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...US Customs and Border Protection on Monday closed railway bridges at the cities of Eagle Pass and El Paso, Texas, which respectively rank as the second and fourth busiest freight rail crossings with Mexico...
...The name of its registered owner in the Marshall Islands: Social Club Inc....
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...Uber’s services are very popular. Gross bookings rose 16 per cent over last year to $33.6bn — more than expected. Some 137mn people use its services at least once a month....
...This was driven by a 72 per cent year-on-year growth in the rides segment, while sales for its food-delivery service rose 23 per cent....
...Overall gross bookings, including from its delivery and freight business, grew 19 per cent to $30.7bn....
...Unlike Uber, a global company whose services include food delivery and freight, Lyft only ferries passengers and focuses mainly on the North American market. In theory, this should be an advantage....
...Uber’s services are popular, with bookings ahead of pre-pandemic levels. Yet shares remain below their $45 listing price....
...It would eventually aggregate bookings for “freight, road, railway, water transport and air-shipping” services, state media said, without elaborating....
...A version of this article was first published by Nikkei Asia on January 24, 2023. ©2023 Nikkei Inc. All rights reserved....
...And I can’t find anyone who thinks the Port of Los Angeles and associated trucking services have suddenly perked up....
...Eagle, Idaho-based Lamb Weston is one of the world’s biggest producers of frozen potato products, like the french fries you can find in your local supermarket....
...These include food and grocery delivery as well as freight shipping. Additionally, it has built products around these — subscription services, for instance....
...The results were helped by larger profits in its manufacturing and services business lines....
...Data from US freight-forwarder Flexport show how US consumers are still spending far more on goods relative to services than they used to....
...“We also continue to be negatively affected by persistent supply chain disruptions and significant cost increases for many raw materials and other inputs, including energy, freight and labour.”...
...“Importers don’t trust supply chains anymore,” explained Zvi Schreiber, chief executive of logistics booking service Freightos. “Retailers are not taking any risk....
...Officials in both China and Europe previously promoted the freight services as a geopolitical advance....
...But even a switch to sea won’t be enough: the total volume of freight needs to be reduced to reach this target, notes Heath Lowndes, managing director of the GCC....
...But investors were encouraged by news that monthly active users across Uber’s services reached 118mn, up 27 per cent year on year and its highest ever....
...Uber once had plans to become a jobs website and haulage service as well as a taxi platform, food delivery and bike hire company. Uber Freight was launched in 2017 followed by Uber Works in 2019....
...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....
...“There may be isolated shortages of goods and services in the coming months. But there is an ample supply of goods....
...Uber managed to surpass analysts’ expectations in all three of its business units — rideshare, delivery and freight — to post overall revenue of $4.85bn for the quarter....
...Higher freight costs — now $40,000 a day — are painful for buyers, compounding the price increases of the commodities being shipped....
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