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 ...
FedEx has announced a “strong” set of third-quarter results, primarily due to volume growth in US domestic residential packages and a 41% increase in international priority package volumes, led by Asia and Europe.
But the quarter was mired in poor weather, with operational problems caused by heavy snow in the US, cutting operating income in February by $350m.
Q3 revenues rose year on year from $17.5bn to $21.5bn, while adjusted operating income rose more than 230%, to $1.06bn and net income nearly ...
Outlook for container shipping 'more uncertain now than at the onset of Covid'
Teamsters union vows UPS will be 'in for a hell of a fight' over jobs cull
Shippers warned: don't under-value US exports to avoid tariffs – 'CBP will catch you'
Cancelled voyages take the sting out of spot rate declines this week
New Houthi warning to shipping as rebel group targets specific companies
K+N CEO unveils impact of US import tariffs on China-origin goods
Blanked sailings in response to falling demand 'just a stop-gap solution'
CMA CGM to reflag box ship as the French carrier eyes growing Indian market
More pressure on transpacific rates as carriers bet on a China-US trade deal
Boeing looks to resell up to 50 aircraft rejected by Chinese buyers
'Strong start' to 2025, despite market uncertainty, says Kuehne + Nagel
US Customs chaos means 'more downside risk than upside potential' for air cargo
Taiwan ministries act to mitigate effect of trade war on agriculture exports
Wan Hai joins box shipping 'arms race', but avoids Chinese yards for newbuilds
MOL signs up with Climeworks for direct air carbon capture and storage
Comment on this article