Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. “We are waiting for the world to restart,” said Emanuele Grimaldi, one of the co-owners of Italy’s Grimaldi Group SpA, a closely held shipping giant that operates one of the world’s biggest fleets of car carriers and heavy equipment movers. “We had two months of literally zero car production, especially in Europe,” Mr. Grimaldi said. U.S. car sales fell 28.8% year-over-year in May to 1,128,887 units, according to data provider J.D. Norway’s Wallenius Wilhelmsen AS A, one of the largest operators of the chunky, workhorse vessels known as car carriers.

Source: Wall Street Journal June 08, 2020 18:11 UTC