The world's largest collection of global supply chain intelligence
DSV saw record profits for the financial year 2022, however the fourth quarter numbers suggest that these results are more about the past than the present, let alone the future. For the financial year 2022 DSV saw revenue increase by 24.3% year-on-year and EBIT (Earnings Before Interest and Tax) by 48%.
For the past six months US technology companies have been shrinking their workforces aggressively, worried by over expansion. Now FedEx has joined them.
The position of Hong Kong as a hub for air and sea freight as well the co-ordination of China based supply chains is under pressure. New figures from Hong Kong’s Census and Statistics department describe exports in December 2022 from the city-state as falling by 28.9% year-on-year, which is said to be the heaviest fall in percentage terms since 1953.
The news ought not to affect the market and shipper’s relationship with Maersk and MSC immediately.The fact that the two lines are ending the agreement ought not to be so surprising. What was perhaps more surprising was that the two largest container shipping lines had such an agreement in the first place.
Fourth quarter and full year results from J.B. Hunt, the leading Arkansas intermodal, less-than-truck load, full-truck load and last mile provider, show that both its sales and its profits boomed in 2022.
Logistics costs have eased across much of the world and many of the supply chain ‘bottle necks’ that were supposed to be so insurmountable have suddenly become less serious. However, that does not mean that the issue of inflation has necessarily disappeared.
The leading semiconductor producer, TSMC has just issued a downbeat assessment of the market in its latest quarterly results.
The ‘tech downturn’ is starting to affect logistics companies. Chief analyst Thomas Cullen reports. Flexport, the digital freight-forwarder and software producer based in San Francisco, has announced that it is reducing its workforce by a fifth. In a “Note to Employees”, the two founders of the company, Dave Clark and Ryan Petersen, said that whilst …
The US rail network seems to have avoided strike disruption and is also moving away from the congestion seen through 2021 and much of 2022. However, things are still not perfect in American rail.
Amazon is reducing the size of its workforce by 18,000 people.
That COVID-19 is still a problem for the logistics markets in 2023 is remarkable.
A statement from Deutsche Bahn AG issued last Thursday said that the “Supervisory Board of Deutsche Bahn AG (DB AG) has assigned DB AG’s Management Board the task of examining and preparing the case for a potential sale of up to 100% of its shares in DB Schenker.
