Without warning, Ford revealed in its Q1 financial report that it will stop Without warning, Ford revealed in its Q1 financial report that it will stop selling almost all of its sedans in North America. Sure, it will still market SUVs, trucks and commercial vehicles in the region, but will gradually scale back
Month: April 2018
Ford’s decision to kill most of its cars was inevitable
DHL doubles storage capacity in Tampa
DHL Express is investing US$5 million into its Florida-area service – relocating its Tampa operation to a new site twice the size of its predecessor. The 35,000 square foot facility will serve the greater Tampa-St. Petersburg region, with road service to connect to DHL aircraft operating out of Orlando International Airport
Lufthansa Group leads European carriers in Q1 traffic growth
The Lufthansa Group released solid results for the first quarter of 2018, reporting cargo traffic up 4.9 percent year-over-year to 2.14 billion revenue tonne kilometers. This is down from last year’s first-quarter growth of 6.3 percent, but very much in line with worldwide trends, and a much better result than its
Prime hike gives Amazon warchest for fight over postal costs
FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo Amazon.com Inc’s 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service
Volkswagen eyes further productivity gains in months ahead
The Volkswagen logo is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer BERLIN (Reuters) - Volkswagen expects productivity at its core autos brand to keep growing in the months ahead because of cost cuts and full availability of higher-margin models launched last year. “We have costs under control and
Bolloré charged for corruption in Africa, firm denies
...Vincent Bolloré, CEO and master dealmaker placed under formal investigation. A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports. Bolloré Group, which has extensive logistics and port operations in Africa, is denying charges of corruption in a probe
Apapa gridlock delays N85m solid minerals export
Lagos, Nigeria - The persistent difficulty in accessing the nation’s major seaport, Apapa, is taking its toll on movement of non-oil exports and may affect the earnings for this year, investigation by our correspondent has revealed. It was gathered that on the average, 15-container load of solid minerals, valued at $18,500
NIPOST generates N20.62bn in one year
The Nigerian Postal Service generated a total of N7.04bn from its core operations in 2017, according to a report by the Punch newspaper. The report revealed that with another N13.58bn generated from electronic stamp sales, the postal organisation actually made a total of N20.62bn in the 2017 fiscal year. A breakdown of
Aero Wins Ghana’s Approval to Maintain Country’s Aircraft
The Ghana Civil Aviation Authority (GCAA) has given Aero Contractors Authorised Maintenance Organisation (AMO) certification to conduct checks on Boeing B737 Classics. This means that Aero can conduct maintenance on aircraft registered in Ghana up to C-check, as the Nigerian company has said that its goal was to receive such approval