The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this year.
January 29, 2019Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
As China Reduces Pollution, Value of Vessels Transporting LNG Increases
FedEx Introduces Way for Retailers to Outrace Amazon in Delivery
FedEx Corp., looking beyond Amazon.com Inc. for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers.
Knight-Swift Transportation Holdings Reports Profit Gains in 4Q
Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units.
Ceva Logistics Board Rejects Stock Buyout Bid by CMA CGM
Ceva Logistics’ board of directors has recommended that shareholders reject a tender offer from CMA CGM to buy all of the publicly held shares of stock in the Swiss company, saying the price of 30 Swiss francs per share is too low.
Forever Stamp Price Increase to 55 Cents Takes Effect
The cost of a Forever stamp jumped 10% this weekend — from 50 cents to 55 cents — as the U.S. Postal Service continues to struggle financially.
Union Pacific Reports Strong 4Q Results, but Hints of Job Cuts
Union Pacific Corp. reported record 2018 fourth-quarter income of $1.55 billion, or $2.13 a share, on Jan. 24.
Google’s Bid to Battle Amazon Suffers Blow As Walmart Withdraws
Walmart Inc. has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon.com in e-commerce.
US Crude Production to Beat EIA’s Outlook by 23 Years
A year ago, the U.S. government envisioned American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.
China’s Car Slowdown Begins to Bite as Hyundai Lays Off Workers
As China’s car industry loses its shine, automakers are starting to buckle up for the downward slope with Hyundai Motor Co. announcing it is letting workers go and is reviewing production plans in the world’s biggest market.
FedEx Express Agrees to Buy International Business From Israeli Firm
FedEx Express is acquiring the international express delivery business of Flying Cargo Group, a company based in Israel that has been a service partner with FedEx since 1990, company officials announced Jan. 15.
January 25, 2019