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 ...
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By Alex Lennane
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.
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