Europe’s transportation market undergoing transformation

Europe’s transportation market undergoing transformation

Maritime Cyprus

Mark your calendars. Come late September, the container shipping industry — and logistics in general — could be in for one of those landmark events that come along every several years. Like so many times before — dropping of inland intermodal point pricing, launching of ever-larger vessels, slow-steaming, customer service charters and manifestos — Maersk Group, owner of the world’s largest container shipping company, could turn the industry upside-down with a strategic review that has European and global transportation interests buzzing about a possible breakup of the Danish conglomerate.

The outcome of that review will come in the wake of a series of events that have decimated European transportation interests struggling with a mix of overcapacity and sluggish demand at sea, in the air, and on the road that is squeezing freight rates and savaging balance sheets. Even Maersk, a paragon of excellence in an otherwise sea of container shipping red…

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