A bad day for FedEx
FedEx is having a tough 24 hours. First, last night a tornado took the roof ...
“Fantastical”, said FedEx chief exec Fred Smith less than a year ago when quizzed on the idea that Amazon had become its competitor. Now, Market Watch reports that Mr Smith has changed his tune. A tune change that, perhaps merely coincidentally, comes a few short months on from FedEx dumping the e-commerce giant as a customer. During an investor call he said the company now competes in an environment with five entities, the usual suspects – DHL, UPS, USPS, and, of course, itself – and now Amazon. He added that he “wakes up every day” thinking about this new competitor.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Maersk raises surcharges as Red Sea risk expands and costs mount
Heavy speculation in China’s container shipping futures as Gaza War drags on
Rail strike looming in Canada: it will come 'at the worst possible time'
Flexport's newly liveried aircraft ready as business looks up
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Red Sea: Aries crew free, but more escalation on the way as box ships flee
Comment on this article