
FedEx resumes Israel services, imposes surcharge on select routes
The exchange of missile fire between Israel and Iran had forced carriers to cancel or divert thousands of flights, shutting off much of the region's airspace.
FedEx also said it would apply a demand surcharge on all FedEx and TNT shipments to and from Israel for India, the United Arab Emirates and South Africa due to increased operational costs.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Pooja Desai)

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Today's boats are equipped with advanced sensors, integrated electronics, and intelligent software that enable real-time monitoring, remote control, and automated operations. These connected systems provide live updates and AI-based forecasts that help operators plan safer routes, avoid rough waters, and maintain vessel stability through automated adjustments. Predictive maintenance powered by sensors further enhances safety and keeps critical systems in peak condition. Beyond operational efficiency, this technological shift meets growing passenger demand for seamless, personalized experiences, from managing bookings and accessing onboard services through mobile apps to real-time insights that optimize speed and fuel use. As competition intensifies, leading boating companies are investing in smart features to differentiate their offerings, attract new customers, and strengthen market position Electrification and Hybridization Strengthen Growth Potential in the Recreational Boating Market Electrification and hybridization are reshaping the global recreational boating market as demand grows for cleaner, quieter, and more efficient vessels. Manufacturers are adopting battery-powered electric motors and hybrid systems to reduce emissions, improve performance, and meet stricter environmental regulations. Fully electric boats offer zero-emission cruising, protecting water and air quality in lakes, rivers, and coastal areas, a key selling point for eco-conscious buyers. Hybrid boats provide flexible, low-emission cruising at lower speeds while extending range when needed. Electric motors cut fuel costs, require less maintenance due to fewer moving parts, and deliver longer service life than traditional engines. As infrastructure expands and sustainability gains priority, electrification and hybridization are set to remain key trends shaping the future of the global recreational boating market. Recreational Boat Market Recent News BENETEAU is planning to launch a new series of boats and redesign three models of Gran Turismo in the mid of 2025 includes the Gran Turismo 35, the Gran Turismo 40, and the Gran Turismo 50. In 2024, Brunswick Corporation introduced 15 new exciting products, including Sea Ray, Simrad, Harris Pontoons, Princecraft, Veer, and Mercury Marine. In 2024, Azimut-Benetti Group and Rolls-Royce will be working more closely together on yacht propulsion systems. It's a 4-year partnership and framework agreement on cooperation signed. Surging Water Sports & Leisure Participation Strengthens Growth Outlook for the Market Accelerating participation in water sports and leisure boating is emerging as a critical demand catalyst in the global recreational boating market, supported by evolving consumer lifestyles, increasing health and wellness priorities, and growing accessibility through rentals and sharing models. The market is benefiting from steady growth across high-interest segments such as recreational fishing, day cruising, paddleboarding, kayaking, waterskiing, tubing, wakesurfing, and wakeboarding, with younger demographics fueling the momentum behind wake sports. Social media culture continues to amplify visibility and aspiration for boating experiences, driving new adoption and repeat usage. Technological advances, including efficient boat designs, next-generation surf systems, and wake-shaping technologies, are further enhancing the user experience and encouraging upgrades and new purchases. 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