Airlines slash freighter capacity post-de minimis, but 'the worst is yet to come'
Airlines have already significantly cut freighter capacity since last week’s de minimis change in the ...
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By Alex Lennane
UPS reported strong fourth-quarter results as it celebrated a strategy embracing SMEs and improved use of technology.
Q4 revenue reached $19.8bn, up from $18.9bn a year earlier, and on an adjusted basis, net income was $1.6bn, up from $1bn last year.
The operator said the supply chain and freight business units “demonstrated continued growth as the result of greater alignment with small and medium-sized customers”
It added: “Coyote, brokerage and international air and ocean freight made significant contributions to operating profit within forwarding.”
CFO ...
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