German logistics giant DHL reported very strong third-quarter results on Thursday, with revenue up 23.5 percent , to $23.1 billion; operating profit up 28.6 percent to nearly $2.1 billion; and operating margin up from 8.5 percent to 8.8 percent. The company also raised its EBIT forecast for 2021 to a record $8.9 billion, up from …
DHL Raises Full-Year Estimates After Strong Q3 Results! Read More »
With congestion at the ports of Los Angeles and Long Beach set to continue through 2022, Canadian Pacific Railway (Canadian Pacific, CP) is reportedly seeking customer opportunities to shift freight to Western Canadian and Atlantic Canadian ports, company executives said during its third-quarter earnings call. “Many shipping lines are concerned about making changes in the …
FedEx has announced it will increase package prices in 2022, along with new or rising surcharges, according to reports. Effective Jan. 3, the company will increase charges for domestic import and export services in the U.S. by an average of 5.9 percent, an increase that will also apply to Canada and Mexico. The rate increase …
Due to rising costs, FedEx says it will raise shipping rates and add surcharges Read More »
German logistics giant Deutsche Post DHL reported on Tuesday that its 2020 operating profit reached about $5.8 billion, up from initial estimates of $4.9-5.3 billion and largely in line with the company’s preliminary results disclosed in January. DHL also forecast operating profit of about $6.6 billion for 2021, slightly higher than its initial forecast in …
Congestion at the U.S. Southern California ports of Los Angeles/Long Beach is spreading north and east. Shipping companies are pre-empting the congestion at the ports of Los Angeles and Long Beach to reroute to Oakland for berths, and long lines are starting to form for ships waiting to enter the Port of Oakland. According to …
Attention re-export trade! Vietnam introduces new regulations on temporary in and then out, re-export goods trade operation. According to Vietnam News Agency, the Ministry of Industry and Trade of Vietnam Import and Export Bureau revealed that according to the Ministry’s Circular No. 9, since January 1, 2021, for temporary in and out of goods and …
1 minute, China’s inbound and outbound goods worth 60 million, foreign trade is growing rapidly Do you know how much is the value of goods entering and leaving China every minute? The answer is 60 million RMB. This is the Xinhua reporter learned from the Ministry of Commerce on the 26th data. Put under the …
The National Bureau of Statistics data show that in the first 10 months of 2020, China’s total exports of goods 14,329.6 billion yuan, an increase of 2.4%; at the same time, the trade structure continues to optimize. In the first 10 months, exports of mechanical and electrical products grew by 3.8% year-on-year, accounting for 59% …
From November, these three types of recycled raw materials do not belong to solid waste and are allowed to be imported freely. On October 19, 2020, the Ministry of Ecology and Environment and four other departments issued the “Notice on Matters Relating to the Regulation of Import Management of Recycled Brass Raw Materials, Recycled Copper …
According to recent foreign media reports, as the traditional year-end shopping season is approaching, air cargo capacity will be in tension, and business passenger flights will still be affected by the new crown pneumonia epidemic, so United Parcel will significantly increase the business season in mainland China and Hong Kong to Europe and the United …
UPS Surcharge Increases Significantly, DHL Express Tariff Increases 4.9% Read More »