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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Dubai drives October's cargo surge

A Dubai cargo surge helped global air freight traffic maintain an upward trend in volumes with a year-over-year growth rate of five per cent for October, reports Airports Council International (ACI). Overall worldwide accumulated volumes for the last twelve months rose by 4.6 per cent. International freight volumes jumped up by 5.6 per cent, whereas...

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