DHL used the phrase “persistently muted” to describe logistics markets over the past quarter and this probably accurately describes DHL’s performance in the third quarter as well. Results published earlier this week showed Revenue edging-up by 6.2% and Earnings Before Interest and Tax (EBIT) up 0.1% year-on-year.
Q3 road freight rates remained flat in the contract index q-o-q. In contrast the spot rate index fell by 4.4 points q-o-q. Overall both the spot and contracts rates indexes have fallen year on year.
Last May, CH Robinson announced that they were making considerable progress in exploiting generative AI to automate various points in the lifecycle of a shipment.
Donald Trump has already claimed victory in the US presidential election. But what will this mean for the US and global logistics industry? Ti’s CEO John Manners-Bell provides his immediate response to the result looking at some of Trump’s key policy commitments.
Valencia Port is limping back to cargo activity after it was forced to halt operations in the aftermath of severe rainstorms that lashed the country’s south-eastern region last week.
Things have become somewhat less tough at Kuehne and Nagel. Sales seem stronger and profits are up, if not a lot. The recently released results for the third quarter show that, for the whole company revenue was up 17% year-on-year, gross profit was up 5.2% whilst EBITDA (Earnings Before Interest, Depreciation and Amortisation) was up 2%.
Organisations are looking to their supply chains for solutions as they confront new challenges and opportunities in an increasingly frenetic global marketplace.
Speaking whilst presenting UPS third quarter results, Carol Tome CEO commented that “we said that the second quarter would not only be the bottom, but a turning point for our performance, and that we would return to revenue and profit growth in the third quarter, which we did.” The numbers do portray a revival of business.
The prospect of Donald Trump winning the forthcoming US presidential election ought to put the container shipping industry on alert, new analysis from Drewry Shipping Consultants has concluded, describing a potential second term as a “destructive risk to the container market”.
High inflation is becoming a memory, a post-pandemic fever dream that we’ve woken up from, but it lingers as a hazy memory as we lay up in bed heavy-headed and dazed. But in the real world, that heaviness is the drag of a much more expensive environment causing low demand and high interest rates which …