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FT CollectionsWar in Ukraine: economy and trade
The unknown Indian company shipping millions of barrels of Russian oil
...The name of its registered owner in the Marshall Islands: Social Club Inc....
May 4, 2023
News in-depthFedEx Corp
Wall St blames missteps at FedEx as parcel service fails to deliver
...The lower ocean freight prices have also cut demand for air freight, an expensive alternative for companies hurrying to secure supplies: air rates this September are half what they were this time last year...
September 24, 2022
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Trade Secrets
Why the untangling of global supply chains isn’t good news Premium content
...mainly the huge resurgence of consumption and particularly consumer durables (e-bikes rather than food delivery) after lockdowns lifted, putting pressure particularly on the inefficient ports on the US West...
October 10, 2022
US inflation
‘We’ve never seen anything like this’: US retailers compete to clear stock
...Last week, it cost on average $6,593 to ship a 40-foot container from Asia to the US west coast, according to Freightos....
July 30, 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
Supply chains
Big US businesses pledge to extend working hours to ease supply chain backlogs
...FedEx said it would make changes allowing it to double the volume of cargo moving out of ports at night....
October 13, 2021
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News in-depthWar in Ukraine
Western brands flee Russia in unravelling of ‘capitalistic diplomacy’
...Germany’s DHL and Swiss freight broker Kuehne + Nagel on Wednesday followed UPS, FedEx and DPD in halting all shipments into Russia apart from foods and medicines....
March 3, 2022
Property sector
Blackstone close to deal for New York tower in bet on office work
...Built on the eve of the pandemic, One Manhattan West abuts the giant Hudson Yards redevelopment and has sweeping views of the Hudson river....
December 17, 2021
Trade Secrets
Flexport’s CEO on the mystery and messiness of global supply chains Premium content
...And it seemed like freight forwarding was just the poster child for this....
October 27, 2021
Covid-19 vaccines
Biden’s Covid booster shot plan mired in confusion amid regulatory hold-ups
...The looming jump in the numbers of doses being shipped and administered is likely to put pressure on freight carriers, health departments and hospitals....
September 7, 2021
US retail
US retailers rush to secure holiday season stock
...With ships from Asia waiting 12 to 15 days to unload and domestic freight carriers such as Union Pacific and FedEx accelerating peak season surcharges by months, “we don’t foresee the inventory catching...
May 30, 2021
The Big Read
Lex in-depth: does Uber deserve its $91bn valuation?
...Chief legal officer Tony West, brother-in-law of US vice-president Kamala Harris, led a successful campaign that exempted Uber drivers from California’s gig worker bill....
October 17, 2021
The Big Read
The supply chain crisis and US ports: ‘Disruption on top of disruption’
...The White House said it had secured pledges from private sector heavyweights such as Walmart, UPS and FedEx to extend their working hours....
October 14, 2021
LexTechnology sector
Didi Chuxing: China raises red flag over New York listings
...The road freight app and the online recruitment group both listed in New York last month. They are banned from signing up new users during the investigations....
July 5, 2021
Unilever PLC
Unilever faces biggest cost rises in a decade, warns chief executive
...Jope said the decision to pull out of the West Bank and East Jerusalem had been made “by Ben & Jerry’s and its independent board”, a body whose role was enshrined when Unilever acquired the dessert brand...
July 22, 2021
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Due Diligence
‘If Masa said yes, who am I to object?’: inside SoftBank’s compliance debate Premium content
...to start: rail group Canadian Pacific is set to present a new, higher offer to buy Kansas City Southern, worth about $31bn, including debt, in a move that is set to revive the takeover battle for the US freight...
August 10, 2021
Transport
Parcel groups seek to deliver greener ‘last mile’ processes
...So it obliged shops across the West End to use a single consolidation centre with one provider delivering from there....
October 8, 2020
FT Magazine
What next for Uber? Inside the fight for its future
...Under Khosrowshahi’s direction, West pushed for a settlement and in February 2018 got one....
October 28, 2020
Trade Secrets
Top US trade official inflicts wounds on relations with EU Premium content
...A decline in FedEx freight volumes is our chart of the day, with a link to an FT piece on how the pandemic is forcing companies to increase reliance on automation....
July 2, 2020
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
...However, UPS and its rival FedEx face growing competition from Amazon’s freight delivery service....
July 24, 2019
Global trade
Singapore’s empty airport highlights impact of coronavirus on Asia
...Outside on Changi’s west runway, planes arrive at seemingly busy two-minute intervals....
February 18, 2020
United Parcel Service Inc
UPS, FedEx tumble as analyst warns of Amazon Air risk
...Amazon Air took the wind out of United Parcel Service and FedEx shares on Tuesday, as Morgan Stanley warned that investors have yet to fully account for growing competition from the ecommerce giant’s freight...
December 4, 2018
US equities
US slowdown or Amazon effect? Investors divided over index fall
...Shares of FedEx, which has the biggest weighting in the index, have lost more than 17 per cent since the start of the month, in part due to concerns about Amazon Air, the ecommerce giant’s in-house freight...
December 13, 2018
Uber IPO
Uber roadshow diverts investor focus from stalling growth
...Dara Khosrowshahi, chief executive, described Uber’s structural advantage in being a platform for various modes of transportation, from ride-hailing and public transit to food and freight delivery, compared...
May 1, 2019

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