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Uber Agrees to Sell its European Freight Unit to Sennder

Article written by Sarah Syed Uber Technologies Inc. has agreed to sell its European freight business in an all-stock transaction to Berlin-based logistics startup Sennder. The deal values the unit at less that 900 million euros ($1.1 billion), a person familiar with the situation said, asking not the be identified as the details are private. Uber will […]

FedEx Surges as E-Commerce Demand Sends Profit Climbing

Article written by Thomas Black FedEx Corp. surged as a wave of e-commerce demand bolstered pricing power and propelled earnings amid the coronavirus pandemic. Sales at the ground-delivery unit jumped 36% to $7 billion and operating margins rose to 11.8%, the highest in a year, FedEx said in a statement Tuesday. That helped push the courier’s total earnings […]

Transportation and Logistics Systems, Inc. Is Accelerating Its Growth With Planned Acquisition of GRC Trucking, Inc.

New York, New York–(Newsfile Corp. – February 26, 2020) – The e-commerce market, led by industry giants Amazon, Apple, and Walmart, is expected to become a more than $4.8 trillion economy by the year 2021. And, while investors may have done well by recognizing the growth potential in those companies more than two decades ago, […]

LiteLink Technologies Opens Digital Payments Division in Tech City and hires James Youn as President

VANCOUVER, B.C., March 01, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) (“LiteLink”), a key player Logistics & Payment Systems with Artificial Intelligence is opening their flagship digital payments division through one of its wholly-owned subsidiaries.  uBUCK Technologies SEZC (“uBUCK Tech”) will be located in Tech City Cayman, a special economic zone by Cayman […]