The spin-off was carried out through the distribution of 80.1% of FedEx Freight's outstanding common stock to FedEx shareholders. FedEx retained a 19.9% stake in the newly independent company.
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By Timour Azhari RIYADH, July 27 (Reuters) - Yemen's Houthi Movement aims to replicate Iran's Hormuz Strait strategy in the Red Sea by disrupting shipping in the Bab el-Mandeb and hasbeen emboldened…
The United States Navy destroyer USS Frank E. Petersen Jr. (DDG-121) conducted a live-fire military exercise in the Arabian Sea on February 27, 2026. [US CENTCOM/Handout – Anadolu Agency ] "…
Massive wildfires currently raging in south-west France are disrupting rail traffic with all trains, passenger and freight, going south from Bordeaux and vice versa suspended…
Qatar's new diamond exchange is an effort to diversify from the country's main exports, LNG and petroleum products, which have been severely cut as a result of the Iran war and the Strait of Hormuz…
Details of Ukraine’s attack on shipping in the Caspian Sea over the weekend are still not clear. However, the Iranian reaction suggests that the attac...
The Baltic Air Freight Index (BAI00) fell 3.1 percent week-on-week to 20 July, marking a fourth consecutive weekly decline, although rates remained 17.0 percent higher year-on-year despite renewed…
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