Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Maersk Air Cargo ditched some of its less-profitable customers, a move which saw its airfreight ...
© Jonathan Weiss
US rail operator CSX’s intermodal division may have closed 2018 on the up, but this year has begun with “leaves on the line”.
Its first-quarter earnings statement reveals a 5% dip in revenue ($428m) and volumes, and points the finger of blame at the “rationalisation” of its domestic network.
Chief executive James Foote told investors: “Despite international growth, intermodal declined due to the additional lane rationalisations implemented following peak season.
“Intermodal revenues are expected to remain muted, as we work our way through ...
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