Snapshot: FM Logistic and Wincanton see sales boost…

It’s pure-play contract logistics operator-corner! A quick snapshot on two of the smaller PPCLOs – FM Logistic and Wincanton – which yesterday issued new financial updates showing solid revenue growth offset by rising costs. First up, France’s FM Logistic, which released its 2021 annual report that showed a 10.1% growth in revenues to €1.5bn, while EBIT, which came under “severe pressure”, declined 13.7% to €31.5m. CEO Jean-Christophe Machet explained: “Our EBIT for the …


Related Posts

EU grant means Dronamics’ green air cargo flights may take off in Q2

Dronamics wins €2.5 million EU grant, and says it can take off in Q2 next year, in the Mediterranean region. Source

Boxship charter market could see a deluge of sub-let surplus tonnage

Containership charter rates have stabilised in the past two weeks but daily hire rates could start to head south again soon. Source

Lufthansa Cargo launches freighter service to Hanoi, doubling capacity to Vietnam

PRESS RELEASE Expansion of the B777F route network in Asia Strengthening presence in the flourishing economic regions of Ho Chi Minh City and Hanoi 250 tons of cargo capacity per week supportsbusinessto andfrom Vietnam Only cargo airline with direct connection to Frankfurt hub Lufthansa Cargo has added Hanoi as a new destination toits global B777F…

DHL Supply Chain develops carbon-neutral warehouses for Europe’s key markets

PRESS RELEASE Real estate portfolio of Grade A, carbon neutral warehouses will support customers’ growth while meeting highest sustainability criteria Warehouses are strategically located to benefit from excellent multi-modal connectivity in proximity to core European logistics markets For the first tranche of warehouses under development, DHL Supply Chain has already entered into a purchase agreement with…

Apple supply chain disrupted by Foxconn protests and more Covid lockdowns

Violent protests have erupted at Foxconn’s iPhone factory in Zhengzhou, prompting renewed concerns over Chinese supply chains. Workers at Apple’s largest iPhone manufacturing hub clashed with hazmat-suited riot police – a protest at Covid restrictions and unpaid wages. Eight districts in Zhengzhou are under a five-day lockdown and Foxconn’s factory has been operating under “closed…

There may be light at the end of the supply chain tunnel of gloom

High inflation, energy costs, and interest rates, and a lack of labour, are the forecasts for 2023, for the logistics industry. Source

Leave a Reply

Your email address will not be published. Required fields are marked *