FedEx to ground aircraft after weak market forces profit warning
Logistics stocks faced a battering after FedEx withdrew its forecast, following an “earnings miss of ...
Logistics Management has published a short roundtable on air cargo ? which includes comments from the king of US air forwarders, Brandon Fried. Noting the boost from the west coast port congestion, the speakers point out that this modal shift is not here to stay. And they also call for stronger partnerships. “The bottom line is that carriers still work to control costs and not chase opportunity.” They should “help shippers drive risk and spend out of the supply chain”, ...
European port congestion now at five-to-six days, and getting worse
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