'One FedEx' blossoms, takes Mr Market's pulse with Freight spin-off allure
Here we go…
Sell-side research house Bernstein today ran the rule over International Distributions Services (IDS), the holding company controlling Royal Mail and logistics arm GLS.
Before you get going, the scale of the problem is here below, sourced from IDS’s statement:
“Group reported operating loss of £748 million (2021-22: £577 million profit), comprised of loss in Royal Mail of £1,044 million (2021-22: £250 million profit) and a profit in GLS of £296 million (2021-22: £327 million profit).”
Fiscal full-year 2023 results weren’t too bad, however, if ...
Chaos now rules the container shipping market, says Yang Ming CFO
US Logistics Solutions files for liquidation, with significant job losses
Maersk sets new chartering record with deal for $150,000 a day
Forwarders 'being squeezed' as spot and contract rates move further apart
More ships and more containers needed for 'feverish' box shipping sector
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Demand for air freight 'perking up', but this puts pressure on capacity
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
Comment on this article