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Qatar Airways reports $69 million revenue loss
Qatar Airways has reported $69 million in revenue loss, which it blames on the diplomatic crisis between Qatar and its neighbouring countries. The airline has been banned from the airspace of Saudi Arabia, the UAE, Bahrain a...
FedEx Ground expands US operations to six days a week
FedEx Ground has expanded its US operations to six days a week in response to growing demand ahead of the holiday season. The parcel delivery company cites the rapid growth of e-commerce as a primary factor behind the decisi...
UPS announces new growth strategy for parcels and e-commerce
UPS has announced its new growth strategy for the business, looking to improve operational costs and boost earnings between now and 2022. The company will focus on four “strategic imperatives”: the continued expa...
CMA CGM profits drop almost 90% due to fuel costs
French shipping titan CMA CGM saw an 85.8% drop in profits in the second quarter of 2018, due to rising bunker fuel costs, low freight rates and global trade tensions. The company’s Q2 profit was $22.7 million, compare...
Amazon orders 20,000 vans for entrepreneur programme
Amazon has purchased 20,000 Sprinter model vans from Mercedes-Benz for its new Amazon Delivery Service Partner programme, which recruits third-party entrepreneurs for last mile parcel deliveries. This is more than four times...
Djibouti and UAE battle over control of Doraleh Container Terminal
The Republic of Djibouti has nationalised the majority stakeholder of the Doraleh Container Terminal at the Port of Doraleh, further stoking a conflict with the United Arab Emirates over control of the terminal. The Djibouti...