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 ...
© Peter Titmuss
The closing quarter of 2017 will be one to forget for US rail operator CSX: the untimely death of chief executive Hunter Harrison coinciding with declining intermodal volumes.
Volumes for the three months to December dropped by some 5% to 719,000 tonnes, with intermodal revenue falling 1% to $471m.
However, despite this, quarterly revenue per unit climbed 4% to $655, and the dent failed to offset full-year figures, indicating that Mr Harrison’s move to ’precision railroading’ was working.
Chief executive James Foote said: “CSX’s ...
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