Atlas Air sees profits soar on the back of free money, as it 'fails to read the room'
Atlas Air, as expected, had a rather good 2020: 2019’s losses of $293m turned into ...
Flexport is taking aircraft provider Western Global Airlines (WGA) to court, alleging service failures.
The forwarder signed up with WGA to provide a 747-400 freighter in January 2018, for rotations between Hong Kong and Los Angeles from April 2018 through to March 31 2021.
Flexport claims in a court filing that, “from the outset … the 747-400 suffered from numerous mechanical and other service failures … [as a] result of the failure by WGA to properly maintain and/or operate the aircraft”.
The aircraft became “inoperative” ...
APMM's Vincent Clerc on supply chain disruption
BBG: PE firms are feasting on China’s $5.5 billion logistics M&A
SA: As 10-year Treasury yield nears 1.5%, watch out for an 'equities riot'
PR: Mondiale + Visa Global Logistics 'merge creating A$1.2bn business'
Snapshot: WiseTech Global – 1H '21 revenue & ebitda up; stock hits 2021 lows
PR: Kuehne+Nagel forms strategic partnership with Chinese pharma specialist Jointown
SA: Tesla racks up $1bn profit on Bitcoin and counting
UBS on XPO Logistics: Highlights from a fireside chat with Brad Jacobs
SCMP: JD Log IPO expands e-commerce empire of China’s largest retail company
Hapag-Lloyd – 'very strong' earnings growth expected in Q1 '21
CNBC: After oil hits 13-month high, energy analyst warns prices may be ‘too frothy’
PR: Rhenus takes over BLG freight forwarding sites and opens up new markets
SA's Honeywill: Expeditors International Of Washington – great company, shares too pricey
COMMENTS 1
[email protected]
July 25, 2019 at 4:01 pmSo the moral of this story is that, no matter how many blockchains and whizbang internet applications you have, if you outsource the actual transportation to physical service providers, then your weakest link is still the sub contractor that YOU have selected.