Using Amazon Air services 'a win-win' for 'absolutely satisfied' K+N
Amazon Air has received a ringing endorsement for its airfreight services from Kuehne + Nagel ...
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
Orient Overseas International Ltd (OOIL) has published the first-quarter operational results for its container line OOCL.
The OOCL quarterly numbers are a traditional ‘first peek’ at the performance of the liner industry ahead of the release of carrier financial results several weeks later.
Volumes were up 7%, compared with Q1 2016, to 1.47m teu; revenues increased by 6.4% to $1.18bn, although the average rate per teu was down marginally.
OOCL recorded an impressive 29% uplift in its revenue between Asia and Europe on a 17.6% hike in its liftings, and although the sector represents only about 19% of the carrier’s total business, the numbers are encouraging for its peers that have a bigger exposure to this hitherto troubled market.
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