Supply Chain

Ripples from coronavirus hit DP-DHL profits for €60m this month

The impact of coronavirus has cost Deutsche Post-DHL’s group ebit between €60m-€70m ($66m-$77m) this month, it said this morning.
In a preliminary earnings statement for its 2019 results – which hit target – it said it could not predict 2020 with any accuracy, owing to the potential impact of coronavirus.
The group will publish its 2019 full-year results on 10 March, but said preliminary results showed revenues up 2.9% to €63.3bn, boosted …

The post Ripples from coronavirus hit DP-DHL profits...

https://theloadstar.com/ripples-from-coronavirus-hit-dp-dhl-group-for-e60m-this-month/

K+N profits up as it eyes expansion in Asia Pacific – the ‘global economic driver’

Kuehne + Nagel this morning reported a 9.3% increase in adjusted ebitda for 2019, on the back of higher ocean freight volumes and revenues.
It recorded group annual revenues of Sfr21.1bn (US$21.4bn) last year, a 1.5$ increase over 2018, while adjusted group ebitda was Sfr1.3bn compared with Sfr1.2bn the year before.
Chief executive Detlef Trefzger said: “In a changing market, we continued to see our strategy yield success. In sea freight and …

The post K+N profits up as it eyes expansion in Asia...

https://theloadstar.com/kn-profits-up-as-it-eyes-expansion-in-asia-pacific-the-global-economic-driver/

On the wires: Pyrrhic victory for ex-growth K+N is symptomatic of things to come

“In a changing market, we continued to see our strategy yield success. In seafreight and overland, our focus on customer service, cost-effectiveness, operational systems, and digitalisation has once again paid off. We managed to keep results stable in the more volatile airfreight business. In contract logistics, the restructuring of the product, customer and real estate portfolios led to a considerable improvement in results.”
– Detlef Trefzger, CEO of Kuehne + …

The post On the wires: Pyrrhic...

https://theloadstar.com/on-the-wires-pyrrhic-victory-for-ex-growth-kn-is-symptomatic-of-things-to-come/

EXCLUSIVE Market Insight: Agility’s GIL CEO departure dwarfs 2019 numbers

Trying to find sweet spots in Agility’s annual results this week – they were a few, well displayed too – I felt vindicated when I shared the view that in its current form, with infrastructure assets and Global Integrated Logistics (aka “GIL”; logistics/freight forwarding operations) under the same corporate umbrella, Agility may have no real reason to exist if, as management have been hinting, it plans to be acquisitive.
Problem is, for M&A …

The post EXCLUSIVE Market Insight: Agility’s GIL CEO...

https://theloadstar.com/exclusive-market-insight-agilitys-gil-ceo-departure-dwarfs-2019-numbers/

Flight cancellations and factory closures hit South Korea trade as coronavirus erupts

Coronavirus in South Korea has prompted flight cancellations and factory closures, with reports of capacity problems at ports and airports.
Reminiscent of China’s sudden isolation in late January, airlines around the world have cancelled or suspended Korea flights following a surge in virus cases in the city of Daegu, North Gyeongsang province.
As of today, there are 1,146 confirmed cases of virus and 12 deaths, according to local media.
In a status update …

The post Flight cancellations and...

https://theloadstar.com/flight-cancellations-and-factory-closures-hit-south-korea-trade-as-coronavirus-erupts/

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.