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 ...
© Vladimir Serebryanskiy
Despite a nine-month operating loss of KRW288bn ($258m), Hyundai Merchant Marine (HMM) is in a much better position than it was a year ago.
The South Korean carrier has cut its losses by more than two-thirds, after last year’s third quarter left it down KRW647bn.
Despite the comparatively brighter outlook, industry sources said the carrier had been hobbled by a business model that sees it perform as a slot charterer on Asia-Europe trades.
“It is also having to be incredibly competitive on the transpacific routes to ...
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