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...Vice-premier Liu He said this month the country would work to stabilise industrial development and supply chains, and instructed local governments not to block transportation for key logistics....
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...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....
...The Dow Jones Transportation Average, the world’s oldest benchmark that tracks some of America’s biggest transport and logistics companies, is outperforming major indices this year, underlining the strength...
...Transportation is also a concern, with many delivery companies already struggling with low staffing levels and high demand as the US economy emerges from its pandemic slumber....
...The country suffers from burdensome bureaucracy, a highly complex tax system and poor transportation infrastructure....
...Mr Ronen was the managing partner of the Vision Fund’s US investments, leading its bets on transportation and logistics start-ups such as Getaround, GM Cruise and Nuro....
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...Transportation of the Covid-19 vaccine will be a massive undertaking for airline and shipping companies....
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...Other app-based transportation services have made similar attempts to diversify during the pandemic....
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