Integrators

MSC and Lufthansa in joint bid to take over Italy’s new ITA Airways

The vertical integration and modal mash-up continues. The Loadstar reveals today that a forwarder has started a shipping line and now a shipping line is looking at buying an airline.
MSC has told the Italian government it wants to buy a stake in the new airline, ITA Airways, which began operations in October, replacing defunct Alitalia.
And it’s doing it in partnership with Lufthansa.
As previously reported, Lufthansa has expressed an interest in …

The post MSC and Lufthansa in joint bid to take...

https://theloadstar.com/msc-and-lufthansa-in-joint-bid-to-take-over-italys-new-ita-airways/

Seko targets a slice of integrator market with launch of e-commerce unit

Seko Logistics is launching an e-commerce business unit to “lean into the integrators’ world” and boost its market in cross-border shipping, global fulfilment, heavyweight last-mile and returns.
It expects to develop the unit into a “multibillion dollar-plus” business by 2025.
“As a lot of the traditional e-commerce market drops down into the mail market, which leans into our commercial model too, we see a significant opportunity to lean into the integrators’ world …

The post Seko targets a...

https://theloadstar.com/seko-targets-a-slice-of-integrator-market-with-launch-of-e-commerce-unit/

UPS chief determined to stay positive, despite declining profits in Q1

A marginal upturn in revenue failed to compensate for what has been a difficult first quarter for UPS, ending  with a 17% drop in net income.
Despite this, the company had a positive tone during its investor call, turning to adjusted figures to find a glimmer of hope.
And one analyst noted that, while the results were “broadly mixed”, the company had weathered the competitive storm it had faced in recent years …

The post UPS chief determined to stay positive, despite declining profits in Q1...

https://theloadstar.com/ups-chief-determined-to-stay-positive-despite-declining-profits-in-q1/