Logistics

No Deal Yet On Extending Ukraine Grain Deal, UN Proposals In Focus

Ukraine, Russia, Türkiye and the United Nations discussed on Thursday UN proposals to extend a deal allowing the safe Black Sea export of Ukraine grai...

Thai Union Reports Decline In Sales, Profit In Q1 2023

Seafood giant Thai Union has reported a 41.5% decline in net profit to THB 1 billion (€27 million) in the first quarter of its financial year.

Shopify Divests Logistics Arm To Flexport In Strategic Reversal

Shopify has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, t...

Maersk Reports Lower Container Volumes, Keeps Full-Year Guidance

Shipping group Maersk has reported first-quarter earnings above expectations and maintained its profit guidance for the full year even as container volumes...

Kuehne+Nagel Profit Falls Yet Beats Forecasts, In 'Challenging' Markets

Freight forwarder Kuehne und Nagel's operating profit fell 45% in the first quarter, but exceeded forecasts, as markets and supply chains recovered from pa...

Danish Logistics Firm DSV Eyes Recovery In Global Trade Volumes

Denmark's DSV has predicted a recovery in global trade volumes after the firm surpassed profit forecasts in the first quarter despite seeing lower volumes...

Pernod Ricard Upbeat On Q4 As Consumer Demand Recovers In China

French spirits group Pernod Ricard reported a bigger-than-expected decline in third-quarter sales but said it was confident of delivering a strong performa...

Philip Morris Trims Annual Profit Forecast On Elevated Costs

Marlboro maker Philip Morris International Inc cut its full-year profit forecast on Thursday, hit by rising tobacco leaf prices, energy and labour costs.