Deutsche Post DHL Group to Acquire Ocean Freight Forwarding Expert J.F. Hillebrand Group
Deutsche Post DHL Group (“DPDHL”) has signed an agreement to acquire up to 100% of J.F. Hillebrand Group AG (“Hillebrand”) and its subsidiaries at an equity value of around €1.5 billion. Hillebrand is a global service provider specialized in ocean freight forwarding, transport and logistics of beverages. Gori and Hillebrand will both be in the DHL group of companies when the acquisition is complete, subject to EU and US approvals. Hillebrand is one of Elenteny’s freight vendors. More details may be found here.
Number of New Container Ships on Order Continues to Rebound
Domestic Trucking Update
Domestic / Over the Road Shipping Trucking volumes and rates are running nearly double the five-year average today, demonstrating how hot this freight market currently is. Disruptions in material shortages, port congestion and intermodal restrictions have boosted volumes and rates through the first week of August. Truck utilization rates however are maxing out supply, coupled with chronic driver shortages, means that carriers will continue to have pricing pressure moving into 2022.
West Coast Shipments
Thanksgiving Wine: The sooner the better
If you are on the West Coast, it is time to start booking your Thanksgiving shipments. With the current state of the supply chain, European wines to the West Coast are seeing timelines of 90+ days from when a shipment is ready at the vineyard, to when it lands in your warehouse. This means shipments booked now are projected to land around mid November. Do not wait. If there is one thing we all need more of heading into the holiday season, it is wine.
West coast Spanish Importers, potential year end last call
Just in case you missed the previous one hundred notices, logistics is very unpredictable right now. Spanish shipments that are ready at your producer now are projected to be ready in California at the end of November. This does not include the annual holiday delays, which will create more disruptions. Please do not wait. Any shipments submitted after August 31st run the risk of not arriving until 2022.
News to Know