Indian exporters elated as they escape Trump's tariff plan
A glaring “target exclusion” in US president-elect Donald Trump’s initial tariff action plan has bred ...
FDX: GOODBYE TIMEAMZN: SCRUTINYGM: BAD BEHAVIOURDHL: STICKING PEP: UNFAIR COMPETITIONKNX: JBHT RIPPLE EFFECTJBHT: DOWNGRADESDHL: SHINING ON WEAKNESSKNIN: ENOUGH DAMAGE DONE NOWLINE: BOUNCING BACKMAERSK: LOOKING AHEADUPS: UPGRADE AHEAD OF EARNINGSAMZN: BETTING ODDSJBHT: EARNINGS MISSJBHT: EARNINGS SEASON IS HEREDHL: BOTTOM FISHINGDSV: DOWN
FDX: GOODBYE TIMEAMZN: SCRUTINYGM: BAD BEHAVIOURDHL: STICKING PEP: UNFAIR COMPETITIONKNX: JBHT RIPPLE EFFECTJBHT: DOWNGRADESDHL: SHINING ON WEAKNESSKNIN: ENOUGH DAMAGE DONE NOWLINE: BOUNCING BACKMAERSK: LOOKING AHEADUPS: UPGRADE AHEAD OF EARNINGSAMZN: BETTING ODDSJBHT: EARNINGS MISSJBHT: EARNINGS SEASON IS HEREDHL: BOTTOM FISHINGDSV: DOWN
It’s not entirely freight related – in fact, not really at all – but this article caught our eye. It’s a fascinating exposé of an Apple supplier’s contract that, it claims, helped bring about the bankruptcy of sapphire screen maker GTAT. Not only did GTAT borrow money from Apple to be able to fulfil the orders, but then Apple negotiated so hard that GTAT was selling its product at a loss while at risk of steep fines for any breach of contract. Apple, however, could cancel orders at any time. Now 890 people are jobless and and the management is facing questions over insider dealing. A sorry saga.
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