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Jan 6, 2025 | 
ti-insight.com | Richard Shrubb
UK warehousing, distribution and logistics giant Culina Group has reported operating profit down by an estimated 22.0% y-o-y to £111.569m in 2023, the latest available data. Revenues were up 3.5% to £2,218m in the same period. Thomas Van Mourik stands aside as CEOAfter 30 years at the helm of Culina Group, in March 2024 Thomas Van Mourik stood aside as CEO of the company, becoming Group Chairman as of October 2024. He was replaced by Culina Group chilled business CEO Ian Smith.
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Dec 9, 2024 | 
diariodetransporte.com | Richard Shrubb
Según Esendex, las entregas de compras online durante el Black Friday en Inglaterra se verán obstaculizadas por una escasez de 11.000 repartidores y 10.000 conductores de vehículos pesados.
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Sep 26, 2024 | 
ti-insight.com | Ti Insight |Richard Shrubb
In late September Ti Research Analyst Richard Shrubb attended part of the Charged Engineering Conference where Mark VanWingerden, Global Product Strategy Manager, eMobility, Eaton explained that in planning a battery electric truck (BET) fleet it pays to give substantially faster charges than the minimum. Ultimately such infrastructure costs less to install and keeps more of a BET fleet ready for action.
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Aug 28, 2024 | 
createsend.com | Thomas Cullen |Richard Shrubb |John Manners-Bell
No-one said growth and consolidation in the logistics sector would be easy, and this week’s briefs are a reminder of that. Schneider National has – according to Ti analyst Richard Shrubb – landed on the dreaded less-green grass following its split from former partner BNSF. Read the full results with analysis here. Logistics service provider DSV and a consortium of businesses led by the investment company CVC Capital Partners remain in the ‘race’ to buy Schenker.
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May 15, 2024 | 
ti-insight.com | Ti Insight |Richard Shrubb
Double digit volume growth in nearly all segments bar logistics belied far smaller revenue growth across the board at Middle Eastern logistics player Aramex in the first quarter of 2024. International express and all freight forwarding volumes all saw high double digit growth in volumes, even while overall revenues grew just 8% y-o-y to USD $419.5m, and EBITDA grew 18% y-o-y to $49.3m.
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Mar 31, 2024 | 
dorseteye.com | Richard Shrubb
There have been many suggestions recently concerning just how environmentally questionable electric vehicle batteries are. In the interest of balance, I felt it was necessary to give a response from a more neutral position. Having worked in the electric vehicle industry for 8+ years, I have a certain expertise, and I can’t dispute that the majority of EV batteries today have cobalt and nickel in them, sourced from Russia, Ukraine, and the Congo. These batteries will be old hats soon.
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Aug 29, 2023 | 
ti-insight.com | Richard Shrubb
Canada Post has blamed increasing competition in the e-commerce parcel delivery market for its growing losses this financial quarter. Operating profit across all segments fell to -C$167m (Q2, 2022, -C$64m) on revenues that dropped to C$2,340m. from C$2,465m The Canada Post segment’s growing losses was responsible for the majority of the -$167m loss made by the government-owned yet financially independent corporation.
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Aug 10, 2023 | 
ti-insight.com | Richard Shrubb
Revenues and net losses were down in the third quarter of the financial year at the US Postal Service. Management are working hard to drive efficiencies into the operation through the Delivering for America strategic plan. So far the chief drop in losses comes from the recent Postal Reform Act as opposed to a genuine turnaround in financial standing. Overall revenues dropped 0.6% compared to Q3, 2022 to $18,625m.
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Aug 8, 2023 | 
ti-insight.com | Richard Shrubb
A US nationwide reorganisation of its fulfilment centre network has enabled high triple-digit operating profit growth in Amazon’s North American online sales for the financial quarter to June, 2023. Overall net sales at the online giant grew 11% y-o-y to US $134,383m and operating profit grew 132% y-o-y to US $7,681m. Broken down regionally, its North American net sales grew 11% y-o-y to US $82.5bn and International were up 10% y-o-y to US $29.7bn.
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Aug 1, 2023 | 
ti-insight.com | Richard Shrubb
Strong growth in B2C parcel volumes helped Poste Italiane to a 9.9% increase in EBIT in the second quarter of the financial year compared to Q2, 2022. Poste Italiane’s EBIT grew to €799m compared to the same period in 2022 when it took €727m. Revenues were up 8.5% in the same period to €3.007bn.
