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...The name of its registered owner in the Marshall Islands: Social Club Inc....
...Amazon executive Dave Clark was the perfect candidate to run freight start-up Flexport....
...Cargill’s head of ocean transport has called on the shipping industry to give wind power a chance in its efforts to decarbonise, as one of the world’s largest marine freight operators prepares to test the...
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...These are divided between rides — which account for more than half of revenue — food delivery and freight. Shoring up the balance sheet has heartened investors....
...Profits fell by nearly a quarter to $1.3bn and it reported less demand for freight shipping....
Video-hosting site used to promote jobs as groups also recruit ex-convicts and army vets to fill shortfalls
...Overall gross bookings, including from its delivery and freight business, grew 19 per cent to $30.7bn....
...Overall gross bookings — the total value of fares paid — including from its mobility, delivery and freight business, grew 19 per cent to $31.4bn, with gross bookings in the mobility unit alone growing 40...
...He noted that “multi-brand” chains “help us serve distinct consumers or price points”.Nike’s direct to consumer push isn’t without its own challenges: freight costs, foreign currency exchange rates, and...
...In recent years, they have expanded upstream into agricultural origination, storage, freight and port infrastructure, and downstream into processing, ingredients and final products, while moving into a wider...
...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 is almost 14 years old, has 131mn customers and is building an advertising business to complement its huge revenues from ride-hailing, food deliveries and freight....
...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....
...Soaring freight rates and a subsequent surge in profits during the pandemic have encouraged some shipping companies to splurge on new ships — few of which will have wind-propulsion systems....
...Gallant hopes also to establish a “shipping solution”, helping reduce the volume of international air freight, and is in discussions with stand-builders about reducing material waste at art fairs....
...Freight rates and waiting times at ports are dropping rapidly. The US logistics managers’ index shows spare transportation capacity shooting up and prices falling....
...These include food and grocery delivery as well as freight shipping. Additionally, it has built products around these — subscription services, for instance....
...Dark and metafictional, it would have been among the year’s best even without the freight of Panahi having also been imprisoned, as a critic of the Tehran regime....
...Revenues at its BNSF railroad surged 17 per cent to $6.5bn, but profits slid as the volumes of freight it shipped declined and it paid higher wages to its employees....
...Revenues at the company’s nascent freight arm, which handles long-distance trucking, rose to $1.8bn, boosted by its recent $2.25bn acquisition of shipping tech group Transplace....
...It still forecast a $50mn hit from “transitory” air freight expenses and inflationary costs on raw materials and freight....
...Data from US freight-forwarder Flexport show how US consumers are still spending far more on goods relative to services than they used to....
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