Comment / On the wires: The 2019 UPS forwarding debacle

“Logistics and Marken grew profits by double digits, which helped offset softer conditions in Forwarding and truckload brokerage.” – UPS, unaudited fourth-quarter (Q4) and annual results, 30 January 2020.

For the occasional reader, it’s easy to forget that, according to Transport Intelligence trailing data, UPS is one of the top five freight forwarders in air (it ranks fifth by volumes) while closely lagging the top 15 in the rankings in ocean freight.

Its vast asset base often draws attention with regard to ...