Memphis, Tenn. (AP) - FedEx says it’ll be giving wage increases, bonuses and make a voluntary $1.5 billion contribution to the company’s pension plan, citing recent tax reform legislation. The package delivery company follows others doing the same, including Home Depot, Disney, Starbucks and Walmart. Imagine your Ad placed here FedEx Corp. said Friday that it’ll
Month: February 2018
Zimbabwe’s National Railways Fails to Move 200,000t Chrome Ore
A National Railways of Zimbabwe train en route Bulawayo Ferro-chrome producer, Zimasco, is stuck with over 200 000 tonnes of ore after the National Railways of Zimbabwe (NRZ) failed to fulfill its obligation to transport them due to a shortage of wagons. Zimasco marketing manager Mrs. Clara Sadomba said the firm and NRZ
Power Blackout in Sudan’s Historic Suakin Port
Ancient city Suakin Port of Sudan Suakin (Radio Dabanga, Amsterdam) - The historic port of Suakin in Sudan's Red Sea state has reportedly suffered a complete power blackout for the last three weeks as power generators have broken-down. A resident of Suakin said in an interview with Radio Dabanga that the power outage
Boeing’s 2018 goal: A new plane every 11 hours
Boeing 787 Boeing is looking at another record year of deliveries - if suppliers can keep up. The planemaker expects to deliver between 810 and 815 commercial airplanes in 2018. That means it will have to complete one roughly every 11 hours. The world's airlines have an insatiable appetite for new airplanes thanks
Airbus out ahead of Boeing’s 797 with new jet, debuts longest-range single-aisle jet
Airbus has debuted its much-anticipated A321LR, the world's longest-range jet with a single aisle currently in production. The plane took its maiden flight Wednesday from the European plane maker's factory in Hamburg, Germany. 'LR' stands for longer range. The plane can fly for 4,000 nautical miles or about eight hours of
Bolloré extends network to Scandinavia with purchase of Danish forwarder
In a bid to broaden its network into the Scandinavian territory, French forwarder Bolloré Logistics purchased a majority stake in the Danish freight forwarder Global Solutions A/S. This acquisition, the company said, is part of its strategy of “development through external growth.” Bolloré, which has a presence in Norway, will now operate out
Lekki toll review: No increase in transport fare —NURTW
Executive members of the Nigeria Union of Road Transport Workers (NURTW), Jakande, Eti-Osa, and Ajah chapter of Lagos State, and some LCC management staff, after a recent stakeholders meeting on the Eti-Osa/Lekki-Epe Expressway toll review. The Nigeria Union of Road Transport Workers (NURTW), Jakande, Eti-Osa Local Government Area of Lagos State, has
British forwarders demand infrastructure investment following NIC report
Heathrow airport cargo terminal Shortly after a report was released Friday in the United Kingdom, criticizing the slow pace on infrastructure development across the country, the British International Freight Association (BIFA), representing U.K.-based freight forwarders, echoed similar admonishments to Parliament regarding the continuing delays in the third-runway project for Heathrow Airport. In the
Ford wants to patent a driverless police car that ambushes lawbreakers using artificial intelligence
What if a police officer tapping on your car window asking for your license and registration became a relic of the past? Ford has filed for a patent on an autonomous police car. While patent filings don’t always come to fruition, the mere fact that this idea is in development is mildly unnerving. The
Final 2017 results show healthy growth, yields for airfreight industry
The double-digit growth recorded through most of 2017 added up to the strongest growth over a calendar year since 2010, IATA reported today, as freight tonne kilometers across the airfreight industry rose by 9 percent for the year, compared to 2016. Last year saw improvement in world trade conditions generally while