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Ahead of holidays, FedEx leans on special bonuses to keep pilots from retiring

Posted By Tony Sanchez / Airlines / 0 Comments

October 4, 2018 With the peak holiday shipping season fast-approaching, global package delivery giant FedEx Corp is paying retirement-age pilots bonuses of $40,000 – and potentially as much as $110,000 – to keep them flying into next year. The bonuses, outlined in the latest pilot contract and previously unreported, reveal that a wave of pilot […]

Drewry: Container Demand Forecast Downgraded

Posted By Tony Sanchez / Cargo News / 0 Comments

October 4, 2018 Amid a gloomier world economic outlook and rising trade tensions, the forecast for container demand was downgraded for the next five years, shipping consultancy Drewry said. Previously, the global supply-demand index was expected to take incremental steps upwards through 2022, by which time the industry would at long last be close to equilibrium. […]