2025/10/28 archive

2 articles

Greek shipowner Metrostar Management has formally exited its crude oil transportation operations by selling two Suezmax-type tankers to Delta Tankers. The sale reflects the continued strength in the secondhand tanker market.
Logistics

Metrostar Exits Crude Oil Shipping With Double Suezmax Tanker Sale

Metrostar Exits Crude Oil Shipping With Double Suezmax Tanker Sale
In the first nine months of 2025, UPS shed 34,000 employees and closed 93 facilities. The company aims to reduce costs by up to 3.5 billion dollars as it contends with a 21 percent decline in package volume from Amazon and restructures its U.S. operations network.
Logistics

UPS Cuts 34,000 Positions and Closes 93 Facilities in 2025 Amid Amazon Volume Decline

UPS Cuts 34,000 Positions and Closes 93 Facilities in 2025 Amid Amazon Volume Decline