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☆ Davos 2023: DP World predicts 15-20% freight rate drop as demand slows
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +1 min

DAVOS, Switzerland, Jan 16 (Reuters) - DP World expects freight rates to drop by between 15% and 20% in 2023 as demand slows, the Dubai-based global logistics company's deputy chief executive and chief financial officer Yuvraj Narayan told Reuters on Monday. Freight rates are the prices at which cargoes are delivered by container from one point of the globe to another. Supply chain disruptions were persisting as a result of the war in Ukraine and sanctions against Russia, DP World's Narayan said in an interview on the sidelines of the World Economic Forum in the Swiss resort of Davos. DP World, which is a major ports operator, has been talking to the United Nations and Kyiv about providing safe passage for the transportation of grain out of Ukraine, but had yet to get the necessary approvals, Narayan added. Reporting by Maha El Dahan; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Leased Robots Roll in to Help Logistics Firms Handle Holiday Crush
▼ + stars: | 2022-12-06 | by ( Angus Loten | ) www.wsj.com time to read: +5 min

Sally Miller, chief information officer of DHL’s North American supply-chain business, a unit of Deutsche Post AG , said she is planning to deploy “a good number” of temporary robots at several of the company’s retail-focused sites. The Locus Robotics robots—which the manufacturer calls “surge bots”—will be used for picking up orders and fulfillment, Ms. Miller said. Photo: Locus RoboticsKnown as robots-as-a-service, leased robots are employed widely in manufacturing, but are relatively new to the logistics industry, analysts said. The extra robots, provided by Berkeley, Calif.-based Ambi Robotics Inc., helped the company handle a surge of packages, it said. Mr. Faulk, of Locus Robotics, said the company hopes many logistics firms will hold on to their temporary robots well after seasonal highs, as a way to eke out year-round efficiencies.

☆ VCs are abandoning supply chain tech — except for startups that can cut out the human
▼ + stars: | 2022-12-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Venture capital funding of supply chain startups was down 56% year-over-year in the third quarter. Venture funding for supply chain startups in the third quarter fell to $3.3 billion — down 56% year over year and 37% compared to the second quarter, according to Pitchbook. Before the pandemic, supply chain tech startup funding grew by a few billion every year for most of the last decade. Nearly half of the cash invested in supply chain startups went to last-mile companies. A temporary reckoningVenture investment in other types of supply chain startups — like technology for trucking and broader supply chain management — traditionally doesn't reach the heights of delivery startups.

☆ Logistics Companies Are Diversifying Hiring, but Challenges Persist
▼ + stars: | 2022-11-28 | by ( Liz Young | ) www.wsj.com time to read: +8 min

Photo: Sarah Oden/Associated PressWomen and people of color are being hired into top roles in the logistics industry. United Parcel Service Inc. turned to Carol Tomé, a former finance chief at Home Depot Inc., in 2020 to become chief executive officer. Raj Subramaniam, who is from India, was chosen to succeed FedEx Corp. founder Fred Smith as chief executive earlier this year. Judy McReynolds has been chief executive of ArcBest Corp. , one of the largest trucking companies in the U.S., since 2010. Studies also show there is a big gap in pay across the logistics industry.

☆ These midcap stocks are loved by analysts, including one name expected to double
▼ + stars: | 2022-11-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors scrambling to find a home for their money amid this year's market turmoil may want to look at midcap stocks. The S & P Midcap 400 is down 15% year to date, outperforming the large cap S & P 500's 20% drop in that time. Midcap stocks are also outpacing the large- and small-cap names for the quarter. The S & P Midcap 400 index has jumped more than 9% in the fourth quarter, while the S & P 500 and Russell 2000 are up 8% and 5%, respectively. Midcap stocks are typically those with a market cap ranging between $2 billion and $10 billion.

Mr. Skou said the strategy should help insulate Maersk from the boom-and-bust cycles of the container industry. “Our strategy is not to gain market share in ocean,” Mr. Skou said. “When the customers themselves suffer from the effects of economic decline, volume can’t be conjured out of the thin air,” Mr. Skou said. He said the company is trying with its logistics investments “to break away from the cyclicality of the shipping industry and the commoditized nature of traditional container shipping. “We are well on the way towards a significant market position in the logistics industry,” Mr. Skou said.

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☆ Chinese automaker Geely's new energy brand Farizon raises over $300 mln
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

BEIJING/HONG KONG, Oct 26 (Reuters) - Chinese automaker Geely's new energy vehicle subsidiary on Wednesday said its brand Farizon has raised over $300 million from a funding round led by Asian logistics firm Global Logistics Properties' (GLP) investment arm Hidden Hill Capital. The new capital raise, which involves other investors such as Chinese logistics and chemical group Transfar and an investment firm backed by major Chinese investment bank CITIC Securities, came as Geely stepped up its new energy vehicle development. Hangzhou-based Geely Holding Group, owner of Zhejiang Geely New Energy Commercial Vehicle Group which sells Farizon, is known globally with its investments in Volvo Cars and Mercedes-Benz. Farizon will use much of the funding "for research & development and ecosystem development, in order to further consolidate its market-leading position in new energy commercial vehicles," Zhejiang Geely New Energy Commercial Vehicle Group said in a statement. Geely New Energy Commercial Vehicle did not disclose Farizon's valuation in the statement.

☆ Logistics giant CH Robinson just hired Whole Foods' former CTO as its first chief product officer — and it shows how high the digital stakes are for the whole industry
▼ + stars: | 2021-07-29 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Read previewAs the logistics industry becomes increasingly consumed by e-commerce, top-10 global logistics provider C.H. Robinson has hired an online veteran as its first ever chief product officer, reporting directly to CEO Bob Biesterfeld. E-commerce is becoming a dominant force in the logistics industry, with virtually every player attempting to cut off a slice. The CEO is also hoping that some of the hallmarks of digitally-native businesses like Zappos will rub off at C.H. Mimicking the ease of online consumer experiences for logistics processes will be on Rajan's plate come September.

Persons: —, Robinson, Bob Biesterfeld, Arun Rajan, Biesterfeld, Rajan Organizations: Service, C.H, Amazon's, Foods, Zappos, Business, Cargo Locations: Europe, C.H

☆ Расследование ZDG: Додон знал о схемах и лицах, причастных к хищениям на госпредприятии «Железная Дорога Молдовы» с 2019 года, но не вмешивался
▼ + stars: | 2021-05-18 | by ( ) nokta.md time to read: +8 min

Власти во главе с бывшим президентом Игорем Додоном знали о схемах и лицах, причастных к хищениям на госпредприятии «Железная Дорога Молдовы» (ЖДМ)с 2019 года, но не вмешивались. леев ЖДМ перед «Левдра» было передано компании «Transalliance Group», компании, аффилированной с Топала, Мироном Гагаузом, бывшим главой ЖДМ, а также Вячеславом Байда, известным как один из руководителей бизнеса Плахотнюка. В начале 2017 года часть денег, то есть 20 млн леев, была возвращена на счет Translogist Sistem как «платежи» в соответствии с «транспортными контрактами». Среди судоходных компаний — компания «Трансканкор», связанная с бывшим директором ЖДМ Юрие Топалэ, которая в ходе реализации схемы активизировала свою хозяйственную деятельность. В то же время бывший директор ЖДМ Юрие Топалэ заявляет, что «на железной дороге не было схем, схемы были вне железной дороги».

Persons: Translogist, Ziarul, Игорь Додон, Кик, Юрие Топала, Григоре Кондураке, Топала, Мирон Гагауз, Вячеслав Байда, Плахотнюк, Виктор Гаммер, Ирина Объелянская, Владимир Плахотнюк, Юрие Топалэ, Дорела Бэлана, Байда, Марчелиан Пырлог, Пырлог, Эдуард Купряков, Додон, Топалэ Organizations: BSA, Global Logistics, Global Trade, Железная Дорога Молдовы» (ЖДМ), Служба информации и безопасности (СИБ), Национальный антикоррупционный центр, Антикоррупционная прокуратура, Парламент, ЖДМ, ГП «Молдавская железная дорога, СИБ, Левдра, лукойлмолдов, Левдры, ДПМ, Метвил, ЖДМ «Новастандарт», Техномет Груп, Трансканкор, Парламентская Комиссия по расследованию ситуации, Комиссия Locations: Молдова, Джурджулешть, Великобритания, РФ

☆ SCHEME/ Calea Furată a Moldovei: Cine și cum a adus CFM-ul în prag de faliment
▼ + stars: | 2021-05-18 | by ( Daniela Calmis | ) www.zdg.md time to read: +29 min

Ulterior, raportul a ajuns și pe masa unor deputați din Parlament, iar mai târziu a intrat și în posesia ZdG. ZdG a analizat documentul și a verificat faptele expuse. SIS a constatat că, în anii 2018-2019, Iurie Topală și Grigore Condurache au semnat mai multe contracte „abuzive” cu firmele gestionate de familia Guțu. Pentru a limita numărul de companii de expediție și a favoriza anumiți operatori, coordonatorii schemei au operat inițial modificări la „Regulamentul de transportare a mărfurilor pe cale feroviară”. Deși numele lui apare în raportul SIS, Topală a negat că ar avea vreo companie afiliată și susține că informațiile din raport sunt „falsuri și minciuni”.

Persons: Igor Dodon, Alexandr, Ion Chicu, ., ZdG, Iurie, Grigore Condurache, Condurache, Iurie Topală, Dorel Bălan, Veaceslav Baida, Vladimir Plahotniuc, Plahotniuc, Baida, Vladimir Plahotniuc ., Irina Guțu, CFM, Miron, Victor Gammer, Irina, Guțu, Ion, Serghei Sumin, Arcadie Vicol, Vicol, Mihail, Marcelian, Eduard Kupriakov, Dodon, Topală, Ion Guțu, Lucian Organizations: Securitate, Național Anticorupție, Partidului Liberal, PL, Ministerul Transporturilor, Partidului Democrat, SIS, PDM, SA, VIKING, Union, Global Trade Trans, Justiției Locations: Moldova, Procuratura Anticorupție, Anticorupție, . Moldova, Transnistria Sud, CFM, Miron Găgăuz, SA, Chișinău, US, Giurgiulești, Mărfuri Giurgiulești, PPMG, Federația Rusă, Germania, Ucraina

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