The courier faces the possibility of a union strike of its 330,000 workers as the company negotiates to replace a five-year labor contract that expires on July 31.
The report also found that global transportation costs have fallen below their long-term average thanks to lessening pressures on shipping, rail, air and road freight.
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Stefan Paul believes Kuehne + Nagel is well positioned to weather freight volatility and that a cargo recovery could begin as soon as the second half of this year.
AEA, a New York buyout firm that traces its roots to the Rockefeller and Mellon family fortunes, had been working with Barclays Plc on the potential divestment of Scan Global.
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The latest news, analysis, services and systems regarding freight forwarding and customs brokerage and their impact on global supply chains. Today’s companies are transporting and delivering goods to more global customers than ever before using freight forwarding and customs brokerage solutions that manage international business logistics and customs clearance. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using freight forwarding and customs brokerage solutions to power their supply chains.
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