Business in Brief

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FedEx expects shipments to Israel to double this year

Global shipping company FedEx has announced that this week's online cyber-Monday was the busiest shopping day the company has experienced in its 40 years. The company handled 22 million packages on Monday, the largest amount it is has ever handled on a single day. Altogether, FedEx expects to handle 85 million packages this week, the largest weekly amount ever. The surge in orders is attributed largely to purchases ahead of Christmas in the United States, where shopping has become an inseparable part of the Christmas holiday. However, increased FedEx traffic is being felt in Israel, too. The company’s Israeli representative said Tuesday that a 300% increase is expected in the number of shipments sent by FedEx to private customers in Israel from abroad this week, compared to the same week last year. The number of FedEx shipments to private customers in Israel this year has increased 100% compared to last year, he added. (Zohar Blumenkrantz)

Court approves sale of local Office Depot franchise to Retail 3000

The sale of the local franchise of Office Depot to the Retail 3000 group was approved by the Lod District Court Monday evening. Retail 3000 will pay NIS 1.4 million to acquire the company. It has also agreed to retain at 65% of the chain’s 780 employees after the purchase. The company will operate the franchise under the Office Depot brand name for the next 30 days while it negotiates with the global company over franchise rights. (Yasmin Gueta)

Three Ashdod Port board members to be fired, including chairman

The director of Israel’s Government Companies Authority Uri Yogev announced on Monday that he would be removing three members of the Ashdod Port’s board, including its chairman Gideon Siterman. The other two board members named were Sarit Bublil and Arie Bardugo. Yogev pointed to various irregularities in the port’s management during the board members' tenure as the reason for their removal. Finance Ministry officials said that Transportation Minister Yisrael Katz adamantly opposed Yogev’s move but can do nothing to prevent it. There has been bad blood between Yogev and Katz since Katz fired Yogev from his position as chairman of Israel Railways a year ago. (Avi Bar-Eli)

Hyundai, Toyota and Kia lead automobile brands in number of deliveries to Israel

Some 17,000 automobiles were delivered to Israel last month, bringing total auto deliveries over the past 11 months to 200,996, a 3.5% increase in the number of cars delivered to Israel over the first 11 months of last year. However, the number of cars imported this year is not expected to exceed the record of 226,000 in 2011. Hyundai was the automobile brand with the most automobiles imported with 31,262 delivered this year, followed by Toyota with 20,328 cars and Kia with 19,665 cars. (Daniel Schmil)

FedEx truck trailers sit idle in Rialto, California.Credit: Bloomberg

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