A drop of 47.2%! Kuehne & Nagel announced its results for the first half of the year; a car freighter caught fire in the waters near the Netherlands!

NO.1 decreased by 47.2%! Kuehne & Nagel announces first-half results

Recently, the freight forwarding company Kuehne & Nam, which ranks first in the world's sea and air freight forwarders, announced its results for the first half of the year. Kuehne & Nagel Group achieved a net operating income of 12.72 billion Swiss francs, a year-on-year decrease of 38.3%; gross profit reached 4.65 billion Swiss francs, a year-on-year decrease of 21.2%; profit before interest and taxes (EBIT) was 1.14 billion Swiss francs, a year-on-year decrease of 48.3%; The profit for the period was 860 million Swiss francs (about 995 million U.S. dollars), a year-on-year decrease of 47.2%. The conversion rate of the group remained at a high level of 24%.

Among them, maritime logistics achieved net revenue of 4.86 billion Swiss francs, a year-on-year decrease of 50.8%; profit before interest and taxes was 640 million Swiss francs, a year-on-year decrease of 47.1%.

Air freight logistics achieved net revenue of 3.52 billion Swiss francs, a year-on-year decrease of 44.4%; profit before interest and taxes was 290 million Swiss francs, a year-on-year decrease of 64.5%.

Land logistics achieved net revenue of 1.87 billion Swiss francs, a year-on-year decrease of 7.9%; profit before interest and taxes was 93 million Swiss francs, a year-on-year increase of 16.2%.

NO.2 UPS reaches preliminary nationwide contract agreement with Teamsters

UPS has reached a preliminary nationwide contract agreement with the Teamsters, a US trucking workers union. The agreement covers about 230,000 UPS employees and aims to improve employee treatment and working conditions. Highlights of the agreement include salary increases, lowering the threshold for temporary workers to become full-time employees, and increasing retirement benefits for some employees.

This preliminary agreement will enter the approval process within the union. If approved by union members, it will become a new contract agreement and bring long-term labor and capital stability to both parties.

NO.3 The throughput of the Port of Oakland in West America decreased by 26.5% year-on-year in June

Recently, Oakland, a well-known port in the western United States, announced its throughput data for June.

Data show that the throughput of the Port of Oakland (Oakland) in June was 120,433 TEUs, a year-on-year decrease of 26.5%; among them, the volume of imported containers decreased by 30.6% to 66,295 TEUs; the volume of export containers decreased by 20.8% to 54,138 TEUs.

Additionally, the Port of Oakland’s empty container exports fell 40.9% to 23,879 TEUs in June 2023, while empty container imports fell 2.3% to 11,516 TEUs.

NO.4 HMM announces new GRI from northern India to East Coast of South America

It is reported that HMM recently announced a new GRI from northern India to the east coast of South America. Seoul-based shipping company HMM has announced that it will increase the general freight rate (GRI) for cargo from northern India to the east coast of South America (ECSA), including ports in Brazil, Argentina and Uruguay.

From August 13, HMM will apply the GRI of USD 200 per TEU and USD 400 per FEU and high cubic container. "All other ancillary charges applicable at the time of shipment will continue to be assessed on the basis of the quoted ocean freight rates," the company noted in a statement.

NO.5 A freighter carrying nearly 3,000 cars caught fire in the waters near the Netherlands

Source: World Wide Web Invasion and Deletion

Based on reports from Reuters, the Associated Press and other foreign media on the 26th, a fire broke out on a cargo ship near the waters of Ameland in the Netherlands, killing one crew member and injuring many others. The freighter plans to travel from Bremerhaven, Germany to Port Said, Egypt, with nearly 3,000 vehicles on board. At present, all personnel on the freighter have been evacuated, but the fire on the freighter has not yet been extinguished.

According to Reuters, a spokesman for the Dutch Coast Guard said that there were 2,857 vehicles on the freighter, 25 of which were electric vehicles, making it more difficult to control the fire. The spokesperson also revealed that one of the 25 electric vehicles on board was suspected to be the source of the fire.