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Logistics revenues surpass pre-recession levels, but profitability yet to fully recover [24/May/2013]
The latest report from Ti, Global Transport and Logistics Financial Analysis 2013, reveals the winners and losers in the global logistics industry over what has been a tempestuous six year period. Read Full Article...
After rebuffing a YRC takeover, ABF and Teamsters agree on new contract [23/May/2013]
A negotiated Teamsters union contract will be voted on by ABF Freight’s 7,500 members throughout the month of June. Pending its approval, union members will accept an automatic 7% decrease in wages, however it will be recovered by the 5th year of the contract. Read Full Article...
NAFTA import trade by weight increased almost 4% in February [09/May/2013]
The value of goods imported by the US from its NAFTA partners, Canada and Mexico, declined almost 3.0% compared to the same period in 2012. However, there was more trade imported by weight moving across borders in February 2013 compared to February 2012. Read Full Article...
DSV suffers in flat market [01/May/2013]
DSV attributed its disappointing marginal year-on-year increase in first quarter revenue to "stagnating or falling freight volumes". The company also experienced a sharp fall of 8.8% in earnings before interest and tax (EBIT). Read Full Article...
The state of the European road freight industry [29/Apr/2013]
John Manners-Bell MSc FCILT, CEO of Transport Intelligence, recently spoke at the Motor Transport Directors’ Club lunch at Multimodal 2013, regarding the state of Europe’s road freight industry. In his speech he described the growth of the market and developments and trends such as company bankruptcies and the rising cost of diesel, before reaching some interesting conclusions. Read Full Article...
Busy first quarter for UPS as it reports a respectable increase in revenue [26/Apr/2013]
There’s quite a bit of activity going on at UPS. During the first quarter, the company dropped its bid for TNT Express, bought out its Vietnamese joint venture to become the first global express company in Vietnam to be 100% wholly-owned and bought a European medical logistics company - Cemelog. Read Full Article...
Kuehne + Nagel continues to make progress in a tough market [15/Apr/2013]
Kuehne + Nagel has announced a moderately strong set of results for the first quarter 2013, with mild advances in both profitability and revenue in most of its core businesses. Read Full Article...
Kuehne + Nagel under pressure [04/Mar/2013]
The departure of CEO Reinhard Lange has heightened the sense of surprise around the changing fortunes of Kuehne + Nagel. Alongside results that suggest Kuehne + Nagel is experiencing difficulty passing-on cost increases to its customers, it is now facing management restructuring on a significant scale. Read Full Article...
Logistics providers must improve their e-commerce offerings, says new report [01/Mar/2013]
Although Europe's e-commerce market is growing dynamically, a new report by Ti warns that mail, express and logistics providers are yet to develop the sophisticated systems which e-retailers demand. Read Full Article...
Norbert Dentressangle defies market with impressive results [01/Mar/2013]
Norbert Dentressangle had a surprisingly good year in 2012, with both sales and profits rising. In an information release yesterday (February 28), the company stated its turnover had climbed 8.5% and net income was up 18%. Read Full Article...
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