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TRUCKING INDUSTRY * WORLDWIDE
* Japan - Kintetsu World Express Profit Plunges
Chiyoda-Ku,Tokyo,Japan -The Journal of Commerce Online, by Hisane Masaki -Nov 11, 2009: -- Forwarder says world economy not fully recovering, Japanese economy “still stuck”... Kintetsu World Express, Japan's second-largest international forwarder, suffered sharp drops in revenue and profit in the first half of fiscal 2009... The Tokyo-based company attributed the poor financial results in the April-September period to the serious slump in demand for both air and sea cargo services amid the weak global economy... KWE's group revenue fell 38 percent in the half, from the same six-month period of last year to $1.1 billion. Group operating profit plunged 51 percent to $30.8 million, and group net profit nose-dived 56 percent to $16.4 million... Operating revenue in the Americas sank 40 percent to $145.76 million, and operating profit in the Americas dropped a whopping 65 percent to $5 million...Labels: trucking industry worldwide
posted by Unknown @ 5:34 AM
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