Evri gets ‘Premium’ boost from merger with DHL’s UK ecommerce division
UK customers of courier Evri are breathing a sigh of relief today, following the news that DHL’s UK ecommerce division will merge with the poorly rated company.
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UK customers of courier Evri are breathing a sigh of relief today, following the news that DHL’s UK ecommerce division will merge with the poorly rated company.
Q1 road freight contract rates index fell 2.3 points q-o-q. Spot rates fell more sharply, by 3.8 points q-o-q. However, year-on-year, the spot index was up by 1.6 points and the contract index rose 0.4 points.
Despite uncertainties on its major Transpacific and Asia-Europe trade lanes in the first quarter, German container shipping giant Hapag Lloyd achieved a 23.6% y-o-y growth in its operating profit (EBIT) on revenues that improved by 15.0% to $5,318m.
FERCAM, the Bolzano-based logistics provider, reported €706m in revenue for the 2024 financial year, representing a 5.8% increase on a like-for-like basis following a major structural change.
Where the relatively small air and ocean forwarding business saw strong revenue growth, all of Landstar Systems trucking businesses reported falls in volumes, rates and revenues in Q1, 2025.
Seoul-based CJ Logistics experienced strong growth in Q1 2025, despite challenges such as sluggish retail sales and a weak macroeconomic environment.
In Q1 2025, Nordic Transport Group (NTG) strengthened its growth trajectory with the acquisitions of Danish freight forwarder DTK and the UK-based group behind EDS Worldwide and Rolls Freight.
On a y-o-y basis, the USPS achieved almost no change in revenues at $19,704m in the quarter. As with most postal operators worldwide, the US Postal Service is transitioning from being a mail operator to one of a parcels carrier.
While net losses increased by 43.6% y-o-y to minus $56m in the first quarter at global contract logistics provider GXO, revenue improved by 21.2% to $2,977m.
Reporting a profit growth of over 600% y-o-y to $1,253m in Q1, Danish shipping giant AP Moller-Maersk’s leadership seems to believe that the Red Sea situation is likely to be more impactful than any China/US trade spat.
UAE based full service logistics company Aramex’s margins continue to be squeezed by existing clients’ preference for nearshoring.
For the fiscal year ending 31 March, 2025, NYK Line delivered solid top-line growth, with consolidated revenues reaching ¥2,588.7bn, an 8.4% increase from the previous year.