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 ...
By Mike Wackett
Hapag-Lloyd succeeded in putting “profits over market share” in its third quarter, according to container shipping analyst Lars Jensen.
The carrier posted a net profit of $168m in Q3, achieved from higher average freight rates on flat volume growth.
For the nine-month period, net profit was $333m, which compares with a surplus of just $15m for the same period of last year, and at ebitda level, the nine-month result came in 75% higher than the year before at $1.7bn.
“Clearly its approach to prioritise profitability ...
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