Local non-oil exporters may have started feeling the heat of the trade war between global economic leaders. Although projections from international trade bodies showed that average tariffs on exports from Nigeria and Zambia might not go beyond 10 percent under the ordeal, the affected businesses are already decrying slow demand
Business
Clock Is Ticking for FedEx’s Board as Founder Nears Age Limit
Delivery trucks sit parked at the FedEx Corp. Ground distribution center in Jersey City, New Jersey, U.S., on Tuesday, Aug. 7, 2018. FedEx is heading into fiscal 2019 running on all cylinders, with revenue growth and margin expansion expected across all three of its segments. FedEx Corp. will lose a board
Volkswagen to recall 700,000 cars over roof lighting: trade magazine
Volkswagen has to recall about 700,000 Tiguan and Touran cars worldwide due to a possible lighting defect, German trade magazine Kfz-Betrieb reported on Monday. The magazine reported that humidity can cause a short circuit at the panoramic roof’s light strip of the affected cars. A short circuit in the LED-module could cause
How FedEx employee No. 3,531 went from sweeping floors to running Freight
Kroger begins tests of driverless grocery delivery in Arizona
Kroger's driverless grocery delivery truck in Arizona U.S. supermarket operator Kroger Co said it will start testing driverless grocery delivery on Thursday with technology partner Nuro at a single Fry’s Food Store in Scottsdale, Arizona. Kroger and rival Walmart Inc each have teamed up with autonomous vehicle companies in a bid to lower the
Ethiopian Airlines shows cargo volume growth in Q2
Ethiopian Airlines has released its results for the period ended on June 30, which shows an 18 percent increase in cargo volume to 400,339 tonnes, compared to the same period last year. The airline has added eight new destinations to its network during the quarter, including Geneva, Chicago, Bahrain, Kaduna, Buenos
Air Peace plans mini-hubs in Kaduna, others
A domestic airline in Nigeria, Air Peace, has said it is considering opening mini-hubs for its operations in Kaduna, Kano and a few other cities to help decongest the Lagos airport. The airline’s Chairman and Chief Executive Officer of Air Peace, Mr. Allen Onyema, who stated this during an inaugural flight
Amazon must clarify ‘misleading’ one-day delivery claim
Some 270 customers reported not getting their items by the next day. Amazon must clarify that some items on its Prime service are not available for one-day delivery, the advertising regulator has ruled. The online retailer is rebuked after wrongly claiming items on its Prime service were all eligible for one-day delivery. The Advertising
New York City votes to cap Uber, Lyft vehicle licenses
DP-DHL Group reports troubles in Post-eCommerce-Parcel sector in second quarter
While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5% in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2% y-o-y to €747