BBG: IAG gets EU warning shot over €400m Air Europa deal
BLOOMBERG reports: IAG SA’s €400 million ($428 million) takeover of Air Europa risks being derailed for a second ...
BLOOMBERG reports:
Uber Freight is stepping up efforts to expand in Europe’s fragmented logistics market and aims to increase tenfold to 2 billion euros its freight under management by 2028, with a digital platform that manages companies’ entire supply chains.
The freight business of Uber Technologies Inc. is smaller than the ride-hailing and delivery divisions, accounting for 14% of total revenue in 2023. While those other two units grew last year, freight revenue was down almost 25% from a year earlier, according to a recent SEC filing.
That slump is mostly blamed on weak trucking rates, but there are recent signs of a turnaround as supply chain snarls ease and bloated inventories deflate. Lior Ron, the founder and CEO of Uber Freight, said success with large companies in North America is among the biggest reasons for the digital push on the other side of the Atlantic.
“We have the Uber infrastructure in Europe we can build on from a technology perspective and a brand perspective, and on the other end we have US customers, global customers asking us to help,” Ron said in an interview. “We are very motivated to invest in Europe.”
The full post is here.
Asia-Europe ocean trades a nightmare scenario – 'unless you're a carrier'
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
Red Sea: Aries crew free, but more escalation on the way as box ships flee
CMA CGM to launch China-Mexico express shipping service
Air cargo market shows ‘positive dynamic’ – but how long will it last?
Flexport under fire as Peloton claims 'unfair D&D fees' cost it millions
The shifting landscape of the world's air cargo carriers
DSV US expansion continues with major investment in California hub
Hapag-Lloyd's box tracker will 'close logistics blind spots'
DHL Group: Forwarding burns cash, Supply Chain outshines the rest
Regional operators launch feeder services as mainline carriers adjust port calls
Contract logistics the star performer for DHL, but weak rates take a toll
News Podcast | May 2024 | Container shipping: a riddle, wrapped in a mystery, inside an enigma
Comment on this article