Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Cargo owners should brace for a “cliff event” similar to the turmoil in the early ...
© Alexey Novikov
FedEx has taken the US government to court, claiming it should not be held liable for inadvertently shipping products violating export bans on some Chinese companies. Reuters reports the parcel delivery firm took action after angering China by returning a Huawei-marked package to its sender last week. Shares in the company dropped 2.7% after that news became public, with fears China would blacklist FedEx. The company claimed the incident was a mistake. In court filings it says it should not ...
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