Timeline essential: Watch record RXO – from strength to strength
On a roll
WMT: FOCUS ON COREUPS: STAFF CUTSGM: TOP SALESGXO: LEGAL RISKAMZN: AI-DRIVEN VALUETSLA: UP SHE GOESUPS: LOOKING FORWARDUPS: LOWERING EPS ESTIMATESEXPD: UNDER PRESSURE CHRW: JOB CUTS REPORTEDWTC: ANOTHER DEALRXO: ANOTHER RECORD DHL: JOINING THE PARTYKNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKER
WMT: FOCUS ON COREUPS: STAFF CUTSGM: TOP SALESGXO: LEGAL RISKAMZN: AI-DRIVEN VALUETSLA: UP SHE GOESUPS: LOOKING FORWARDUPS: LOWERING EPS ESTIMATESEXPD: UNDER PRESSURE CHRW: JOB CUTS REPORTEDWTC: ANOTHER DEALRXO: ANOTHER RECORD DHL: JOINING THE PARTYKNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKER
Currency “headwinds” and a pension change caused UPS to miss its analyst estimates for the year – and it also downgraded expectations for 2017. While revenue in the fourth quarter increased $64m to $10.9bn, a 6.3% increase over Q4 15, it made an operating loss of $570m, balmed on a mark to market pension change; but adjusted, operating profit was $1.3bn. It made a full year profit of $3.4bn on an operating profit of $30bn. Despite the results, UPS said it had a strong fourth quarter, but its CFO noted: “However, bottom-line results were challenged by a shift in product mix and the continued softness in industrial production.”
Maersk pulls out of DB Schenker bid after identifying 'challenges' in integration
Forwarders 'being squeezed' as spot and contract rates move further apart
Return to double-digit spot rate gains looms with new FAK hikes and surcharges
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
Red Sea crisis dictates container fleet capacity trends
Shipper fears resurface as Canadian rail workers renew vote for strike
Container futures trading trend suggests no end to Red Sea crisis this year
Freighter aircraft: 'we are on the cusp of major change in large widebodies'
Airlines add transpac capacity as flood of ecommerce traffic continues
MSC to launch Europe-Asia-North America service
Kuehne + Nagel restructure – 'Paul was the one with the guts to do it'
Indian importers turning to bulkers as box line capacity falters
Former Flexport/Amazon execs launch tech start-up for forwarders
Schenker race...Mærsk out – in the name of synergies, or the lack thereof
News in Brief Podcast | Week 27 2024 | A bustling ocean freight market, acquisition and bankruptcy
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