Staff costs represent about half of UTi's operating expenses. This significant leverage has been increasing faster than revenues during the last two years.A flurry of initiatives and acquisitions has the potential to distract management from increasing client relationships and cutting costs.Assets
Expeditors' asset-free model can handle the coming freight recovery with aplomb.
Pacer PACR produced positive, albeit small, third-quarter earnings of $0.02 per share. More material is the firm's renegotiation of its contracts with Union Pacific UNP well in advance of their 2011 expiration, in exchange for a much-needed $30 million cash infusion from the railroad. Given Pacer's
United Parcel Service's UPS 14.9% decline in third-quarter revenue and 410-basis-point operating margin erosion came as no shock, but we believe investors are more interested in the spark of volume recovery in the period's results. Shipping volume in most markets still compares unfavorably with the
Hub Group's HUBG third-quarter revenue declined 24% to $389 million, but this came as no surprise, given the soft freight market and year-over-year drop in passed-through fuel prices. Intermodal revenue declined 27% to $270 million as a result of 12% lower fuel surcharges, 9% lower volume, 4% ...
The strength of C.H. Robinson's CHRW non-asset-based model allowed the firm to post another round of impressive results despite the freight recession. Gross revenue declined 15.6% in the third quarter, driven primarily by lower volume, rates and fuel surcharges, but net revenue increased 0.3%,
FedEx's broad portfolio serves clients' need to ship to far points on the globe.