Prep for Freightos – The Loadstar

ID 108350918 © Teodor Lazarev | Dreamstime.com Swings. Now worth a tiny little fraction of its peak value on debut in late January and down 75% from IPO in Q1 23, Freightos stock (CRGO) rose about 22% to $2.5 last Friday in a weak market overall. The likely catalyst? You read it here: …

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Will Royal Mail ever make a profit?

Concerted efforts to improve efficiency Weakened demand International Distributions Services (IDS) published its full-year results last week. As expected, they didn’t make for easy reading. The group reported a £748mn operating loss, down from a £577mn profit the previous year.  A robust performance from European courier GLS did little to …

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Massive fire destroys historic post office in Philippines

A massive fire has ripped through an historic post office building in the capital of the Philippines. The fire started before midnight in the basement of the neoclassical, five-storey building in Manila and was brought under control on Monday morning more than seven hours after it began, firefighters said. An …

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