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Chinese logistics giant Sinotrans had a 13.33% y-o-y drop in revenues to RMB 47,837m (€6,144m) in the first half (H1) of 2023. The January to June results also showed a 6.73% y-o-y drop in operating profits to RMB 2,172m (€278.99m).
This new facility builds on the success of Europa’s most recent locations, which debuted in 2022 in Shanghai and Dubai, respectively.
The Upply, Ti & IRU European road freight rates index for Europe shows that the Contract Rate Index is down 0.2 points q-o-q, although it remains up 2.8 points year-on-year. Meanwhile, the Spot Rate Index is down 3.5 points q-o-q and. down 7.5 points y-o-y.
Canada Post has blamed increasing competition in the e-commerce parcel delivery market for its growing losses this financial quarter.
By employing its upcoming fleet of wide-body aircraft, the airline wants to strengthen its position in the air cargo sector with a goal of attaining a 20% market share over the next two to three years.
Overall net sales at Amazon grew 11% y-o-y to US $134,383m and operating profit grew 132% y-o-y to US $7,681m.
CMA CGM reported its second quarter 2023 results, with total revenue decrease by 36.9%, from $19.5m in Q2 2022 to $12.3m in Q2 2023.
Strong growth in B2C parcel volumes helped Poste Italiane to a 9.9% increase in EBIT in the second quarter of the financial year.
The Global Automotive Logistics 2023 Report from Ti Insight shows market instability, major supply chain shifts and offers insight on vehicle manufacturer activity.
The global freight forwarding market continues to normalise, with demand for air and sea freight forwarding services remaining soft.
MSC is reportedly in talks to acquire Italian cargo airline AlisCargo to grow its MSC Air Cargo airline business.
After suspending its freighter operations more than ten years ago, JAL is preparing to reinstate a dedicated cargo fleet to develop its domestic and international e-commerce business.
