... seeks new roads to open markets For years, Uber’s biggest investors dreamt of a winner-takes-all future as they pumped cash into the heavily lossmaking US ride-hailing company. By undercutting rivals, they imagined a time when the natural network effects of a dominant online marketplace would kick in for Uber, driving out rivals
Acquisitions
Nigerian Airlines Merger: Operators kick against minimum benchmark of fleet to 20 Planes
Airline operators have kicked over the proposal to benchmark the minimum planes a local airline should have in its fleet to 20. The operators, apparently miffed by the call made by Aviation Safety Round Table Initiative (ASRTI), described it as "mere talks" that does not correspond to the economies of
Tesla bought an old GM-Toyota factory and made it cool — but in its former life it built a lot more cars
Inside the Tesla factory. Benjamin Zhang/Business Insider Tesla's factory in California has a theoretical manufacturing capacity of 500,000 annually. Toyota and GM built almost that many there in 2006. Tesla is struggling to hit its manufacturing targets for the Model 3. Its factory produced close to 450,000 vehicles annually when it
EasyJet to take over planes from bankrupt Air Berlin
Airberlin jets at Tegel airport in Berlin German BERLIN (AP) — Budget airline Easyjet says it has reached an agreement with Air Berlin to buy parts of the bankrupt German airline as part of a 40-million euro ($46 million) deal. The British airline said Saturday in a statement it will acquire “certain
Maritime shipping industry could consolidate further
It's time to pull together Maersk Chief Operating Officer Soren Toft said that as growth in the shipping industry slows, merger and acquisition activity may begin to pick up again, according to a report from the Straits Times. The trend of mergers and consolidations in the maritime shipping industry in recent years
Latest FedEx acquisition part of ongoing bid for e-commerce market [VIDEO]
The “FedEx Panda Express,” a custom-decaled 777F aircraft. Aircargo World - FedEx has acquired Northwest Research, along with the latter’s capabilities to “resolve at-risk shipments” that the integrator hopes will improve its customer experience. Based out of Salt Lake City, Northwest Research is an inventory research and management company, and the latest in
FedEx brings Northwest Research Inc. into the fold
Northwest Research, Inc. (NWR) specializes in inventory research and management. Transportation and logistics bellwether FedEx said last week it has acquired Northwest Research Inc., a Salt Lake City, Utah-based inventory and research management firm. Financial terms of the transaction were not disclosed. FedEx said that Northwest Research’s proprietary technologies and capabilities complement
How Airlines are reacting over Airbus takeover of Bombardier CSeries and how it shook status quo
... Delta says Bombardier CSeries delivery schedule unclear ... Lufthansa says CSeries' future more sustainable after Airbus deal, expects to benefit from it ... Air Baltic says hopes Bombardier-Airbus deal does not affect pricing ... French Government, UK Business Minister welcome deal ... Boeing says Bombardier CSeries jets may face hefty duties despite Airbus deal ...
Belgian Bpost acquires U.S-based E-commerce logistics firm, Radial, in a $820 million deal
bpost announces today the acquisition of US-based company Radial, to expand offerings and accelerate thedevelopment of bpost's e-commerce logistics solutions, in deal valued at $820 million. The acquisition leverages Radial's e-commerce service,expertise and scale with bpost to provide an industry-leading cross-border value proposition for its customers in Europe and North America. Bpost, a Belgian company that provides mail and parcel services, while Radial is a privately-owned company that provides