FedEx sees peak season bounce

US parcels giant FedEx saw third quarter revenues up four per cent to $11.7bn. “We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Fred Smith, FedEx Corp chairman, president and chief executive officer. Operating results for the third quarter ended...

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FedEx swaps sides in Illinois

Federal Express officially started operations at Central Illinois Regional Airport (CIRA) in Bloomington on February 2. It follows an announcement in May 2014 that it was pulling out of its operation at nearby Peoria airport, on the west bank of the Illinois River. The express carrier said the move would allow it to upgrade its priority overnight...

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Cargo traffic at Russian seaports in Jan-Oct 2014 grows 6% to 518.5 million tonnes

Handling of exports, imports and transit cargo at Russian seaports in January-October 2014 increased by 6% compared with the same period last year to 518,5 million tonnes, the Association of Commercial Sea Ports (ASOP) of Russia said. The ASOP statistics shows that dry cargo amounted to 239.9 million tonnes (+ 13.3%), including: coal - 97.2 million tonnes (+ 14.7%), containerized cargo - 39 1 million tonnes (+ 5.8%), grain - 25.5 million tonnes (a 1.8 times surge), ferrous metals - 19.4 million...

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