Amazon.com Inc. announced on Wednesday that it will apply a 5% fuel and inflation tax on sellers who use its fulfillment and delivery services, the first time the business has implemented a fuel surcharge. The Seattle-based e-tailer (NASDAQ: AMZN) said in a memo to sellers that the extra, which takes...
Diesel futures prices have risen 45 cents in the last two trading days
On the CME commodity exchange, the price of ultra-low sulfur diesel has risen by more than 45 cents in just two trading days. The dramatic growth is being fueled in part by abnormally low diesel and jet fuel supplies. Both jet and diesel are distillates, and the recent high price...
WestJet expands its cargo segment with the launch of its first freighter and the appointment of a new CEO
The hiring of a new cargo head from one of the world's top cargo airlines to coincide with the arrival of a maiden freighter aircraft indicates WestJet's commitment to becoming a big player in airfreight. Kirsten de Bruijn was named executive vice president for cargo at WestJet last week, succeeding...