Home » Posts tagged with "profit"

Posts tagged with "profit"

CMA CGM net income jumps to $136M in Q2

CMA CGM net income jumps to $136M in Q2

Sep. 6 | CMA CGM improved its profitability in the second quarter of 2020 despite lower volumes amid the COVID-19 pandemic as it adapted fleet capacity to demand to increase freight rates. It is forecasting even better financial results in the third quarter. The...

Maersk improves Q2 profit despite sharp volume fall  

Maersk improves Q2 profit despite sharp volume fall  

Aug. 20 | A.P. Moller-Maersk saw improved profitability across all businesses in the second quarter of 2020 despite the sharp drop in global volumes following the COVID-19 crisis. “The COVID-19 pandemic impacted the global demand significantly in the second quarter,...

DHL reports 3.1% growth in revenue in Q2

DHL reports 3.1% growth in revenue in Q2

Aug. 8 | Deutsche Post DHL generated further growth in the second quarter of 2020 despite the impact of COVID-19. Group revenue increased by 3.1% to EUR16.0 billion (US$18.9 billion) year-on-year, while adjusted organic revenue growth was even higher at 4.6%....

UPS reports $20.5B revenue on pandemic-led demand surge

UPS reports $20.5B revenue on pandemic-led demand surge

Jul. 31 | United Parcel Service (UPS) announced better-than-expected earnings in the second quarter of the year on the back of a COVID-19 pandemic-related spike in home deliveries, healthcare shipments, e-commerce, and outbound demand from Asia. Consolidated revenue...

Kuehne + Nagel reports profit for air cargo, loss for sea freight in H1

Kuehne + Nagel reports profit for air cargo, loss for sea freight in H1

Jul. 22 | Kuehne + Nagel Group reported an overall decline in net turnover and EBIT in the first half and second quarter of 2020 as all divisions—except air cargo which posted gains—were affected by the pandemic. In a statement, Kuehne + Nagel said net turnover...

Box carriers secure profit in Q1

Box carriers secure profit in Q1

Jul. 20 | Despite the pandemic, container shipping lines were able to turn in a profit in the first quarter of 2020,  according to a report from Drewry. “Despite a sudden fall off in demand for their services, lines look set this year to make more money than...