Swiss Post calls for renegotiation on USO as profits fall 9.8%
In part blaming the universal service obligation for its financial woes, Swiss Post reported a 9.8% y-o-y fall in EBIT to CHF 323m.
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In part blaming the universal service obligation for its financial woes, Swiss Post reported a 9.8% y-o-y fall in EBIT to CHF 323m.
Austrian Post reported a 5% EBITDA growth on revenues up 8.7% y-o-y, even in the face of macroeconomic factors.
Amidst falling Mail segment revenues and growing Parcels segment revenues, PostNL is seeking a revision to its universal service obligation.
Expected letter volume declines were not offset by Belgian postal operator bpost’s North American parcels business,
Ti has formulated its warehouse cost index, which looks to track overall warehousing costs in North America, Europe, and North-East Asia.
Yamato Transport’s 2.3% y-o-y drop in Q3 revenue to JP¥500.2bn was caused by a variety of factors including a softer than expected peak season.
UPS operating profit was down 30.2% y-o-y to US $9.14bn on revenues that fell 9.3% to $90.96bn with few exceptions all of its business lines.
A new raft of regulation is coming into force that will make a company’s non-financial behaviour critical to competition.
Raised employee wages, a decline in the Japanese domestic e-commerce market and a bumpy east-west logistics market all contributed to a 22.2% y-o-y fall in operating income for SG Holdings (parent of Sagawa Express) in the third quarter.
The US road freight recession contributed to a modest fall in revenues and earnings at Union Pacific railroad company.
UK postal operator Royal Mail owner International Distribution Services (IDS) released its third quarter 2023 results.
JB Hunt sees a 25% y-o-y fall in operating profit in 2023 as leadership points to high inflationary pressures from insurance companies.