FW: Uber Freight – Ebita loss widens but revenue improves
FREIGHTWAVES reports: Uber Freight posted its eighth consecutive quarter of negative earnings before interest, taxes, depreciation ...
FREIGHTWAVES writes:
Zongteng Group, a major provider of cross-border warehousing and logistics services for e-commerce sellers, announced Monday the acquisition of its first freighter to help customers reach global markets faster.
The news follows a growing trend of online sales platforms, such as Amazon and JD.com, and logistics providers creating private-label airlines to better control capacity and service reliability rather than exclusively rely on scheduled, multiparty carriers.
Shenzhen, China-based Zongteng Group purchased a second-hand Boeing 777 freighter to increase its warehouse fulfillment capabilities, a spokesperson ...
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