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Mexico's Nuvocargo snags $36.5 mln in investment tied to US-Mexico trade

Mexican shipping startup Nuvocargo announced on Tuesday it had raised $36.5 million in a new round led by QED Investors, as nearshoring offer new trade opportunities between Mexico and the U.S. ....

United States , Valentine Hilaire , Isabel Woodford , David Gregorio , Deepak Chhugani , Thomson Reuters Trust Principles , Tiger Global , North America , Chief Executive Officer Deepak Chhugani , Thomson Reuters Trust ,

UK's IDS targets return to profit after Royal Mail beats expectations

International Distributions Services is targeting a return to profit this financial year after its UK business Royal Mail made a 1 billion pound ($1.26 billion) loss last year, partly the result of strikes in a long-running pay dispute. ....

United Kingdom , Keith Williams , Subhranshu Sahu , Simon Thompson , Yadarisa Shabong , Thomson Reuters Trust Principles , Royal Mail , International Distributions Services , Distributions Services , Royal Mail United Kingdom , Thomson Reuters Trust ,

UPS tempers 2023 revenue view as freight volumes remain strained

United Parcel Service Inc on Tuesday pegged annual revenue at the lower end of its prior forecast and warned of persistent pressure on parcel volumes, sending shares of the world's largest parcel delivery firm sharply down. ....

Carol Tom , Shinjini Ganguli , Anthony Deruijter , Fedex Corp , Old Dominion Freight Line Inc , United Parcel Service Inc , Thomson Reuters Trust Principles , Parcel Service Inc , Thomson Reuters Trust ,