Cargotec tackles supply chain problems, awaits U.S. Infrastructure Bill August 2, 2021 Cargotec reported a record high level of new orders in Q2’21 as demand for the materials handling firm’s forklifts and seaport cranes surged on the back of rapidly expanding shipping activity. The forthcoming U.S. Infrastructure Bill may provide more funding for port expansion projects. While ... Read more →
Cargotec and Konecranes announce merger to chase cost savings October 8, 2020 Logistics equipment suppliers Cargotec and Konecranes have announced a merger due to be completed in 2022 in order to become a “global leader in material flows”. There’s evidence of a continued slowdown in activity from both firms with U.S. seaborne imports linked to Cargotec and Konecranes do... Read more →
Brexit Watch: Diageo, Pernod could make best of a bad deal with Irish shipping shift June 2, 2020 Negotiations between the EU and U.K. to secure a trade deal for 2021 and beyond this week are unlikely to yield much progress. The positions of the two sides are entrenched regarding the style of deal wanted: the EU wants a full deal per last year’s Political Declaration; the U.K. wants a narr... Read more →
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