SAVANNAH, GA, June 29, 2019 (Press Release) -The Port of Savannah moved a record 4.5 million twenty-foot equivalent container units in the fiscal year that ended June 30, an increase of more than 305,000 TEUs or 7.3 percent.Read more
ARLINGTON, VA, July 24, 2019 (Press Release) -Today, the American Trucking Associations released its latest examination of the driver shortage, finding the industry needed 60,800 more drivers at the end of 2018 to meet the country’s demands for freight services.Read more
In the first half of 2019, the Kuehne + Nagel Group increased net turnover by 5.3%, gross profit by 5.5% and EBIT by 2.0% compared to the previous year's period.
Seafreight and overland continued the growth momentum of the first quarter. In light of the deteriorating market environment, airfreight experienced a decrease in volume. The restructuring in contract logistics proceeded according to plan.Read more
After two absolute record months, April and May, with more than 1 million TEU, Port of Antwerp closed the second quarter with a strong month in June. Result: a record volume on a quarterly basis. The continued growth in the number of containers and the volume of dry bulk in particular compensated for the decline in other, more market-sensitive sectors such as liquid bulk and breakbulk. This was achieved despite the slow-down in European growth and uncertainty in the market. Greater transhipment continues to drive the Antwerp container business upwards.Read more
The plan includes a permanent closure of Kitee sawmill and production increase to Varkaus. The objective is to improve profitability and competitiveness by creating a fully integrated sawmill for spruce production in Varkaus, optimising the synergies from the existing LVL (Laminated Veneer Lumber), pulp and board mills.Read more
The purchase price is approximately SEK 260 million (Euro 24.2 mill) on a debt-free basis. The acquisition comprises 9 600 hectares, of which 8 500 are forest land. The standing timber volume amounts to 900 000 m3.
Earlier this year SCA acquired 10 000 hectares of forest land in Latvia and 10 000 hectares of forest land in Estonia.Read more
The indefinite curtailment at Mackenzie, which is effective immediately, is due to the high cost of fibre, continued poor lumber markets and challenging operating conditions that have combined to make the mill uneconomic under these conditions. The Isle Pierre sawmill will be permanently reduced from two shifts to one shift effective September 20, 2019.Read more