Bolloré bounce boosts CMA CGM Q2 revenues, but job worries persist
CMA CGM Group has announced a “robust performance” in the second quarter, with revenues up ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
The quick fix UPS had hoped for in its takeover of TNT Express has not been forthcoming. The EU Commission has doubts about the merger, and is expected to issue a “statement of objections” next week. UPS will need to offer more concessions to get the deal approved, according to this FT article. (As the FT is behind a pay wall, you will need to go via CNN, and click on the ‘EU set to deal UPS blow over TNT’ link, under press releases.)
Meanwhile, Fedex believes that modal shift is permanent rather than cyclical – and so will attempt to boost profit by $1.7 billion through cost cutting. Fedex Express and Fedex Services will see the toughest cuts, said Fred Smith, while several thousand employees are expected to take a voluntary buyout.
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