Maersk’s Logistics arm affected by destocking, ‘normalization’ trends
A.P. Moller-Maersk, parent of Maersk Air Cargo, reported first quarter revenue of $14.2 billion today, a year-over-year decrease of 26% ...
Tag: ACN
DHL forwarding arm impacted by ‘further post-pandemic normalization’
DHL Global Forwarding, Freight division followed its major competitors in posting a significant year-over-year decline in operating profit, revenue and ...
IATA: Air cargo sees moderate decline in March
Global air cargo markets continued to decline in March, a trend that began in March 2022, though the rate of ...
Lufthansa Cargo’s expected losses seen in Q1 results
Lufthansa Cargo today reported first-quarter revenue of $905 million, a drop of 30% from Q1 2022. Adjusted EBIT of $166.8 ...
Belly cargo spike may trigger overcapacity amid sluggish demand for air logistic
As airlines beef up passenger flights for the summer, a key question for air cargo players is if the subsequent ...
Steen to take the helm of Atlas Air Worldwide in June
Michael T. Steen has been named the new chief executive of Atlas Air Worldwide, replacing John W. Dietrich, who is ...
Expeditors sees 44% drop in revenue
Seattle-based logistics company Expeditors had a rough first quarter, with revenue of $2.6 billion, a 44% drop from Q1 2022. ...
Consultant’s Insight: Forwarders wait for signs of demand
As we enter the midpoint of the second quarter, there are few, if any, signs of a meaningful pickup in ...
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