NO.1 Substantial salary increase! UPS reaches latest labor agreement
United Parcel Service (UPS) is the world's most valuable courier giant. The number of packages it handles accounts for nearly 25% of the total package volume in the United States, with approximately 24 million packages per day. But with rising inflation in the United States, the company is also facing increased labor costs.
According to the latest labor agreement reached by UPS and its employees, the new contract will increase the starting salary of part-time employees from the current contract salary of $15.50 to $21 per hour (about 153 yuan), and the maximum hourly salary of full-time employees will rise to $49. An experienced truck driver can earn up to $175,000 a year in wages and benefits (about 1.27 million yuan), more than high-paying occupations such as programmers.
NO.2 Orient Overseas announced the results for the first half of the year
Recently, Orient Overseas (International) Co., Ltd. (“OOIL”) announced its 2023 interim results. For the six months ended June 30, 2023, it recorded a profit attributable to shareholders of US$1.129 billion, compared with the profit for the same period in 2022. $5.664 billion. EPS of $1.71 per common share in the first half of 2023, compared to $8.58 per common share in the first half of 2022.
OOCL believes that, as everyone expected, the market conditions of running at a high level in the past two or three years have come to an end. From the middle of last year to the first half of 2023, freight rates are in a long-term and stable correction process. Compared with the highs in 2020-2022, the reduction is undoubtedly staggering in both absolute and relative terms, but it only reflects how far the freight rate market has risen.
NO.3 Lege’s revenue in the first half of the year was 1.678 billion yuan
Lege shares recently released the 2023 semi-annual report. During the reporting period, Lege achieved operating income of 1,678,047,500 yuan, an increase of 8.37% over the same period of the previous year; net profit attributable to shareholders of listed companies was 443,224,200 yuan, an increase of 239.76% over the same period of the previous year.
As of the end of the reporting period, in addition to self-purchased overseas warehouses and leased warehouses in the core hub port area of the United States, Lege also has overseas warehouses in Germany, Japan and other places, with a total of 12 warehouses worldwide, covering an area of 275,800 square meters, including 9 core ports and road-based port hub cities, covering the West, Central, South, and East of the United States, with more than 300 unloading platforms and 500 container berths.
NO.4 An oil tanker caught fire in the Beibu Gulf of Guangxi
At about 14:30 on August 22, the Shenzhen-registered tanker "Shengyou 229" (length: 117.4 meters, width: 16.5 meters, loaded with 6,858 tons of diesel oil.) was in the Beibu Gulf of Guangxi (approximate position: 21°28 ′50″N, 108°40′09″E) was on fire, and it was initially verified that there were 17 people on board.
After the incident, Qinzhou City immediately launched an emergency plan, organized emergency response, maritime affairs, coast guard, fire protection, public security, ecological environment, health and other departments to go to the scene for rescue and disposal, and coordinated 3 coast guard ships, 3 coast guard ships, and professional rescue One ship, four tugboats, and one cleaning ship went to the waters where the incident occurred to carry out personnel search and rescue, fire disposal and pollution prevention emergency disposal.
As of 15:40 that day, 15 people had been rescued and 2 people lost contact. At 16:45, the fire on board was extinguished, and no oil leaked into the sea for the time being. The cause of the accident is still under investigation.
NO.5 COSCO shipping international (singapore) company announcement of the first hir performance
In the first half of 2023, the operating income of COSCO SHIPPING International (Singapore) was S$90.174 million, a slight decrease of 2% compared with the first half of 2022. The net profit attributable to shareholders of the company was S$1.959 million, and the diluted earnings per share attributable to shareholders was SGD 0.09. Due to the decrease in investment income in associate companies and the increase in interest and water and electricity expenses, the company's net profit attributable to shareholders and earnings per share have dropped significantly compared with the same period last year.
In the first half of this year, the company's main business, integrated logistics, contributed S$72.6 million in revenue, accounting for 81% of the company's operating income; ship repair and steel structure construction contributed S$10.3 million in revenue, accounting for 11%; property management contributed S$7.3 million in revenue, accounting for 8%. In the integrated logistics business, warehousing, land transportation, automotive logistics and container yards contributed most of the revenue.
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