UPS to cut 20,000 jobs in network reconfiguration
And so it starts. UPS, while announcing a better-than-expected profit, also enthused investors with its ...
The demise of the ports industry has not happened yet, if DP World’s results are anything to go by – except, of course, it hasn’t revealed its financials. In contrast with some of its results last year, the UAE company saw like-for-like container volumes grow 7.7% in the first half of the year. All three business regions enjoyed a boost, with Jebel Ali up 4.3% year-on-year. The port attributed the growth to “market share gains from the new shipping alliances”.
European port congestion now at five-to-six days, and getting worse
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