Inflation has had a significant impact on economies globally in the wake of the pandemic. Factors such as economic disruptions, supply chain issues, government and central bank interventions, and price increases have all contributed to a rise in inflation. However, this trend appears to be reversing, albeit gradually. By the end of 2022, global growth …
UPS’ most recent numbers add to a sense of falling demand across not just air express, but other markets too. For the first quarter 2024, revenue fell 5.3% year-on-year to US$21.7bn whilst ‘adjusted’ operating profit was down 31.5% at $1.74bn.
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.
Competition is and always will be a major part of business. However in 2024, there’s a greater need than ever to collaborate them. Can you imagine your competition as your colleagues? Kirsty Adams reports.
The start of 2024 has proved to be somewhat unexciting for Kuehne and Nagel. The logistics service provider’s just published Q1 2024 results show that, in the face of some quite volatile markets, the company saw its performance suffer.
With revenues of €771 million in 2023 and an EBITDA margin of 14%, Staci has delivered strong financial performance.
Daniel Křetínský has finally made his offer for Royal Mail. The Czech investor who has held 27.5% of International Distributions Services Plc (IDS) shares for several years, has made an offer for the holding company of the Royal Mail and GLS of UK£0.320 per share.
Flexible storage, automation and new recruitment methods. Will UK warehouses keep pace with ecommerce? Kirsty Adams reports.
Ti’s Warehousing Cost Index details that y-o-y cost growth has slowed substantially into Q4 2023, particularly in Western economies.
The situation in the Middle East has worsened. There are now threats both to sea and air freight transport across most of the region. It also appears that types of cargo beyond just container cargoes are threatened.
The logistics infrastructure of South East Asia continues to develop, even if its progress is politically controversial. For example, Port Klang, in Malaysia, is embarking on its plan to double container handling capacity from 14m TEUs at present, to 27m TEUs in 15 years time and increase the number of container terminals from 9 to 17.
The situation in the Red Sea may be deteriorating. A series of media reports are stating that the Houthis have launched missile attacks against several different ships in the Red Sea, off the coast of Yemen, and in the Indian Ocean.
