The Memphis-based parcel giant reported a net income of $4.57 billion, up 52 percent year-over-year. FedEx Corp. earnings surged 52 percent to $4.57 billion in its fiscal 2018 year, which ended May 31, according to the company’s most recent financial statements. The Memphis-based parcel and express carrier posted diluted earnings per share
Management
Nigeria Tightens Airport Security Amidst Fears of Isis Attacks
The Nigerian government intensified stricter passenger screening and other tougher security measures for all commercial flights earlier this month, following threats of renewed attacks linked to the deadly Islamic State of Iraq and Syria (ISIS). Although no imminent threats were immediately identified by federal authorities, the reported influx of ISIS fighters
New US. Auto tariffs would raise prices, cost jobs – Experts
If President Donald Trump delivers on threats to slap 25 percent tariffs on imported automobiles and parts, experts say it will cut auto sales and cost jobs in the U.S., Canada and Mexico. Trump has asked the Commerce Department to study the tariffs on national security grounds, hoping to bring back
Rolls-Royce cuts 4,600 jobs at ‘pivotal moment’ for business
London - Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to reduce costs and complexity and make Britain’s best-known engineering company more profitable and dynamic. East, a softly-spoken former tech boss, has overhauled the 134-year-old Rolls since he took charge in 2015 but
U.S. imposes long-awaited advance screening rules for inbound air cargo
After nearly eight years of starts, stops and delays, the U.S. Department of Homeland Security (DHS) has finally implemented its much-debated Air Cargo Advanced Screening (ACAS) program, requiring all carriers of commercial cargo to report electronic airfreight data to U.S. Customs and Border Protection (CBP) before the cargo is loaded
UPS Teamsters ready to strike as contract end looms
Ethiopian Airlines Marks 100th Aircraft in Active Service
Ethiopian Airlines has announced that it would take delivery on June 5, 2018 of its 100th aircraft, a Boeing 787-900, the first for an African airline to operate 100 aircraft fleet in the history of the continent, thus maintaining its pioneering aviation technology leadership role and ascertaining its leadership position
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
Bloody Weekend As 10 People Killed in Cape Town Taxi Violence
Authorities in South Africa are monitoring various transport interchanges and high-risk areas in Cape Town after a surge in taxi violence left 10 people dead over the weekend. The bloodshed is understood to be related to a battle over taxi routes. A detective-led task team is probing the incidents. The most recent involved
America has a massive truck driver shortage.
Daniel Gollnick is a truck driver in Melrose, Wis. He makes $45,000 a year, less than he would like, but he is home every night. (Daniel Gollnick) Here’s why few want an $80,000 job. America has a massive shortage of truck drivers. Joyce Brenny, head of Brenny Transportation in Minnesota, increased driver pay 15