ITLN

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40Seas gets $111 million funding from ZIM, Team8

Funding comes as fintech startup emerges from stealth mode; ZIM also extends credit facility of approximately $100mn

https://www.itln.in/logistics/....40seas-gets-111-mill

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FedEx deploys 30 EVs to advance sustainability goal

FedEx intends to convert 50% of its global pickup and delivery vehicle sales to electric by 2025, reaching 100% by 2030.

https://www.itln.in/logistics/....fedex-deploys-30-evs

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Maersk announces new executive leadership team

Organisational structure shaped around 15 roles and areas of responsibility

https://www.itln.in/shipping/m....aersk-announces-new-

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Inflation, recession biggest fears in 2023: Container xChange

Chances of new strikes are high due to inflation-related rise in prices putting pressure on workers’ disposable incomes

https://www.itln.in/shipping/i....nflation-recession-b

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Air cargo demand drops 14% in November: IATA

Compared to pre-Covid levels (Nov 2019), there was a smaller contraction in demand (-10%) while capacity was down 9%

https://www.itln.in/aviation/a....ir-cargo-demand-drop

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