The Memphis-based parcel giant reported a net income of $4.57 billion, up 52 percent year-over-year. FedEx Corp. earnings surged 52 percent to $4.57 billion in its fiscal 2018 year, which ended May 31, according to the company’s most recent financial statements. The Memphis-based parcel and express carrier posted diluted earnings per share
Year: 2018
Port of Cork building new container terminal
Operations are expected to commence by 2020. The Port of Cork announced Tuesday it has launched an 80 million euro (U.S. $92.5 million) container terminal development project in Ringaskiddy. Port of Cork Chairman John Mullins said the development at Ringaskiddy will replace the existing container terminal at Tivoli. The development includes the
UK to end diesel, petrol cars sales by 2040
Britain still plans to end the sale of new diesel and petrol cars by 2040 and will set out more detail as soon as this week, a government source told Reuters on Tuesday after a report suggested the plans were being watered down. Reuters reports that the Prime Minister, Theresa May’s Conservative government said
Nigeria Plans Western Rail Line to Cover 9 States, Federal Capital
Minister of Transportation, Mr. Chibuike Amaechi, yesterday, said Nigeria's rail line would cover Western corridor of the country traversing nine states and the Federal Capital Territory, Abuja spanning a total of 1,402 kilometres. Amaechi at the Forum of China-Africa Transportation Convention in Beijing, China entitled, 'Better Transportation, Better World,' yesterday, said
Nigeria Tightens Airport Security Amidst Fears of Isis Attacks
The Nigerian government intensified stricter passenger screening and other tougher security measures for all commercial flights earlier this month, following threats of renewed attacks linked to the deadly Islamic State of Iraq and Syria (ISIS). Although no imminent threats were immediately identified by federal authorities, the reported influx of ISIS fighters
UPS to spend $130 million on new natural gas vehicles, fueling stations
Package delivery company UPS on Tuesday said it will invest $130 million to buy 730 compressed natural gas vehicles and build five more domestic CNG fueling stations as the industry moves to shift from petroleum-burning vehicles to those that use less-polluting alternative fuels. United Parcel Service Inc, along with rivals such as
New US. Auto tariffs would raise prices, cost jobs – Experts
If President Donald Trump delivers on threats to slap 25 percent tariffs on imported automobiles and parts, experts say it will cut auto sales and cost jobs in the U.S., Canada and Mexico. Trump has asked the Commerce Department to study the tariffs on national security grounds, hoping to bring back
Egypt increases fuel prices, as part of austerity measures
Egypt announced Saturday steep increases in fuel and cooking gas prices as part of the country’s economic reforms and austerity measures designed to overhaul the country’s ailing economy. The new prices went into effect Saturday morning, the Ministry of Oil said in a statement. Prices for cooking gas increased from 60 to
FedEx calls U.S. tariffs on Chinese goods ‘counterproductive’
A package of the FedEx courier delivery services company is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration Global delivery company FedEx Corp said on Friday that U.S. tariffs on Chinese goods will raise prices for American businesses and consumers and are “counterproductive to U.S. economic interests,” according to a
Airlines sold N505bn worth of tickets in 2017 – NCAA
Nigeria’s domestic carriers and international airlines operating into the country recorded combined ticket sales of N505.2bn in 2017, the Nigerian Civil Aviation Authority has said. The NCAA noted on Thursday that the figure increased by 14.2 percent or N82.7bn compared to the N422.4bn sales made in 2016. The Director-General, NCAA, Capt. Muhtar