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FedEx has not seen much impact from Red Sea disruptions, CEO says By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
(Corrects paragraph 2 to say Subramaniam took over as CEO in 2022, not 2023) NEW YORK (Reuters) - U.S. parcel delivery giant FedEx Corp said that it . ....
U.S. parcel delivery giant FedEx Corp said that it hasn't seen much of a shift to air freight due to disruptions in the Red Sea that have tacked on nearly two weeks to shipping transit times. "Shipping over the ocean makes up 90% of global commerce so even a small change would have an impact, but we haven't seen much yet," CEO Raj Subramaniam said at the National Retail Conference on Sunday. Subramaniam, who took over the reins as CEO in June 2022, said air freight rates have remained stable. ....
Biz group backs govt's plan to tax online sellers inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.