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Amazon will impact U.S. Postal Service, Not FedEx – Fred Smith, CEO & Chairman Of FedEx Corp.

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.,

Panalpina reports Q3 contractions, anticipates further challenges

Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period last year. The company said the air freight segment’s margins have

World’s longest sea bridge opens, connecting Hong Kong, Macau

Yesterday, Chinese President Xi Jinping inaugurated the world’s longest sea bridge to connect Hong Kong, Macau and Zhuhai, stretching across the Pearl River Delta. The opening culminated the US$15.3 billion project has been underway since December 2009. The 34-mile span shortens the travel time between the two regions from 3.5 hours to

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

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