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...In 2019, Iran’s Revolutionary Guard Corps sparked a diplomatic and maritime security crisis in the world’s busiest energy waterway....
...As of late afternoon on Wednesday, 121 vessels capable of carrying 1.6mn 20ft shipping containers had rerouted via the Cape of Good Hope, according to Kuehne+Nagel, a Swiss logistics group, which expects...
...Shares in the US delivery and logistics group are up 46 per cent so far this year. Arch rival UPS has dropped 4 per cent over the same period while the S&P 500 index has risen 16 per cent....
...A B Corp, TGTG also campaigns on food labelling to curb waste....
...In the short-term, the shipping and logistics world is bracing for more frequent disruptions....
...This is something for investors to keep in mind as they parse ambitious cost-cutting and restructuring plans announced by the US logistics giant on Wednesday....
...“The fact is that the Marine Corps was unable to maintain the pace of the offensive and for sure lost the initiative a long time ago.”...
...US logistics giant FedEx thinks a global recession is coming....
...Although the group retains the largest share of the UK parcel delivery market, according to analysis by logistics group Pitney Bowes, it faces competition from newer rivals that employ workers on lower salaries...
...Shares of US-listed rival parcel and logistics companies recovered some lost ground, but still closed lower. UPS dropped 4.5 per cent, Amazon shed 2.1 per cent and XPO Logistics fell 4.7 per cent....
...Other logistic industry barometers point to slowing demand....
...Yet by Monday, when Smith announced that Raj Subramaniam will succeed him as chief executive, FedEx had become a global logistics giant, with $84bn in annual revenue, 600,000 employees and a $60bn market...
...The transport and logistics company said it had held talks with CVC Capital Partners over potentially taking the group private but that the negotiations were preliminary, incomplete and no formal bid had...
...Logistics incumbent FedEx, whose veteran boss Fred Smith is stepping aside as chief executive, is benefiting less from the surge than investors would like....
...“Government wouldn’t have anything to gain by slapping down DP World, which is a massive infrastructure provider to the UK,” said John Manners-Bell, chief executive of logistics consultancy Transport Intelligence...
...Logistics companies and carriers have also turned to technology and data tools this year to solve last-mile delivery problems....
...Upon turning 70 in February, Vincent Bolloré, the corporate raider and industrialist officially retired from his empire that includes Vivendi and Bolloré Group, the transport and logistics business he founded...
...But several trends could work in the logistics groups’ favour this year. Fear of empty shelves has prompted holiday shoppers to start their gift buying earlier this year....
...Beijing is ramping up the pace of more than 100 projects with an emphasis on food security, energy, transport, logistics and telecommunications....
...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....
...DP World, the United Arab Emirates logistics company and port operator, became the first international company to sign an NSR transit partnership agreement with Rosatom in July, pledging a $2bn investment...
...“Logistics manager” must be one of the least-envied jobs in the world at the moment after a torrent of news this week about supply chain bottlenecks and warnings of shortages during the festive season....
...The logistics and cost of enforcing the passport rule and the last-minute decision by the government to recommend their use has made planning for the lifting of restrictions more difficult, according to...
...company Forward Air Corp....
...It also reported an increase in cargo traffic on flights to Brussels as logistics companies turned to the skies to avoid the possibility of Brexit border delays....
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