Coverage desk
16 published stories
Lead story
UPS finalizes the purchase of German healthcare logistics specialists Frigo-Trans and BPL, adding temperature-controlled warehousing from -196°C to ambient and pan-European cold-chain transport to its Healthcare division.
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Danish logistics giant DSV finalizes its €143 billion Schenker purchase and announces a €1 billion investment in European road freight infrastructure, even as its trucking unit recovers from earlier service disruptions.
FedEx Corporation delivers its first complete quarter following the FedEx Freight spin-off, with GAAP revenue reaching $22.9 billion and adjusted EPS of $3.74 surpassing Wall Street expectations. The company raised its 2026 adjusted EPS guidance to $18.00-$18.60 and now projects approximately 12% revenue growth, while appointing Jamere Jackson as CFO effective November 30.
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Danish logistics giant DSV posted third-quarter results showing gross profit returning to growth, even as its road transport division continues recovering from earlier service disruptions. The company is simultaneously executing a massive workforce reduction following its 143 billion euro acquisition of DB Schenker.
The 1986 Sinotrans-DHL joint venture reaches its 40th anniversary with a new memorandum deepening contract logistics, freight forwarding, and air cargo coordination—offering procurement and logistics practitioners a template for Sino-foreign logistics partnerships under evolving trade policy.
DHL快递全球首席执行官蒋明燊指出今年空运运价高于去年同期，部分运力转向AI贸易。中外运敦豪成立40周年，累计投入超百亿元人民币，每周400余架次航班连接中国与世界。
CMA CGM booked Q2 revenue of $15.7bn (+19.2% YoY), EBITDA of $3.0bn (+31%) and net income of $770m (against $520m a year earlier); the 10-terminal UNITED PORTS venture with Stonepeak closed on July 28 — after a 58% profit slide in 2025, the family carrier's V-shaped rebound and its capital spending arrived together.
Maersk booked Q2 revenue of USD 15.8bn (+20% YoY) with EBIT of USD 1.6bn at a 10.0% margin, and lifted full-year underlying EBITDA guidance to USD 10.5-12.5bn; Ocean rates rose 22% and Terminals earned USD 458m — at the cycle bottom, volatility itself has become this integrator's earnings source.
Kuehne+Nagel booked Q3 net turnover of CHF 7.4 billion (+22%) and EBIT of CHF 435 million (+53%), raising full-year recurring EBIT guidance to CHF 1.5-1.6 billion; air freight volume growth accelerated from +3% in Q2 to +10% in Q3 — cloud infrastructure and semiconductors are becoming forwarding's newest commodity.
DSV booked Q3 revenue of DKK 80,702m (+10.5% YoY) and EBIT before special items of DKK 6,606m, up 19.5%; full-year guidance narrowed upward to "DKK 24,000-25,000 million" and the first post-acquisition buyback of DKK 1,500m is under way — the world's largest forwarder has entered the show-me phase of its integration.
JD Logistics booked H1 2026 revenue of RMB 124.7bn (+26.5% YoY) with external customer revenue of RMB 85.4bn growing faster than the group; other-customer revenue (express, freight, instant delivery) overtook the integrated supply chain segment in Q2 — the in-house logistics unit's merchant era enters its second half.
FedEx booked $22.9 billion of revenue and $3.74 adjusted EPS in Q3 CY2026 and lifted full-year revenue growth guidance to ~12%; the retained 19.9% FDXF stake took a $1.2 billion mark-to-market hit — the first complete quarter as a pure integrator shows both the logic and the friction of the breakup.
SF Holding booked Q3 revenue of RMB 82.22bn (822.2 亿元) and attributable net profit of RMB 2.71bn (27.1 亿元); September per-parcel revenue of RMB 14.94 (+7.71% YoY) has now risen for seven straight months — the pricing repair under China's anti-involution drive is rewriting the industry's competitive variables.
Sinotrans raises its stake in China Southern Logistics to 8%, paying RMB 1.04 billion at a RMB 208 billion valuation. The deal tightens ties between two central SOEs and advances a multi-modal logistics strategy combining air cargo, ocean freight, and ground networks.
UPS posted Q3 2026 revenue of $22.9 billion, up 6.7%, with adjusted EPS of $1.69 beating consensus, and raised full-year guidance for the second consecutive quarter. Average daily volume fell 4.2% while revenue per piece rose 7.7% — with the Amazon glide-down about half complete, the integrator's report card now scores pricing quality over parcel count.
