Deutsche Post DHL set a new target for an operating profit of 5.3 billion euros for 2022 and plans to invest heavily in areas like warehouse automation and analytics as it aims to keep up with fast-growing e-commerce.
Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract.
Deutsche Post DHL Group on Thursday forecast profit growth for this year that lagged analysts’ expectations, but played down concerns over global trade, saying more complex supply chains could benefit its business.
Nike Inc shares rose 8% on Friday, after the company's solid quarterly results eased worries that escalating trade tensions between Washington and Beijing would weigh on China demand and hurt the group's growth.
Amazon has announced an expansion of its partnership with Air Transport Services Group, Inc. (ATSG) by leasing an additional 10 aircraft to support Amazon’s growth of fast, free delivery service Prime Fast.