Last week’s financial report by activist investor Source Point Capital, which made a series of claims about XPO Logistics that led to a dramatic decline in its share price, has been heavily criticised by other Wall St financial analysts.
The …
CBS reports: “From the unending roar of jet engines to the constant hum of conveyor belts, it’s beginning to sound a lot like Christmas at UPS Worldport, in Louisville, Ky. The shipping company expects to deliver around 800 million packages …
CNBC reports: “Oil prices fell on Monday on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over the prospects for global economic growth and fuel demand. Brent crude oil was down 66 …
Zero Hedge writes: “For the second month in a row, homebuilder optimism crashed amid broad-based declines across sales, expectations and buyer traffic (down 4 to 56 and well below the 60 print expected) as hope begins to collapse back to …
Volga-Dnepr is moving closer to its “cargo supermarket” concept, by which it would offer its full range of shipments, from generators to small packages.
Its latest move, an MoU with Alibaba’s logistics arm, Cainiao, to develop a cross-border shipment network, …
The prospect of unmanned container vessels serving global container supply chains took another step forward today.
Sea Machines Robotics, a US developer of autonomous vessels, announced it had raised $10m from venture capital funds.
The investors were led by Accomplice …
PRESS RELEASE DECEMBER 18
Saudia Cargo helped bring the Saudia Airlines sponsored FIA’s Formula-E championship to Riyadh. Saudia, for the first time, is sponsoring the season opening race for the ABB FIA Formula E Championship that will be held, also …
