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Vietnam
Vietnam bets on new airports to boost tourism and supply chains
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
November 28, 2023
LexUber Technologies Inc
Uber: steeper driver charges are only a short-term fix Premium content
...These are divided between rides — which account for more than half of revenue — food delivery and freight. Shoring up the balance sheet has heartened investors....
August 1, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Berkshire Hathaway Inc
Berkshire Hathaway’s cash pile nears all-time high at $147bn
...Profits fell by nearly a quarter to $1.3bn and it reported less demand for freight shipping....
August 5, 2023
Chinese business & finance
China to launch state-owned ride-hailing app to take on Didi
...It would eventually aggregate bookings for “freight, road, railway, water transport and air-shipping” services, state media said, without elaborating....
January 18, 2023
Special ReportInnovation in Energy
Shipping lines return to proven power of wind
...Soaring freight rates and a subsequent surge in profits during the pandemic have encouraged some shipping companies to splurge on new ships — few of which will have wind-propulsion systems....
February 7, 2023
The Art Market
Christie’s tests the Old Masters market with no-reserve sale
...Gallant hopes also to establish a “shipping solution”, helping reduce the volume of international air freight, and is in discussions with stand-builders about reducing material waste at art fairs....
January 19, 2023
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Gap Inc
Gap chief Sonia Syngal exits as company struggles to win back US shoppers
...It still forecast a $50mn hit from “transitory” air freight expenses and inflationary costs on raw materials and freight....
July 12, 2022
US inflation
‘We’ve never seen anything like this’: US retailers compete to clear stock
...An air fryer marked down from $149 to $110; a trampoline discounted by 10 per cent and a set of star-spangled kids’ pyjamas priced at $9 rather than $12: the red “rollback” signs were not hard to find this...
July 30, 2022
The Art Market
New York auction season ends with record $2.5bn total
...The sector’s “almost total dependence on air freight” is often blamed on insurers, the GCC says, so it has joined forces with the Lloyds Market Association to help businesses reduce potential underwriting...
May 26, 2022
Airlines
US airlines warn of ‘chaos’ as telecoms groups roll out 5G
...The letter, seen by the Financial Times and first reported by Reuters, was signed by the largest US carriers as well as the air freight arms of two of the biggest logistics groups, UPS and FedEx....
January 17, 2022
LexWalmart Inc
Walmart: inflation means retail giant is no longer cheap and chirpy Premium content
...To ensure that its shelves are stocked for the holidays, Walmart has taken drastic measures, including using air freight and chartering its own cargo ships....
November 16, 2021
Berkshire Hathaway Inc
Berkshire Hathaway net earnings down by two-thirds
...Although operating revenues for its railroad division were up 11.8 per cent from a year ago to $4.59bn, Berkshire acknowledged the business “experienced higher materials, freight and other input costs”,...
November 6, 2021
FT Magazine
Inside Peloton’s epic run of bungled calls and bad luck
...In February, Foley said the company would spend $100mn on air freight to overcome shipping delays....
February 17, 2022
On Wall StreetMamta Badkar
Has US corporate profitability peaked?
...Air freight demand has skyrocketed. Some larger terminals like Chicago are reporting delays of up to two weeks for cargo collection....
September 3, 2021
Berkshire Hathaway Inc
Berkshire Hathaway swings to $11.7bn profit in first quarter
...Profits at BNSF rose 5 per cent, helped by higher freight volumes of consumer goods....
May 1, 2021
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Peloton Interactive Inc
Peloton raises supply chain investment after product delays
...Peloton pledged it would spend $100m on air freight and expedited ocean freight to improve its “longer than acceptable wait times” over the next six months....
February 4, 2021
Transport
Parcel groups seek to deliver greener ‘last mile’ processes
...there by air....
October 8, 2020
Apple Inc
With no iPhone to launch, Apple turns to accessories and wearables
...But with a truncated holiday sales window and the pandemic complicating freight and retail, Apple may still be at risk of missing Wall Street’s sales forecasts for the December quarter, said Mr Bajarin....
September 11, 2020
Global trade
Snap AV: Singapore’s sinking air cargo
...Here’s a chart which many haven’t picked up on though, Singapore Air Cargo -- which measures air freight carried in millions of kilos through the trade centre -- contracted over January to levels not seen...
February 24, 2020
Transport
Uber takes a detour with plan to provide temporary staff
...— “on-demand” labour (2018) Future bets Uber ATG — the Advanced Technologies Group is focused on autonomous driving technology, to launch a robo-taxi service around 2020 (2015) Uber Elevate — “urban air...
October 18, 2018
United Parcel Service Inc
UPS profits boosted by strong US online shopping
...UPS and its rival FedEx face growing competition from Amazon, as the ecommerce giant has sought to expand its shipping operations on the ground and in the air in an effort to cut freight costs and speed...
October 22, 2019
United Parcel Service Inc
UPS delivers upbeat results as demand for next day service jumps
...The ecommerce giant has sought to expand its shipping operations on the ground and in the air in an effort to cut freight costs and speed up deliveries of its customers’ orders....
July 24, 2019
IPOs
Lyft shares hit new low as Uber IPO looms
...The disappointing performance of Lyft shares has created an air of caution around the long-awaited IPOs of tech “unicorns”, which have been able to attract enough private capital to avoid tapping public...
April 10, 2019
United Parcel Service Inc
UPS, FedEx tumble as analyst warns of Amazon Air risk
...Amazon has sought to expand its own shipping operations, both on the ground and in the air, to cut freight costs and speed up deliveries of its customers’ orders....
December 4, 2018
Under Armour Inc
Fewer discounts help Under Armour top expectations in holiday quarter
...Gross margin improved by 160 basis points from a year ago to 45 per cent “driven predominantly by regional and channel mix, product cost improvements, lower promotional activity, and lower air freight partially...
February 12, 2019

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