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Mr. Skou said the strategy should help insulate Maersk from the boom-and-bust cycles of the container industry. “Our strategy is not to gain market share in ocean,” Mr. Skou said. “When the customers themselves suffer from the effects of economic decline, volume can’t be conjured out of the thin air,” Mr. Skou said. He said the company is trying with its logistics investments “to break away from the cyclicality of the shipping industry and the commoditized nature of traditional container shipping. “We are well on the way towards a significant market position in the logistics industry,” Mr. Skou said.

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Quarterly revenue rose 20.5% year-on-year to 171.66 billion pesos ($8.66 billion), driven by increased sales across markets and beating the Refinitiv consensus of 163.17 billion pesos. Operating costs rose in almost all of Femsa's divisions, including a 69.4% jump in its logistics and distribution business on increased transportation and labor costs. Earnings from companies in which Femsa has controlling stakes, including Dutch beer maker Heineken (HEIN.AS), also took a hit in the quarter, Femsa said. Femsa's core earnings, or EBITDA, for the quarter rose 14.4% to 23.20 billion pesos. Revenue at Grupo Nos, Femsa's convenience store joint venture with Brazilian energy firm Raizen (RAIZ4.SA), surged 156% from the year-ago quarter.

☆ Amazon is forcing some logistics employees to relocate to Phoenix or lose their jobs, a sign that its 'return to an office-centric culture' is finally here
▼ + stars: | 2022-10-26 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

Amazon told employees of its logistics operations center they must go into the office in person. Many of those employees were hired as remote workers in the past two years, meaning some will be forced to relocate to the hub's Phoenix offices – or lose their jobs. The freight logistics hub these employees work at, called the Relay Operations Center, is responsible for responding to unexpected shipping disruptions. Inside Amazon, remote work remains popular. Relay Operations Center employees did not take the survey, the results of which were obtained by Insider.

☆ UPS reaffirms its outlook for 2022 as it posts mixed quarterly results
▼ + stars: | 2022-10-25 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

United Parcel Service driver pulls away after making a delivery in Washington, D.C.United Parcel Service reported mixed third quarter results Tuesday morning, posting earnings that beat analyst expectations and revenue that fell short of predictions. Revenue $24.16 billion vs. $24.30 billion expected. UPS also reaffirmed its outlook for full-year revenue of $102 billion and adjusted operating margin of about 13.7%, despite what CEO Carol Tomé called a "very dynamic" macroeconomic environment. The company did scale back its expected capital expenditures to $5 billion from about $5.5 billion, however. The services sometimes use UPS vehicles and can also consolidate shipments into other vehicles and their routes.

☆ ADNOC invites banks to pitch for IPO of logistics unit- sources
▼ + stars: | 2022-10-20 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +3 min

LONDON, Oct 20 (Reuters) - State oil firm Abu Dhabi National Oil Company (ADNOC) has invited banks to pitch for roles in an initial public offering of its marine services and logistics unit, two sources with knowledge of the matter said on Thursday. Reuters reported last year that ADNOC was weighing a potential float of ADNOC Logistics & Services (ADNOC L&S) in 2022. Banks are pitching for roles this week on the latest IPO of an ADNOC subsidiary, planned for next year, the sources said. ADNOC L&S delivers crude oil, refined products, dry bulk and liquefied natural gas from Abu Dhabi to its international customers. ADNOC began floating units in late 2017, raising $851 million in an IPO of its fuel distribution unit.

☆ Mississippi River water woes, retail overstock trailers: Latest supply chain stresses for economy
▼ + stars: | 2022-10-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

The towboat Roberta Tabor pushes barges up the Mississippi River in Granite City, Illinois, US, on Friday, July 9, 2022. Bloomberg | Bloomberg | Getty ImagesAccording to the National Weather Service Memphis Office, the Mississippi River is projected to tie the all-time record of -10.70 feet, either later today or tonight. The Mississippi River is a vital waterway for trade and the lower water levels have impacted the amount of commodities that can be imported or exported out of New Orleans. "Our members depend upon adequate water levels in the Mississippi River system, to reach domestic and international export markets. The East Coast congestion has had a massive impact on vessel reliability.

☆ Warehouses Get a Makeover as Companies Seek to Appeal to Workers
▼ + stars: | 2022-10-11 | by ( Liz Young | ) www.wsj.com time to read: +5 min

Retailers and distributors are looking for their newest warehouses to do more than store goods these days. The average wage for warehouse workers rose from $17.39 an hour in May 2019 to $18.38 in May 2021, according to the most recent BLS data available. Amazon.com Inc., which has added tens of thousands of warehouse jobs in recent years as it has expanded its logistics network, recently said it would raise average starting pay for warehouse workers to $19 an hour. Other companies have faced questions over the treatment of workers in jobs that can require long hours of walking and lifting. The drug distributor says automation at the site, including robotic pickers, is also aimed at relieving human workers of the most strenuous activities.

Amazon’s purchase of the Belgian business is the latest in a string of buys the e-commerce giant has made to automate its logistics operations. The e-commerce giant has targeted 66 planned or existing facilities in what experts say amounts to a reconfiguration of its fulfillment in local U.S. markets. Companies including Norfolk Southern and Union Pacific are still negotiating with two unions ahead of a Friday deadline. Newell Brands Says Retailers Are Cutting Consumer-Goods Orders The conglomerate scaled back its sales outlook, signaling retail supply chains are retrenching as they head into the fall. Retailers Start Selling Something New: Logistics Services The lineup of retailers seeking to sell supply-chain services to other merchants is growing, raising questions about control, competition and customer experience.

☆ Mercadolibre, Brazilian airline Gol announce logistics partnership
▼ + stars: | 2022-04-19 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterAn aircraft of Gol Linhas Aereas Inteligentes SA prepares to depart from Congonhas airport in Sao Paulo, Brazil September 11, 2017. REUTERS/Paulo Whitaker/File PhotoSAO PAULO, April 19 (Reuters) - Mercadolibre Inc (MELI.O) and Brazilian airline Gol Linhas Aereas Inteligentes SA (GOLL4.SA) on Tuesday announced a 10-year logistics partnership for cargo transportation in the South American country. Register now for FREE unlimited access to Reuters.com RegisterWith the deal, Gol said it expects its logistics unit GOLLOG to add 100 million reais ($21.43 million) in revenue in 2022 and 1 billion reais over a five-year period. The airline also said it will save about 25 million reais in 2022 and 75 million reais in 2023 thanks to the partnership, as it updates its aircraft fleet. ($1 = 4.6654 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Aluisio Alves; writing by Gabriel Araujo; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

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