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UPS reported 14.5% year over year revenue growth in Q2’21 with a 7.1% drop in domestic, deferred package deliveries being offset by higher shipping rates and a surge in freight forwarding revenues. The domestic package decline was because “many of our brick-and-mortar enterprise... Read more →
Logistics provider UPS has reported a 21.0% year over year increase in revenues for Q4’20, beating analysts expectations by 9.0 percentage points. Outside the core package business there was a 40.1% surge in forwarding revenues, accelerating from 19.1% growth in Q3’20. The expan... Read more →
UPS has taken full control of its Vietnamese operations with a view to providing a more integrated set of third party logistics services to its customers. The firm’s region head has stated that “notwithstanding an emerging second wave, Vietnam is in a prime position for a quick ... Read more →
UPS has become the latest logistics firm to beat analysts’ expectations for Q2 with revenue growth of 13.3% year over year compared to a 4.0% decline in analysts’ forecasts. The firm has benefited from “changes in demand that emerged from the pandemic” according to C... Read more →
As the COVID-19 pandemic appears to start to wane and industrial economies reopen, our readers’ attention is starting to turn towards the next challenges facing global supply chains. Based on the most-read Panjiva Research last month, the focus has turned to the prospects of a renewed... Read more →
Rhetoric between China and the U.S. is worsening. The Chinese government has threatened to put an “unreliable entities list” in place to target companies that “fail to comply with market rules, deviate from the spirit of the contract” and other criteria. The list may... Read more →
The Trump administration could launch a Make in America plan to incentivize manufacturers to return to the U.S. – we screen for potential beneficiaries. China may put its “unreliable entities list” in place, bringing risks for the logistics industry. Also: PVH, H&M su... Read more →
UPS reported a 5.1% year over year increase in revenues in Q1, led by a surge in the domestic package business as home shopping took off on the back of COVID-19 lockdowns. The firm has also moved “millions of pounds of PPE and test kit” as part of the effort to tackle the pandem... Read more →
UPS saw a growth in revenues but drop in profits due to the coronavirus outbreak – the first signs in April are that trade is continuing to fall. Firms face a variety of financial impacts from COVID-19 with Sri Trang planning an IPO and Continental concerned about suppliers. Also: J.C... Read more →
The logistics industry may be seeing the first signs of an end to COVID-19 coronavirus related disruptions in China. Airfreight industry association IATA warned that the outbreak “has severely disrupted global supply chains” with data showing global airfreight volumes fell by 3.... Read more →
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