Logistics News
- Target Cancels More Than $1.5 Billion of Orders in Q2Target said it reduced its inventory of non-essential goods throughout the second quarter by canceling more than $1.5 billion in orders and lowering commodity prices.Logistics News August 24, 2022
- China Railway Express has reached 196 cities in EuropeAs of the end of July this year, the China-European train has paved 82 transport routes, reaching 196 cities in 24 European countries.Logistics News August 24, 2022
- U.S. Core CPI Rises Less Than Estimates in JulyThe latest U.S. CPI data was released. The July CPI year-on-year and month-on-month data were both lower than expected, indicating that inflation peaked and fell temporarily. But inflationary pressures remained strong, with the food price index rising 10.9 percent year-on-year, the fastest pace since May 1979. Although the energy price index fell month-on-month, electricity prices rose 1.6%.Logistics News August 23, 2022
- UK's largest port strike poses challenge to supply chainsOn 21 August, more than 1,900 port workers at the UK port of Felixstowe began an eight-day strike over wages that is expected to affect supply chains across Europe.Logistics News August 23, 2022
- Target (TGT) Q2 2022 Earnings: Net Profit Plunges 90%This week, "Target", the second-largest U.S. department store, released its Q2 2022 earnings. The earnings showed that revenue was US$26.037 billion, a year-on-year increase of 3.5%, slightly lower than market expectations; net profit was US$183 million, a year-on-year drop of 90%.Logistics News August 23, 2022
- CMA CGM Air Cargo Scheduled Flights from HKG to CDGCMA CGM AIR CARGO,delivering at the highest level. This new operational and commercial arm specialized in air freight transportation complements all the solutions we already provide for our customers, enabling us to support their entire transportation and logistics chain.Logistics News August 23, 2022
- Top 25 Air Cargo Carriers (IATA) in 2021The top 25 global air cargo carriers are newly released. Source: IATA 2021 World Air Transport Statistics. FedEx has once again topped IATA's cargo rankings.Logistics News August 22, 2022
- Top Shipping Carriers - Share of The World Liner Fleet 2022MSC and Maersk operated 17.4 and 16.6% of the world liner fleet, respectively. CMA CGM ranked third ith a share 12.8%. Data sources by Alphaliner.Logistics News August 22, 2022
- Amazon to Charge Peak Season Fee for Fulfillment ServicesFrom October 15th to January 14th, third-party sellers using Fulfillment by Amazon (FBA) must pay $0.35 per item sold in the U.S. or Canada.Logistics News August 19, 2022
- Top 10 Strongest Logistics Brands 2022Recently, the ranking of "Top 10 Strongest Logistics Brands 2022" released by Brand Finance, a global authoritative brand value evaluation agency, shows that SF Express and JD Logistics entered the top 10, SF Express ranked 4th, and JD Logistics ranked 8th. In addition, UPS, FedEx, and USPS are on the list.Logistics News August 18, 2022