CMA CGM will carry on investing after 'solid' Q1, despite unclear outlook
CMA CGM’s shipping line was exactly in line with the average market growth in Q1, ...
FedEx is targeting market share from freight forwarders, it said, as it announced fourth-quarter results buoyed by growth in e-commerce.
It reported a loss of $334m on the back of revenue of $17.4bn in Q4, a better-than-expected Covid-19 period, it said, with an operating margin of 2.7%.
Full-year results showed net income of $1.29bn on revenues of $69.2bn, with an operating margin of 3.5%.
FedEx said it had “hit the bottom” in mid-April, but had seen week-on-week improvement since, and could see signs ...
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