News

In recent weeks, a severe ocean freight capacity crunch across most major trades has sent freight rates on a skyrocketing trajectory. This rather sudden change in supply and demand has been fueled by high demand and network bottlenecks in part due to the Red Sea situation.

Scan Global Logistics' (SGL) growth journey continues with the acquisition of Foppiani Shipping & Logistics, an Italian freight forwarder with a head office in Prato. With the acquisition, SGL brings ‘Uncomplicate Your World’ to the eighth-largest economy in the world and the third-largest economy in the European Union for the first time. Foppiani, founded in 2007, is an independent freight forwarder focusing on customers in fashion and retail, automotive and a variety of other sectors.

Despite a challenging market, the global freight forwarder Scan Global Logistics just announced its quarterly financial report for the first three months of 2024, which showed a solid result according to plan.

Scan Global Logistics (SGL), a leading global provider of transport and logistics solutions, and Hapag-Lloyd, one of the world's largest container shipping lines, proudly announce a significant partnership with a multimillion-dollar ocean biofuel initiative. This landmark collaboration underscores a big step forward in both companies’ shared sustainability ambitions.

Scan Global Logistics has signed a 10-year Power Purchase Agreement (PPA) with Better Energy to offtake renewable energy in Sweden. Through the PPA, the global freight forwarder contributes to establishing a new solar park near Studsvik and purchases renewable energy for its Swedish offices and warehouses.

Starting with the conclusion, ocean freight levels are surging in a period that is usually considered a slack season, especially on the Far East Westbound trade from Asia to Europe, which is widely considered the global blockbuster trade.

With the crisis in the Red Sea having turned into a prolonged new normal, yet another stark reminder was provided on 13 April that ever-present geopolitical turmoil has a profound impact on global supply chains.

Time is rapidly running out for companies that have committed to halving their emissions by 2030. With each passing year, the target becomes more difficult to reach. The Transportation Action Guide launched at COP28 by SGL, alongside IKEA, Scania Group, and the Exponential Roadmap Initiative provides practical steps for companies to begin cutting emissions immediately.

The Sustainability Report 2023 is out, highlighting our initiatives within the Environment, Social and Governance scope.