Logistics-companies

Canada Post lost $748 million last year, warns of ‘critical’ financial situation

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Politics·New Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies. Crown corporation could run out of money in less than a year, cites declining revenue and stiff competition CBC News · Posted: May 03, 2024 … Read more

Shein, Temu and other e-commerce retailers are upending global air cargo industry

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The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say. Shein, PDD Group’s Temu and ByteDance’s TikTok Shop, which recently launched online shopping in the U.S., ship the majority … Read more