News Articles
Kuehne+Nagel's earnings for the first quarter of 2025 increased by 9% due to strong performance in air and sea logistics.
Kuehne+Nagel reported a 9% rise in earnings to CHF 303 million for Q1 2025, driven by market share gains in air and sea logistics. Net turnover increased 15% to CHF 6.3 billion. CEO Stefan Paul highli
Read MoreAbbott anticipates incurring tariff expenses amounting to "a few hundred million" in 2025.
Abbott reported a Q1 revenue of $10.36 billion, marking a 4% year-over-year increase, with medical device sales reaching $4.9 billion (up 9.9%) and net earnings of $1.33 billion (up 8.2%). CEO Robert
Read MoreTrump's tariffs exacerbate challenges in warehouse automation.
President Trump's tariff measures are causing economic uncertainty, which is slowing capital investments in warehouse automation, according to Interact Analysis. Automation vendors report that custome
Read MoreIndustry executives respond to charges on vessels associated with China.
The U.S. Trade Representative has announced a new fee structure for ships linked to China, effective October 14, with fees ranging from $18 per net ton to $120 per container, increasing annually. This
Read MoreAutomobile associations: US tariff regulations will disrupt the worldwide automotive supply chain.
The largest U.S. automotive groups warn that new tariffs on auto parts could cost billions, disrupt the global supply chain, raise consumer prices, and reduce sales, jeopardizing 10 million jobs and a
Read MoreFreightos Enterprise provides a comprehensive platform for managing freight procurement from start to finish.
Freightos has launched Freightos Enterprise, a logistics procurement suite designed for large importers and exporters. This platform integrates various aspects of freight procurement, offering tools f
Read MoreCargolux reported a revenue of $3.3 billion and a profit after tax of $448 million in 2024.
Cargolux, the Luxembourg-based all-cargo airline, reported strong financial results for the 2024 fiscal year, achieving $3.3 billion in revenue and a profit after tax of $448 million, up from $2.9 bil
Read MoreGlobal air cargo rates are rising slightly, although spot rates have decreased, according to the TAC Index.
Global air freight rates saw a slight increase last week, with the Baltic Air Freight Index rising by 0.9% as of April 21, and up 4% year-on-year. This increase occurred despite falling spot rates, pa
Read MoreQatar Airways and its partners are set to initiate a collaborative business venture.
Qatar Airways Cargo, IAG Cargo, and MASkargo have announced plans to establish a Global Cargo Joint Business, pending regulatory approval, to enhance their air freight services. This collaboration aim
Read MoreMonada.ai connects with the Quote & Book API.
Monada.ai, an AI-driven logistics platform, has integrated with CargoAi’s Quote & Book API to enhance air cargo booking processes for its users. This partnership provides access to real-time airfreigh
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