OOCL gains market share in Q1, with 'very strong' financials unveiled by Cosco
Volumes carried by Cosco-owned container line OOCL in the first quarter soared, compared with the ...
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US freight forwarder and contract logistics provider UTi Worldwide yesterday saw its first-quarter losses grow year-on-year, after small increases in ocean and air freight volumes were hit by lower pricing.
The company reported a net loss of $43m for the quarter, compared with a loss of $12m in the same period last year. It was also hit by a stronger dollar, with around two-thirds of its revenue generated outside the US.
Forwarding volume increases were primarily driven by gains in the Asia-Pacific ...
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