“In the third quarter of 2020, all three divisions delivered results above our expectations. Market conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management. We are happy …

What’s not to like about a company that posts a 16% year-on-year jump in quarterly revenues?
Umm, better ask UPS investors.
The Atlanta-based integrator released Q3 2020 figures at 0830ET on Wednesday and by 0930, the stock was off almost …

BLOOMBERG reports:

Marvell Technology Group Ltd. is nearing a deal to acquire Inphi Corp. for about $10 billion, according to a person familiar with the matter, adding to an already record year for chip industry deals.
Marvell will pay 60% …

Deutsche Welle reports:
France will enter a new coronavirus lockdown on Friday until at least December 1.
French President Emmanuel Macron announced the new restrictions in a speech from the Elysee palace after an emergency meeting.
New restrictions
– People …

A shortage of containers rather than space on box ships is the main driver of the unrelenting spike in freight rates on headhaul routes.
Moreover, the focus by carriers to reposition their empty equipment as quickly as possible back to …

Hapag-Lloyd has dealt a body blow to US shippers of soybeans and other agriculture exports with its decision to suspend carriage of container shipments of their produce from North America.
The suspension is the result of an acute shortage of …

Following calls that the supply chain sector needs to take Brexit preparations into its own hands, TT Club has announced the launch of a webpage offering “a wide variety of information that is likely to be of importance”.
The MD …