FILE PHOTO: A view of one of two Rolls Royce Trent 1000 engines on a Boeing 787 Dreamliner during a media tour ahead of the Singapore Airshow on February 12, 2012. REUTERS/Edgar Su/File Photo London (Reuters) - Britain’s Rolls-Royce said it would add maintenance facilities and people to triple its capacity to
Month: May 2018
Buffett proposed to invest $3 billion in Uber, but talks failed: Bloomberg
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. Billionaire Warren Buffett had proposed to invest $3 billion in Uber Technologies Inc [UBER.UL] earlier this year, but the talks failed following disagreements over the deal’s
Demonstrations in Brazil, Canada, Italy could mean logistics delays
Truckers block the federal highway BR-116, which connects to Mercosur countries, to protest rising fuel costs, in Embu das Artes, on the outskirts of Sao Paulo, Brazil, Thursday, May 24, 2018. (Andre Penner/Associated Press) Concurrent labour actions and protests from various logistics sectors’ unions could potentially send ripples through the supply
Deutsche Post DHL says Streetscooter flotation possible
The production line of the new StreetScooter electric delivery van is pictured during an opening tour in Dueren near Cologne, Germany, May 30, 2018. REUTERS/Wolfgang Rattay DUEREN, Germany (Reuters) - Deutsche Post DHL could envisage floating its Streetscooter electric van business, which is expanding internationally, on the stock market, but not for
E-Commerce Between USA and Nigeria Made Easy By Moov Africa
Moov Africa has opened its e-commerce portal, branded Shop2Me, to the Nigerian public, on the company’s main website, www.moovafrica.com. The online portal assists discerning shoppers to make purchases of vital goods in USA from the comfort of their homes or offices in Nigeria, while they pay in the local currency, Naira. Shop2Me
Truck blast injures eight at UPS facility in Kentucky
Scene from the explosion this morning at a UPS maintenance facility. Some shipments may be affected as officials investigate the Wednesday morning explosion in Lexington. An explosion damaged a UPS freight hub Wednesday morning in Kentucky's second-largest city, sending multiple people to the hospital in what fire officials described as an accidental
Nairobi City and Its Insufferable Traffic Jams
By Lilys Njeru Traffic Jams the Cause of Sleepless Nights for Nairobi Residents In 2012, former president Mwai Kibaki inaugurated Thika Road, an eight-lane superhighway meant to ease the relentless traffic congestion that had come to define the route, but six years later, residents are back to unbearable traffic. People whose arrival
Alibaba doubles down on logistics with $1.4B investment in Chinese courier ZTO
Alibaba is doubling down on logistics after it led a $1.38 billion investment Alibaba is doubling down on logistics after it led a $1.38 billion investment in Chinese courier firm ZTO Express alongside Alibaba logistics affiliate Cainiao. ZTO went public on the NYSE in 2016 raising $1.4 billion from what was the year's largest IPO
Freight train robberies on the rise in Mexico
Thieves were believed to have caused this derailment in the early hours of the morning of September 27, 2017 in Querétaro. ...thieves block rail tracks Freight train robbers in Mexico are increasingly blocking tracks or loosening rails to stop trains and steal the contents. The federal rail agency said Monday the number of cargo
Malaysia Cancels Multi-billion-Dollar Rail Project to Singapore
Mahathir Mohamad, center, on May 28. Photographer: Joshua Paul/Bloomberg Malaysia is cancelling a project to build a high-speed rail link between its capital, Kuala Lumpur, and Singapore, and will talk with its southern neighbor about any compensation Malaysia has to pay, Prime Minister Mahathir Mohamad said on Monday. Mahathir, the 92-year-old who