouse near Stara Zagora, which will cost about BGN 50 million (€25.5 million).

New UK Trade Hub Bolsters Support For Ukrainian Manufacturers

A new trade hub has been set up in the UK to help Ukrainian manufacturers reach the UK market and expand sales by supply chain solutions provider Oakland I...

French Sugar Maker Tereos Sells Factory Site To Fries Maker Agristo

Sugar group Tereos has agreed to sell a factory site in northern France to fries maker Agristo following its announcement in March that it would end sugar...

Maersk Posts Second-Quarter Profits Above Forecast, Adjusts FY Guidance

Shipping group A.P. Møller-Mærsk has reported second-quarter earnings above expectations, and adjusted its profit guidance for the full year u...

Russia Will Return To Black Sea Grain Deal When Its Interests Are Upheld: Kremlin

The Kremlin has restated its position on the Black Sea grain deal, saying it was ready to return to it "immediately" once the part...

Logistics Firm DSV Hikes Profit Guidance After Strong Q2

Denmark's DSV, the world's third-largest freight forwarder, raised its full-year profit guidance earlier this week on the back of stronger-than-expected se...

Kuehne+Nagel's Q2 Operating Profit Halves As Challenging Environment Persists

Swiss logistics group Kuehne+Nagel has reported a 51% drop in second-quarter operating profit, as industry conditions deteriorated due to a challenging eco...