Revenues improved 6.1% driven by double-digit increases in international export volumes, growth, and firm pricing in the US package business, and gains at UPS Freight.

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Regional subsidiaries of less-than-truckload transportation and global logistics services provider YRC Worldwide Inc. (YRCW) will cease operations at 27 service centers that will result in charges of $30 million, according to a Reuters news report. This news comes on the heels of YRCW’s investor meeting, which was held in New York last month, when it said it was planning to go forward with a “regional recovery plan.”

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French logistics group Geodis, one of the largest road freight operators in Europe, has given an early indication as to the state of the European freight industry in 2007 and prospects for 2008.

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In order to return to profitability, A.P. Moller - Maersk is focusing on being competitive and cost effective. The process also encompasses our Technical Organisation responsible for crewing on Danish vessels and our findings show that Maersk need to make some significant changes relating to the shipboard operation and the cost of operating under Danish flag. This will result in layoffs of about 200 Danish chief stewards and Danish ratings aboard Danish flagged container and tanker vessels. These positions will be replaced with international crew.

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Maersk Line, the container shipping division of the A.P. Moller – Maersk Group, announces the details of its new strategy to drive the turnaround of the business and return to sustainable profitability. The global organisation to be reduced by 2,000 to 3,000 positions.

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Manufacturers are always looking for a way to lower costs, and right now, with the trucking industry caught in a slump, 2008 should see some of the lowest pricing for transportation since the recession at the start of this century.

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In economic terms, 2007 will be remembered for a shift from a China-fuelled boom to a property-focussed bust. The present crisis in the global banking and credit system is so acute that some more cautious commentators are already describing it as a “blow to the Anglo-Saxon economic model”.

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November volumes indicate a drop in container traffic at retail container ports, according to the National Retail Federation and Global Insight.

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CEVA Logistics, the global contract logistics and freight management group created from the merger of the former TNT Logistics and Eagle Global Logistics (EGL), is looking to achieve more than 60% total growth in annual revenue over the next three years with a view to hitting €10bn (US$13.5bn) in 2010. Profit-wise, the aim is to sustain a margin of about 5.5%.

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Profit before depreciation, etc. for the first nine months of 2007 increased in USD by 28% compared to the same period in 2006. Unchanged from the interim report of 29 August 2007, the total net profit for 2007 is expected to be in the order of 20% above the 2006 net result of USD 2.7 billion.
Nils S. Andersen, Maersk Group CEO, says:

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