FedEx’s quarterly earnings take hit from cyberattack, hurricane

After a record fourth quarter in its fiscal year 2017, FedEx’s 2018 fiscal year got off to a rougher start as TNT Express operations faced costly setbacks from a cyberattack, and as the company’s US operations felt the disruptive forces of Hurricane Harvey. Overall net income was down 17% year-over-year, to US$596 million on total […]
  • CarynLivingston
  • September 20, 2017

Forwarders discuss Sea-Tac logistics challenges

SEATTLE — The good times keep rolling for air cargo in 2017 with month after record-setting month, but an Airforwarders Association (AfA) panel at the Seattle-Tacoma International Airport (SEA) last night discussed an important point: How do you deal with too much of a good thing? “Sea-Tac’s current infrastructure wasn’t built for it to be […]
  • CarynLivingston
  • September 13, 2017