Logistics round-up: Maersk severs Russia ties, XPO rejig

Duisburger Port severs links with Putin ally, Belarus

Duisburger Hafen in Germany is ceasing all business activity in Belarus, a decision taken in view of Belarus’ support of Russia’s invasion of Ukraine. The port operator’s representative office in Minsk has already been closed.

Duisburger Hafen owns and manages the Port of Duisburg, the world’s largest inland port.

“Our thoughts are with the people in Ukraine and we hope for a quick end of the war,” said Duisport CEO, Markus Bangen.

“We unreservedly close this chapter of our engagement in Belarus. We have already been critically questioning our activities there since 2020.

Maersk sells its stake in Russian Global Ports Group

A.P. Moller – Maersk is to sell its stake in terminal operator, Global Ports Group, due the war in Ukraine.

Global Ports is the leading Russian operator of container terminals. Its terminals are located in the Baltic and the Far East basins.

“We have today informed our joint venture partners and GPI, that we wish to take steps to divest our shares following the invasion of Ukraine and the operational challenges,” a Maersk spokesperson said in a statement.

XPO Logistics to spin off divisions, in structural rejig

XPO Logistics is to spin off its North American truck brokerage and related businesses, and also plans divest its European operations - moves that will transform the company into a Less than truckload (LTL) provider on the continent.

LTL freight refers to the transportation of products or goods that do not ....

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