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FedEx Drops Ground Delivery for Amazon, Can UPS Be Far Behind?

The first shoe FedEx dropped over Amazon.com's ambition to become a full-fledged transportation and logistics carrier was not renewing its Express contract with the e-commerce giant for package delivery. Now the next shoe has fallen: FedEx said it will not renew its contract for ground delivery for Amazon. FedEx maintains the changing relationship "is consistent with our

Chinese officials suspect FedEx held back over 100 Huawei packages

Hong Kong (CNN Business) Chinese authorities suspect FedEx of holding back more than 100 packages that tech company Huawei was trying to deliver to China, state media reported Friday. Regulators in China concluded that FedEx (FDX) committed "violations" when it diverted Huawei parcels, according to state news agency Xinhua. The Chinese government opened an investigation nearly two months

Roads: FG released N504bn out of N890bn

The Federal Government (of Nigeria) released a total of N504.1bn out of the N890bn that was appropriated for the construction and rehabilitation of federal roads across the country in three years. It was gathered that the N504.1bn was the total sum for capital releases to the Federal Ministry of Power, Works

Carriers consider ordering mega containerships

  Evergreen, Hapag-Lloyd, Yang Ming and COSCO all are said to be weighing new ship orders.   Evergreen and COSCO, along with COSCO affiliate OOCL and CMA CGM, are all members of the Ocean Alliance; Hapag-Lloyd, Yang Ming and Ocean Network Express are members of THE Alliance. The Danish website ShippingWatch said it had “market sources

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