Schneider National finds that the grass may not be greener
US trucking giant Schneider National has parted ways with its old railroad partner BNSF for a new relationship with Union Pacific.
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US trucking giant Schneider National has parted ways with its old railroad partner BNSF for a new relationship with Union Pacific.
Despite overall revenue growth of 18.9% y-o-y to $2,846m, operating profit fell sharply by 24.2% to $75m in Q2.
Evidence from the International Energy Agency (IEA) and Bloomberg New Energy Foundation suggests that peak sales of internal combustion engine (ICE) vehicles passed as long as eight years ago.
Ti’s Warehousing Cost Index details that warehouse costs have been rising steadily since Q1 2022, but y-o-y cost growth continues to slow.
Parcel volumes were up 5.6% y-o-y to 1,101m while parcel revenues grew 3.3% to £4,040m in the 52 week financial year.
Its small parcel service, Yu-Pack saw a 3.0% increase in volumes that didn’t offset the volume declines in mail.
Double digit volume growth in nearly all segments bar logistics belied far smaller revenue growth across the board for Aramex in Q1.
The new parcels offering USPS Ground Advantage helped improve revenues and reduce net losses in Q2 for USPS.
A 14.1% growth in revenue to €758.6m and operating profit growth of 8.7% y-o-y to €103.4m has put Austrian Post in a strong position.
Business wins worth an annualised $250m helped global pure play contract logistics player GXO Logistics to a 5.7% y-o-y growth in revenues
Ongoing costs associated with the USO and a new labour agreement has led to operating profits at PostNL fall to minus €9m in Q1.
Ti’s Warehousing Cost Index details that y-o-y cost growth has slowed substantially into Q4 2023, particularly in Western economies.