Panalpina to buy CargoMaster, Laseair
The agreement to buy the South American companies, which export perishables to the U.S., Europe and Asia, extends the Swiss freight forwarder’s perishables network.
2 months ago
Not that long ago, it seemed inconceivable that the good times in [U.S.] trucking would end, but here we are back down to Earth. Growth in manufacturing – the most significant driver of trucking activity – has subsided, and residential construction remains stagnant. However, there are some near-term positives, such as lower diesel prices. Also, carriers are responding to flagging demand by ending their hiring spree.
Drewry’s World Container Index, a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, was down 1.4% to $1,351.15 per 40-foot container as of June 13.