FedEx cost cuts aim to save $2.7 billion as demand weakens
FedEx Corp. expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions.
Energy crunch crimping Europe hurts demand for commodity ships
The cost of shipping commodities like grains, metals and coal has fallen as soaring energy prices in Europe throttle global economic growth.
Nikola investor lost $160,000 on Milton’s hype, he tells jury
Nikola Corp.’s founder cost a San Diego man about $160,000 trading the company’s hyped shares, he told the jury in Trevor Milton’s criminal fraud trial.
EU rushes to agree on an oil price cap after Putin’s threats
European Union member states are racing to clinch a political agreement within weeks that would impose a price cap on Russian oil.
A Nikola pickup without any Nikola parts: GM engineer testifies
Nikola Corp. founder Trevor Milton wasn’t truthful when he claimed his company was responsible for most of the components in a planned pickup truck General…
Peli BioThermal opens new service center in Japan
New Tokyo location in transportation hub spot to service expanding Crēdo™ on Demand rental program
MSC PSS - scope: Turkey to US West Coast
MSC announces below decreased PSS amount, from Turkey to USWC, effective September 21st, 2022 (last container gate in date), applicable to all equipment types.
Davies Turner rewards staff and recognises the economic challenges they face
Davies Turner is distributing 20% of the profits made in its last financial year to every qualifying member of staff that was in the company’s…
New diesel engine technology helps fleets meet 2027 EPA emission requirements now
A new technology designed to revolutionize the performance of diesel engines is helping fleet owners achieve 2027 EPA emissions standards right now. Today, SPI.Systems Corporation…
Heavylift cargo from India consigned for Thailand
Total Movements Ptv Ltd, a member of the Worldwide Project Consortium (WWPC) in India, reported about a successful multimodal transport of a 730 ton Heavlift…
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
