Amazon sets pharmacy industry in sights after triple digit Q1 growth
The US pharmacy delivery industry is firmly in Amazon’s sights following a 218.8% y-o-y increase in operating income to $15.31bn.
The world's largest collection of global supply chain intelligence
The US pharmacy delivery industry is firmly in Amazon’s sights following a 218.8% y-o-y increase in operating income to $15.31bn.
A strategic plan to improve profitability at PostNord has enabled it to achieve a 195.3% y-o-y growth in operating profit in the first financial quarter.
Denmark based global forwarder and contract logistics operator DSV has had extensive changes of senior leadership amidst the ongoing challenging global market conditions in Q1.
The European road freight capacity index decreased for third month in a row, falling by 7.4% year-on-year in March 2024, according to the latest data by Transporeon.
A 276.5% y-o-y growth in operating profit for the SCS division of Ryder Transportation Systems helped offset an overall 43.3% first quarter drop in earnings to US $114m.
Wincanton announced that it is set to acquire Invar Group Limited (Invar), a UK-based specialist in warehouse execution software, automation and controls.
French state owned railway operator SNCF reported a 0.8% y-o-y growth in revenue to €41,760m with a 2.7% EBITDA fall to €6,435m.
Two sets of European regulations are set to put zero emission truck (ZET) sales into overdrive in the coming years.
French state-controlled Le Groupe La Poste saw operating profit grow 19.0% y-o-y to €2,134m in the year ending 31 December 2023.
Amidst year long plummeting sea and air freight volumes, global freight forwarder Expeditors reported operating income for the full year 2023 down 48% y-o-y to US $940m on revenues that fell by 46% to $9,300m. Announcing further job cuts, its CEO Jeffrey S Musser said, “If I had to use one word to describe the fourth quarter and all of 2023 it would be ‘uncertainty’.
The acquisition is part of Gebrüder Weiss’ objectives for continuing growth in North America, which include expanding its LCL services in the Air & Sea segment.
Alibaba Group’s Cainiao Smart Logistics Network has generated a profit in the three months to December 2023.