NEWS
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FedEx Freight cuts back on trucking as LTL shipments drop 18pc
AMERICA's biggest trucking company FedEx Freight is cutting costs as it adapts to a softer US economy and weaker less-than-truckload (LTL) freight market, reports New York's Journal of Commerce.FedEx Freight will close 29 bases out of 400 LTL terminals by August, the company told Wall Str...
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Major carriers join officialdom's carbon craze - but not Yang Ming
THE net zero targets of 85 per cent of the global containership fleet are much more ambitious than the UN's International Maritime Organisation (IMO), which is under pressure to follow their lead, according to London's Drewry Maritime Research."It is a sign of the times that the sust...
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GLG says Beijing wants to know too much, so jobs cut
EXPERT network consulting company Gerson Lehrman Group (GLG), of New York, has become the latest due diligence firm to cut jobs in China as Beijing intensifies its scrutiny on security grounds, reports London's Financial Times.GLG, which maintains a network of specialists that global investor...
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