The United Nations recognizes the impulse that Free Zones generate for developing countries. The organization highlights the value generated by global and regional value chains. By María Camila Moreno, Executive Director Association of Free Zones of the Americas (AZFA) The latest report of the United Nations Conference for Trade and Development UNCTAD, reveals that to […]

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Container shipping giant AP Moller-Maersk has learnt from past mistakes and will do better in its latest efforts to build a broader logistics business, the company’s controlling shareholder and incoming chair has insisted. Robert Uggla, who is 43 years old and the fifth generation of Maersk’s founding family, told the Financial Times in a rare […]

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The BID estimates that if Panama manages to capture only 1% of the imports that the United States makes from outside the Americas of products that Panama already exports to that market, it could generate an additional 1.9 billion. The fracture of the supply chains between 2020 and 2021 due to issues of the pandemic, […]

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Maersk titled one of its slides on its investor’s presentation “Looking back on an extreme year”. This seems an accurate description, with extreme market conditions and extreme financial results. For the year, the whole company’s revenue was up 55% at US$61.8bn, whilst EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) was US$24bn – an increase […]

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TuSimple, a global autonomous driving technology company, announced that Union Pacific Railroad, the largest Class I railroad in the U.S., will become the first customer to move freight on TuSimple’s fully-automated trucking route between the Tucson and Phoenix, Arizona metro areas. Union Pacific is leveraging Loup Logistics (Loup), a wholly-owned subsidiary, to coordinate the freight […]

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A major player in global trade signaled disrupted supply chains rattling economies from Vietnam to Germany may return to normal within months, easing concerns of a more protracted period of shipping chaos that has helped fuel inflation, wreaked havoc on retailers and slowed factory production. Ship backlogs that have persisted for most of the Covid-19 […]

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Maersk has finally confirmed that it is using its cash-packed war chest to invest in air freight, much as rival CMA CGM has done. This morning it confirmed it was buying air freight forwarding specialist Senator International, for $644m, news broken by Loadstar Premium last month. It also confirmed it would lease three 767-300Fs from […]

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Colon maintains its leadership as the port with the largest container movement in Latin America at the end of 2021, reaching the figure of 4,915,975, followed by Santos, Brazil with 4.83 million TEUs. PML has compiled data from the five ports that traditionally occupy the top positions in the Latin American port ranking, which would […]

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This year Latin America had to experience the “rebound effect”. As 2020 was so hard for the world’s economies due to the effects of the covid-19 pandemic, the growth rates of this year about to end are misleading. The reason is that since the current Gross Domestic Product (GDP) is measured in relation to the […]

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Swiss-based shipping group MSC said on Monday it had expressed interest in buying a majority stake in airline ITA with German flagship carrier Lufthansa as an industrial partner in the deal. MSC said the two groups had requested an exclusivity period of 90 days. “The interest derives from the possibility of activating positive synergies … […]

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