All Fedex articles
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ArticleBattling a perfect storm
The finished vehicle sector in North America is dealing with a lot of challenges at the moment. There is a basic imbalance in the number of vehicles that the US imports and exports with its global trading partners, which contributes to ongoing problems involving congestion and limited capacity on hinterland ...
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ArticleWaking up to a new dawn
Brazilian vehicle manufacturers are increasingly optimistic that the country can claw its way out of a deep recession. The country is experiencing a period of low inflation, low interest rates, light GDP growth and a tentative recovery in employment, reflected in improving purchasing power and consumer confidence. Moreover, consumers with ...
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ArticleBlockchain technology: Quicker off the blocks
As global trade intensifies, so do the risks associated with cyber-breaches, fraud and limited visibility for shippers to track and trace international shipments across the end-to-end supply chain. While digital connectivity introduces a whole new set of risks and potential disruptions to global trade, big data and industry stakeholders, breakthroughs ...
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ArticleFedEx puts hit from recent cyber-attack at $300m
Global courier FedEx has valued the impact of June's NotPetya cyber-attack on its TNT Express subsidiary at $300m, mostly relating to lost revenues.The cyber-attack happened on June 27th, hitting as many as 7,000 companies globally. It was distributed through Ukrainian accounting software called MeDoc, used for filing tax returns in ...
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ArticleFedEx admits TNT hasn’t fully recovered from June’s cyber-attack
Global courier company FedEx has admitted that its subsidiary TNT Express is continuing to suffer from the effects of last month’s cyber-attack. The firm is still processing some transactions manually, it said, and some data may never be fully recovered.“All TNT depots, hubs and facilities are operational and most TNT ...
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ArticleMaersk resumes online orders as port operations recover after cyber-attack
AP Moller-Maersk has resumed taking online bookings and said operations at all of the ports it has terminals at were now running “close to normal” after Tuesday’s cyber-attack.Earlier this week, Maersk, one of the world’s biggest ocean carriers with 600 vessels, said the ransomware attack had brought down IT systems ...
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ArticleFedEx connects TNT’s hub in Liège to Memphis
Following last year’s acquisition of TNT, global courier FedEx Express has launched a regular flight service from TNT’s European hub in Belgium to the FedEx world hub in Memphis.Boeing 777 freighters with 116 tons of capacity are being used for the flights, which take place five days a week from ...
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ArticleConsolidation in logistics: Big fish eat the little fish...
The big players in automotive logistics are getting bigger after a record year for mergers and acquisitions, with middle players at particular risk of being subsumed. So will this trend continue?There has been a growing trend for consolidation in the third party logistics sector over the past few years, including ...