'Strong' Q3 for Maersk as it prepares for alliance launch – but no bid for GXO
Maersk has ruled out bidding for GXO, as it revealed strong Q3 earnings this morning. ...
MAERSK: QUIET DAY DHL: ROBOTICSCHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS LINE: DEMAND PATTERNS
MAERSK: QUIET DAY DHL: ROBOTICSCHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS LINE: DEMAND PATTERNS
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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