Kerry Logistics stays bullish as profits decline in a 'tough market'
Hong Kong-headquartered 3PL Kerry Logistics Network (KLN) today was the latest freight service provider to ...
UPS is to invest in its US network, in what chief executive Scott Davies referred to as the year of the customer”. It will also expand sorting capacity and develop its technology. However, it was revealed in yesterday’s results, it is incurring greater expenses – in part for its 2014 peak season operations – and it has had to pay out for additional transportation this quarter. In Europe, it had to pay a premium for additional short-term capacity. While revenues for the second quarter rose 5.6% to $14.3bn, total operating expenses rose 14.9%. The best improvements were seen in its Supply Chain Group, especially freight forwarding.
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Dali cargo owners face massive costs if general average is declared
Ripples from bridge collapse will give importers a headache
Could the Dali have suffered a power loss before bridge crash?
Indian Customs to auction uncleared export boxes at Nhava Sheva
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article