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...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....
...has definitely made governments think harder and deeper about their industrial bases, their supply chains’ agility and resilience,” said Trevor Taylor, professional research fellow at the Royal United Services...
...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....
...It would eventually aggregate bookings for “freight, road, railway, water transport and air-shipping” services, state media said, without elaborating....
...Uber’s services are popular, with bookings ahead of pre-pandemic levels. Yet shares remain below their $45 listing price....
...Last month, for example, the Pentagon split a $9bn contract for cloud computing services between Google, Oracle, Amazon and Microsoft....
...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....
...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....
...Alibaba’s Covid cloudWhile cloud services were once seen as transformative for China’s big tech companies, Alibaba’s cloud sales were up just 12 per cent in the first quarter, while Tencent’s actually shrank...
...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....
...American Airlines, Freeport-McMoRan, Philip Morris, and Dow Inc also report earnings....
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