Last-mile parcel carriers struggle while global express market is set for growth
The global express parcel market is set to see steady growth over the next four ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
The first sentence in the Polar Air Cargo corruption case has been doled out, to Lars Winkelbauer, its former chief operating officer. His more-than-decade-long scheme to take kickbacks, along with other management, caused Polar to lose more than $32m in revenue. He received four years in prison, must forfeit $6.7m, and make restitution to Polar in the amount of $32,902,847.
Polar is jointly owned by Atlas Air and DHL – neither of which have commented on the fraud and how it was able to go on for so long. US attorney Damian Williams said the sentence sent an important message: “Corporate corruption doesn’t pay”. You can read the full statement here.
Listen to The Loadstar Podcast News in Brief for a quick recap of last week’s top stories:
Comment on this article