A package of the FedEx courier delivery services company is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration On a recent trip to FedEx’s Asia Pacific headquarters, the company’s CEO stopped by Bloomberg to talk all things trade and Amazon. Fred Smith, founder, chairman and CEO of Memphis-based FedEx Corp.,
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IATA reports demand increased only 2 percent in September
September traffic data from the International Air Transport Association (IATA) shows a sluggish 2 percent year-over-year growth in demand, measured in freight tonne kilometers (FTKs) – less than half of the five-year average growth rate of 5.1 percent. The report is essentially on par with the WorldACD’s September analysis, which reported
Ford goes local in India, aims for bigger slice of competitive market
FedEx Acquires Australia’s Manton
Acquisition designed to expand freight forwarding capabilities and connect customers to global markets. FedEx Corp. announced Thursday that it has agreed to acquire Manton Air-Sea Pty Ltd, a provider of logistics services including freight forwarding and customs brokerage solutions headquartered in Sydney, Australia. FedEx said Manton’s capabilities complement and expand its portfolio
USPS proposes Amazon pay up to 12 percent more for shipping
FedEx to use special bonuses to keep pilots from retiring: report
FedEx Memphis hub FedEx Ground CFO Bob Henning on the company’s plans for the busy holiday season and the potential competition in shipping from Amazon. The holiday shipping season is coming and FedEx is making sure the packages get there on time. The delivery service wants to keep retirement-age pilots on the job
Boeing CEO Says Air-Taxi Prototype Will Be Ready for Takeoff Next Year
‘You’re going to see rapid progress here,’ Muilenburg says Company is also working with regulators on air-traffic system Boeing Co. says the age of air taxis is getting closer. A prototype will be in the air next year, Chief Executive Officer Dennis Muilenburg said. The planemaker is also working with
EBay accuses Amazon of trying to ‘illegally poach’ its sellers
EBay has accused Amazon employees of using its messaging system to illegally poach its sellers. The online auction platform sent a cease-and-desist letter to Amazon on Monday accusing it of breaking California’s Comprehensive Computer Data Access and Fraud Act, as well as its own user agreement and policies. "We have uncovered an unlawful
Royal Mail hits all-time low as letter numbers dwindle
A delivery man walk pass parked royal mail idle delivery vans The company warned that full-year profits would be lower than expected amid an accelerating decline in letter volumes. Shares in Royal Mail have sunk to their lowest level since privatization after it warned that annual profits would be lower than expected
Primera Air: Passengers stranded as airline collapses
A budget airline that began offering long-haul flights from UK airports earlier this year, including Stansted to the US, has collapsed. Primera Air said it was ceasing all operations at midnight on Monday after 14 years of operations. Flights to Washington and New York due to leave Stansted on Monday night were