Agility third-quarter results hold up, despite air freight volume decline

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There’s no decent independent analysis on this yet, but Agility has released its third-quarter results showing profit up 5% to $45m. Noting that the market “remains soft”, as trade is flat or declines, the Kuwaiti company said it had improved efficencies and productivity. Global integrated logistics revenue for the third quarter fell 3% to $816.8m, on a constant currency basis, reflecting a decline in air freight volumes. However, ocean, contract, chemicals and events all improved.