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 ...
The downturn on the transpacific, compared with the pandemic-driven boom of the past two years, is palpable as ocean carriers start to post their Q1 results – but there are suggestions a rebound is imminent.
First-quarter preliminary results from US domestic and transpacific carrier Matson saw container volumes on its China service slump 35% on the previous year, as American consumers drastically cut back on discretionary spending.
Matson chairman and CEO Matt Cox said its retail customers had “continued to conservatively manage ...
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