While reporting record revenue Wednesday (Nov. 2), global shipping giant Maersk nonetheless warned of “dark clouds” facing its industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
A titanic shift in demand momentum has forced shipping companies to brace for a slowdown in what would typically be a busy season for ocean vessels sailing goods to merchants around the world. Get the Full Story Complete the form to unlock this article and...
Companies that ship cargo on the seas are looking for ways to offer customers shipping in the skies, too, CNBC reported Thursday (Sept. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
When IBM Blockchain and Maersk created the TradeLens in 2018, the two companies envisioned a world where competing players in every segment of the shipping industry would lay down their swords and work together to trust the incredibly complex exchange of information needed to make...
Danish freight forwarder DSV A/S is reportedly looking for more business and acquisitions in the U.S., having seen that freight and shipping firms’ earnings and margins are greater in the U.S. than in any other country. Get the Full Story Complete the form to unlock...
With the economy still wrought with troubles, high-priced freight contracts written when carrier capacity was tight and businesses were in a mad rush to restock inventories are falling out of favor, The Wall Street Journal reports. Get the Full Story Complete the form to unlock...
Airfreight digital booking portal WebCargo can now directly process real-time rates and payments for forwarders and airlines, enabling forwarders to pay for bookings on the platform rather than using a separate tool, Air Cargo News reported on Friday (May 27). Get the Full Story Complete...
Supply chain issues have been a hot topic in the media for some time now. Take, for example, the images of ships backed up at the Port of Los Angeles that were widely circulated a few months ago. Get the Full Story Complete the form...
Maersk has chosen payments infrastructure firm Stripe to help “modernize its economic infrastructure,” the Danish shipping and logistics giant said in a news release Thursday (May 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
