Chris Lewis
UPS says its first quarter consolidated revenues for 2023 were 6% down on Q1 2022, at $22.9 billion.
Internationally, revenue decreased by 6.8%, driven by a 6.2% reduction in average daily volume due to lower domestic volume and softness in China trade lanes.
Consolidated operating profit was $2.5 billion, down 21.8% compared to the first quarter of 2022, and down 22.8% on an adjusted basis.
Chief executive Carol Tomé, said: “In the first ...
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The British International Freight Association (BIFA) has promoted Graeme Wilkinson to training development manager. He joined BIFA's training team in 2017 and has played a major role in the re-design of all of BIFA's training materials since it took its extensive portfolio of training and education activities in-house, replacing an ...
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The UK has a new cargo airline operating a Boeing 747-400 freighter, after the UK Civil Aviation Authority (CAA) granted an Air Operators’ Certificate to One Air. After successfully completing its proving flight in July 2022, the new airline iexpects initial demand for flights from the UK to Europe, the ...
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The Port of Rotterdam handled 1.5% less freight In the first quarter of 2023, than in the same period last year. In total, 111.7 million tonnes were handled compared with 113.4m tonnes in the same period in 2022. The fall was mainly concentrated in the container and breakbulk segments. Throughput ...
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Shoreham Port has been recertified as an EcoPort, marking a full decade of the internationally recognised title for ports that do their utmost to embrace sustainable processes and action.
EcoPorts is an initiative of the European port sector, seeking to increase awareness about environmental challenges, deliver compliance with legislation, and to ...
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Hutchison Ports says its BEST terminal in Barcelona is one of the greenest container hubs in the Mediterranean thanks to the design of its infrastructure and the way it conducts its operations. In 2022 it eliminated Scope 2 emissions by opting for 100% renewable electricity.
Hutchison Ports BEST chief executive Guillermo ...
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Hapag-Lloyd has completed its acquisition of 40% shareholding in India’s JM Baxi Ports & Logistics , announced in January 2023, from majority shareholder the Kotak family. Terms of the deal were not disclosed.
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Rhenus UK is attributing steady growth in daily services from the UK to Europe in part to the introduction of the French Reverse Charge VAT regulation, which came into force at the start of 2022.
Since 1 January last year, the VAT due on goods coming from outside the European Union, ...
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PD Ports has appointed Liz Law as chief financial officer and Andrew Crowe as chief commercial officer.
Liz Law (main picture) joins PD Ports from Royal Mail where she held several senior positions both in and outside finance, most latterly as the chief financial officer for Royal Mail UK.
Andrew Crowe (pictured, ...
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Logistics consultant Andy Cliff to run Manchester for Macmillan
Andy Cliff of Cheshire-based Straightforward Consultancy Ltd (SCL) is raising money for Macmillan Cancer Support by taking part in the Great Manchester Run on 21 May.
He says: “Having undergone treatment for skin cancer on two separate occasions, I have received great and ...
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