Shipping Demand News Today

a lot of coverage about princess anne here in the uk and the way shes risen to this occasion. the vigil is now over. you can see the king leading the siblings away now. so thats the end of that. theres princess anne and her full ceremonial uniform. so an extraordinary moment for those members of the public as they file through. princess anne accompanying the coffin throughout this whole process. were hearing earlier how all of the siblings were close to the queen in their own way. prin...

>> theyre seeing weakening demand, which is a big deal. because fedex is really on the front lines of the economy, right? they have this unique vantage point, by being one of the worlds largest shipping companies. and they say shipping demand has weakened considerably, and they expect this trend to continue. they have slashed this sales guidance by more than $1 billion. the ceo went on cnbc to say that a global recession is likely coming and theyre going into cost-cutting mode. which means they ...

Shippers are trying to reset contract agreements to cut expenses, but costs remain several times higher than before the Covid-19 pandemic