New ocean capacity dump wipes out transpac gains
Within a month, liner operators have lost the gains they achieved on the transpacific. While the ...
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| Dreamstime.com
You may be forgiven for thinking that the first-half trading update by Kerry Logistics Network, out a couple of days ago*, was really, really good..
(*Released on 28 August: full report here)
… despite a “slight drop” in earnings (click to expand the table above) – on a comparable H1 24 versus H1 23 basis – for its integrated logistics (IL) unit, which was responsible for just less than one-third of group sales in the first half.
With almost US$2.4bn in H1 24 ...
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