Hints and tips:
...The letter, seen by the Financial Times and first reported by Reuters, was signed by the largest US carriers as well as the air freight arms of two of the biggest logistics groups, UPS and FedEx....
...And it seemed like freight forwarding was just the poster child for this....
...It may be that the COVID-19 crisis provides an opportunity for big pharma to regain some of the ESG-related ground it has lost in recent years....
...Amazon has sought to expand its own shipping operations, both on the ground and in the air, to cut freight costs and speed up deliveries of its customers’ orders....
...Mike Regan, whose consultancy TranzAct Technologies advises shippers on logistics, warns it will last well into 2019. “Call it the freight-pocalypse,” Mr Regan says....
...UPS tumbled by the most in nearly six months on Thursday, with $3.3bn wiped off its market value, after the US package delivery and logistics company cautioned that the strong growth of the first six months...
...It is likely that Amazon will build its logistics offering from the ground up, acting as a market disruptor by automating the ordering, shipping and delivery process....
...How Seoul ultimately handles Hanjin Shipping’s collapse will set the tone for future restructuring of Korea Inc....
...In the supply chain and freight logistics business, operating profits excluding the accounting charges were up 11 per cent at $199m, on revenues up 6 per cent at $2.61bn....
...Established logistics companies have long sounded sceptical about how quickly unmanned aerial vehicles can compete with well-established rivals such as freight aircraft and delivery vans....
...While express parcel and logistics operators such as UPS and FedEx are vulnerable to swings in world economic demand, they are also exposed to changes in air cargo capacity....
...It had revenues of €410m in 2011 ASL Aviation commits to continue supplying TNT Express’s air freight needs after a merger while its integration with UPS is under way....
...UPS managers say the air freight decline reflects a transfer of lower-value, less urgent items from air to sea as high fuel prices have pushed up air freight costs and slack demand has reduced urgency....
...Exporters regained some ground as bargain-hunters moved in, although concerns about the recent strength of the yen remained....
...Singapore tumbled to a four-week low as financials and property stocks lost ground....
...By September, Deccan 360 expects to also operate six ATR-42s as feeder aircraft running to smaller Indian cities and to have its ground operations up and running....
...Higher freight rates boosted shipping stocks. Nippon Yusen leapt 5.1 per cent to Y1,213 while Mitsui OSK gained 2.9 per cent to Y1,971....
...Kühne & Nagel and Panalpina fell after the news that competition authorities had raided the logistics groups’ premises on the grounds of alleged anti-competitive practices....
...Mr Smith believes the small package and light freight markets are fundamentally different from – and more attractive than – the logistics and heavy freight businesses being pursued by Deutsche Post, UPS...
...The improved results were driven by double-digit revenue growth in all three of the company’s main delivery businesses: express, ground and freight....
...The addition of a ground freight capability in the US appeared to complement UPS's acquisition last year of Menlo Worldwide Forwarding, an international air freight operator....
...Mr Davis said UPS was interested in making further acquisitions in the logistics and freight-forwarding sectors as it seeks to diversify into a broader range of supply chain services....
...Mazda closed 0.6 per cent to Y331, and Honda edged up 0.2 per cent to Y5,380....
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