Shipping Demand News Today : Breaking News, Live Updates & Top Stories | Vimarsana

a lot of coverage about princess anne here in the uk and the way she's risen to this occasion. the vigil is now over. you can see the king leading the siblings away now. so that's the end of that. there's 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. we're hearing earlier how all of the siblings were close to the queen in their own way. princess anne's was through horses and country pursuits which is what they shared in balmoral togeth...

>> they're 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 world's 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 they're going into cost-cutting mode. which means they are cutting worker hours, freezing hiring, shutting almost 100 locations, and they're also shutti...

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