FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.
August 1, 2024Business, Logistics, Global Freight, TCA
Sluggish Global Economy Weighs on Germany’s DHL in Q2
Government, Business, Technology, TCA
German Agency OKs Volkswagen’s Plans to Buy Rivian Stake
BERLIN — The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in U.S. electric car manufacturer Rivian, it said July 29.
July 29, 2024Government, Business, Equipment, Safety, TCA
Ford Recalls Over Half a Million 2014 F-150 Pickup Trucks
NEW YORK — Ford Motor Co. on June 25 issued a recall for over half a million F-150 pickup trucks from the year 2014.
June 25, 2024Business, Technology, Safety, Fuel, Autonomous, TCA
VW to Test Driverless ID Buzz Van With Passengers on Board
HANOVER, Germany — Volkswagen Commercial Vehicles is to test its self-driving ID Buzz AD electric van for the first time under realistic conditions and with passengers on board.
March 22, 2024Government, Business, Logistics, Global Freight, TCA
Hapag-Lloyd Warns of Further Earnings Decline in 2024
Following a slump in profits in 2023, German container shipping company Hapag-Lloyd expects earnings to decline again in 2024.
March 14, 2024Government, Business, Safety, Logistics, TCA
Container Shipping Through Red Sea Falls Again
HAMBURG, Germany — Container shipping through the Red Sea and Suez Canal has declined again in response to the conflict in the Middle East, after recovering to some extent.
March 11, 2024Business, Logistics, Global Freight, TCA
Container Boom Leads to Q4 Earnings Dip at Hapag-Lloyd
HAMBURG, Germany — The sharp drop in freight prices following the pandemic has caused a slump in sales and profits at German container shipping company Hapag-Lloyd.
January 31, 2024Business, Logistics, Global Freight, TCA
Maersk, Hapag-Lloyd to Operate Some Ships as Joint Fleet
Global shipping giants Hapag-Lloyd and Maersk have struck a partnership deal to operate some of their ships as a joint fleet in the future, the companies announced Jan. 17.
January 17, 2024Business, Logistics, Global Freight, TCA
Germany’s Deutsche Post DHL Group Changes Name to DHL Group
BONN, Germany — German multinational package delivery and logistics company Deutsche Post DHL Group said June 19 that it is changing its name to DHL Group as of the beginning of July.
June 20, 2023Business, Technology, Logistics, Private, TCA
Amazon Signs Deal to Bring Low-Carbon Fuels to Trucking Fleet
SEATTLE — Amazon .com Inc. signed an agreement with renewable fuels technology company Infinium on Sept. 20 to begin powering its transport vehicles with ultra-low carbon electrofuels starting in 2023.
September 20, 2022