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...Beyond meeting its own logistics needs, Amazon’s third-party shipping service could mushroom into a new business area akin to its cloud computing....
...This is an industry in recovery mode — few sectors were as badly pummelled by the pandemic, which shuttered gyms. Pricey branded sportswear was harder to justify with no one to see it....
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...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...Average advertised wages for warehouse operatives rose 9 per cent to £24,903 between November 2021 and September 2023, according to Logistics UK’s analysis of local job site Adzuna....
...Recovery in business travel is underpinning demand. So is consumer desire to make up for missed trips. This should be good news for airlines....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...as long as French and German ATC don’t (expletive) it all up in March, April, May, I think all operators in Europe will be positioned for a very strong summer of traffic and bookings and reasonable fair recovery...
...Companies expected to go public soon include cold storage chain Lineage Logistics, which is seeking a valuation above $30bn, and cyber security provider Rubrik, valued at $4bn last year....
...To do that, it will need additional space for logistics....
...Fink attributed the US’s faster recovery from the financial crisis relative to Europe to America’s lower dependence on the traditional banking sector....
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...Amazon and Nvidia are less secure but still enjoy deep competitive moats in their niches (retail platform data and logistics and class-of-their-own AI chips)....
...It noted its request represented just 11 per cent of the recovery, less than the 15 per cent in the previous case....
...In the 22 months since Vladimir Putin’s full-scale invasion, there have been four distinct chapters: Ukraine’s heroic blunting of the Russian advance; last autumn’s Ukrainian recovery of territory in the...
...Chief financial officer Brian Newman said that the macroeconomic environment “showed improvement” in the fourth quarter, but “the transportation and logistics sector conditions remained under pressure both...
...Asked by an analyst whether the company plans to build its offerings in a similar way to Amazon —which started in online retail and moved into a number of other markets including logistics and cloud computing...
...It is also a huge beneficiary of increasing returns from international trade, having created a tech and logistics layer for getting cheap manufactured goods reliably from Asian factories to a huge end market...
...Apple, however, is so far missing out on much of that broader industry recovery....
...Rybolovlev said that given the scale of his investment and business holdings, he relied on deputies to handle the logistics of his art purchases....
...A slow recovery in tourism from Asia, growing competition from Southwest Airlines and the recent wildfires in Maui have all weighed on demand....
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