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20181219-fedex-revenues

TNT’s Failings Blow Up Fedex’s Profitability

Fedex Corp reported fiscal 2Q revenues (to November) that grew 9.3% on a year earlier, which was slower than the prior three quarters’ 10.6% average. A weaker performance from the firm’s European business (formerly TNT) was blamed, with a cost cutting plan launched in response. The... Read more →

20181219-uber-bikes

Uber Can’t Get Over Tariffs, Calls For E-Bike Exemption

Uber Technologies has joined over 1,350 companies in requesting an exemption from tariffs on Chinese exports. That relates to 25% duties applied in August to electric bikes that form part of its local mobility program. The firm faces a long way – only 18.2% of requests have been assessed... Read more →

20181219-liners-total

Maersk and MSC Dominate U.S. Shipping as CMA-CGM Loses Power

Container-lines operating U.S.-inbound services saw a slowdown in growth in November, with total volumes rising just 3.8% on a year earlier from 7.9% in the prior three months on average. That reflects a mixture of lower shipment growth from China due to tariffs as well as a downturn in shippi... Read more →

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