Kintetsu World Express hit by ransomware attack
Kintetsu World Express (KWE) has been hit by a ransomware cyber-attack which has hobbled its ...
Senior executives from Expeditors, North America’s largest freight forwarder, put on a brave face yesterday, releasing second-quarter and first-half results revealing revenue and profit on the decline.
Total revenues for group operations – air and sea freight forwarding and customs brokerage services – fell year-on-year in Q2 by 13% to $1.47bn, while net profit was down 1% to $116m.
The declines came despite a 2% growth in air freight tonnage. Ocean freight volumes declines by 1%.
However, there was a slight fillip towards the end of the quarter, in terms of volumes: ...
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