A bad day for FedEx
FedEx is having a tough 24 hours. First, last night a tornado took the roof ...
FedEx should have a plan in its back pocket for a battle with Amazon in the future, according to a former FedEx manager. He said while Amazon was not ready to take on the integrator yet, there would come a time when it would be more of a competitor than a customer. Transport Topics also reports that a Yusen manager thinks Amazon is “going to stretch everyone to keep pace with them”.
Meanwhile, in China, another courier company has opted for a reverse listing in a bid to raise capital. Shanghai Yunda Express will list on the Shenzhen stock exchange in a $2.7bn deal.
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