Volumes grow faster than profits at Aramex in Q1
Double digit volume growth in nearly all segments bar logistics belied far smaller revenue growth across the board for Aramex in Q1.
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Double digit volume growth in nearly all segments bar logistics belied far smaller revenue growth across the board for Aramex in Q1.
The new parcels offering USPS Ground Advantage helped improve revenues and reduce net losses in Q2 for USPS
A 14.1% growth in revenue to €758.6m and operating profit growth of 8.7% y-o-y to €103.4m has put Austrian Post in a strong position.
Business wins worth an annualised $250m helped global pure play contract logistics player GXO Logistics to a 5.7% y-o-y growth in revenues
Ongoing costs associated with the USO and a new labour agreement has led to operating profits at PostNL fall to minus €9m in Q1.
Ti’s Warehousing Cost Index details that y-o-y cost growth has slowed substantially into Q4 2023, particularly in Western economies.
FedEx CEO Raj Subramaniam said, “FedEx delivered another quarter of improved profitability in wheat remains a difficult demand environment.”
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.