FREIGHTWAVES reports: Third-party logistics provider Flexport, flush with fresh investor funding, has tentatively ordered two large autonomous cargo jets with a 100-ton payload from startup aircraft manufacturer Natilus, part of a strategic effort to enhance customer service by directly controlling more transport capacity. San Diego-based Natilus on Wednesday announced $6 billion in advance...
CNBC reports: U.S. stocks fell on Thursday as investors’ renewed optimism on big tech names, driven by a slew of strong earnings, took a turn down after Facebook-parent Meta Platforms reported disappointing quarterly results. Losses deepened by the afternoon, with the Nasdaq Composite falling 3.7% to 13,878.82 for its worst day since September...
OIL PRICE reports: – Brent crude creeps closer to $90 per barrel on Wednesday morning – Russia-Ukraine crisis continues to spook oil markets – Falling U.S. crude inventories support bullish fundamentals Oil rose early on Wednesday to the highest level since 2014, with Brent approaching $90 a barrel, as resilient global demand despite the Omicron...
Erik Schatzker writes: Jeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even intervention by the Federal Reserve can’t prevent an eventual plunge of almost 50%. In a note posted Thursday, Grantham, the co-founder of Boston...
PRESS RELEASE Bertschi achieves sales of CHF 1 billion for first time in 2021 17.01.2022 Bertschi Group’s sales exceed CHF 1 billion mark for first time in 2021, with 13% growth – Sales up by 13% to CHF 1.02 billion – Despite the challenging market environment, Bertschi performed well and increased its proportion of worldwide business...
REUTERS reports: – Chairman Antonio Horta-Osorio apologies for personal actions – Quits within one year after taking charge – Bank appoints former UBS executive Axel Lehmann as chairman – Credit Suisse announced big revamp in November Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of COVID-19 rules,...
TRANSPORT INTELLIGENCE‘s Thomas Cullen writes: The United States Government has embarked on an apparently huge programme of infrastructure investment and logistics infrastructure is high on the list of targets for expenditure. It is now attempting to implement some of the ideas for investment. American President Joe Biden’s fiscal policies may be controversial in the...
THE GUARDIAN reports: The price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the same month last year – the seventh consecutive month in which inflation has topped 5%. The news represents a blow to the Biden administration and the...
REUTERS reports: Amazon.com Inc and Stellantis NV (STLA.MI) said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy electric vans made by Stellantis on Amazon’s delivery network. The agreements expand Amazon’s efforts to get a bigger foothold in the transportation industry, and could help Stellantis close the gap...
PRESS RELEASE BOLLORÉ HAS RECEIVED AN OFFER FROM MSC FOR THE PURCHASE OF BOLLORÉ AFRICA LOGISTICS. BOLLORÉ HAS GRANTED AN EXCLUSIVITY TO THE OFFEROR The Bolloré Group announces that it has received an offer from the MSC Group, a major player in container transport and logistics, to acquire 100% of Bolloré Africa Logistics, comprising all of the...
