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A muted third quarter for DHL


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.



Less tough times at Kuehne and Nagel


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%.


UPS sees better performance


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.

Dataset of the Month: Spluttering Manufacturing PMI Numbers


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 …