CSCSNA Market Information

UPS reports solid Q1 earnings results

In its first quarter earnings announcement today, UPS reported strong annual gains that it said were paced by its U.S. Domestic and International small package groups.

Quarterly revenue was up 3.2 percent annually at $14.4 billion, with earnings per share up 13 percent at $1.27 for the fifth straight month of UPS growth (ahead of Wall Street expectations of $1.22 per share), as well as setting a new record for the first quarter.

Even though revenue was up annually, the company said ...

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The Logistics Behind FedEx’s 19% Surge in March

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Recharge Lithium in 2016

Lithium batteries continue to give headaches to shippers and operators alike.
Aside from numerous new and amended operator variations, the first Addendum for the 57th edition of the IATA DGR mandates a maximum SoC of 30 percent applicable to all Lithium Ion and Lithium polymer batteries shipped or contained in or packed with equipment:
“Lithium ion cells and batteries must be offered for transport at a state of charge (SoC) not exceeding 30% of their rated design capacity. Cells and/or ...

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New York area ports shut down after dock workers walk out

New York area ports shut down after dock workers walk out – Yahoo News

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Wall Street Question Amazon’s Logistics Plans

January 29, 2016

In the wake of Amazon.com Inc’s disappointing financial results that sent shares plunging Thursday, analysts blamed rising costs to deliver goods, which increased to $4.5 billion in the quarter, up 24.4 percent from the same quarter last year.

And they sharply questioned the company’s plans to continue to make heavy investments in logistics, even at the expense of profits.

They wondered why it was planning to buy more assets like trucks, and reportedly to lease jets, and worried it planned ...

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Ocean Cargo Carriers Face Rising Costs

November 17, 2015

The cost of operating cargo ships is forecast to rise over the next two years after falling in 2015, according to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by global shipping consultancy Drewry.

This forecast comes at a time when supply chain managers are concerned about further consolidation in the industry. As reported in SCMR recently, ocean carriers are facing a variety of over-capacity issues. Also, several carriers are in various ...

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UPS Pilots (Independent Pilots Association) Vote To Authorize Strike Against United Parcel Service

 

By Jerry Hempstead
(10/23/2015)
Today the UPS pilots overwhelmingly voted to go on strike. Or did they? (You can read the press release here)

The UPS pilots are bound to the negotiation table and so can’t strike.

So what really happened, what does it mean, and why does this matter.

What did happen is that the pilots voted to overwhelmingly  back their union negotiators. They want to send a signal to the arbitration board that they are not happy with the ...

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What Does the Future Hold for Freight Forwarders?

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FedEx TNT Acquisition Headed in Right Direction

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UPS Rolls Out 2016 Rate Increases

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