FedEx sells supply chain unit to CMA CGM for $1.4B
FedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary.
FedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary.
(The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.) In a major ruling issued yesterday, the U.S. Supreme Court said President Trump can remove members of the Federal Trade Commission (FTC) without having to show “cause,” such as poor performance or misconduct. […]
A potential breakthrough in the Middle East could soon ease major headaches for truckers, shippers, and manufacturers worldwide. On Friday, U.S. and Iranian leaders are set to formally sign a 14-point memorandum of understanding (MOU) in Switzerland. This interim deal aims to end recent fighting, reopen the Strait of Hormuz, and start 60 days of […]
The fastest way for Amazon to add a premium expedited tier to its new national LTL network is to buy the one carrier already built for it — and already on the auction block Amazon (NASDAQ: AMZN) opened its less-than-truckload network to all businesses this week, and the market reaction was muted. Shares of the […]
Amazon has opened up its trucking network to partial-load shippers who need pallets delivered to their door, as part of a full suite of supply chain services available to third-party businesses.
FedEx pilots have finally approved a collective bargaining agreement after years of labor unrest.
The freight downturn that defined 2023 and 2024 has decisively reversed, and the May data clarifies the mechanism behind it: industrial production, rather than consumer spending or inventory restocking, is now driving the cycle. FreightWaves identified the inflection months ago. The latest readings from the Institute for Supply Management and the Logistics Managers’ Index, corroborated […]
One week ago today, the U.S. Supreme Court issued a unanimous 9-0 decision in Montgomery v. Caribe Transport II that is already reshaping the $800-billion-plus truckload brokerage sector. The Court ruled that the Federal Aviation Administration Authorization Act (FAAAA) does not preempt state-law negligent hiring claims against brokers. In plain English: brokers can now be […]
Federal Motor Carrier Safety Administration Administrator Derek Barrs sat down with me and Matt Leffler in our Chattanooga studio this week for a live taping of Freight Expectations. What I came away with — beyond the hour of substantive policy conversation — was the clearest articulation yet of why this administration is having a measurable, […]
Sen. Tom Cotton of Arkansas is calling for an investigation into Chinese-controlled parcel delivery companies in the U.S., saying they receive heavy subsidies that allow them to underprice domestic carriers and could be sharing critical U.S. market data with the Chinese government.
Spot rates hit $3.55 a mile yesterday — a clear signal that capacity is not flowing in to relieve the tightness we saw during road check week. And we’re heading into Memorial Day, which historically creates a surge as shippers push product out ahead of the holiday and carriers take time off with their families. […]
Target has recruited ex-Walmart exec Jeff England away from QXO to be its next chief supply chain officer.
Amazon is expanding its new 30-minute delivery service to dozens of U.S. cities this year.
Six months after the crash of a UPS plane and the FAA ordered the grounding of all MD-11 aircraft, FedEx has been authorized to fly the freighter jets again.
Autopilot helps project44 customers build and deploy their own AI agents.
The U.S. Postal Service made strides in the second quarter reducing heavy losses, but has a long way to go to become profitable.
FedEx is in the final stages of resurrecting its MD-11 fleet after helping Boeing redesign a part that contributed to the fiery crash of a UPS jet in November, executives said during an employee briefing on Wednesday.
DHL Express gets four years of labor peace after Teamster union workers voted in favor of a negotiated contract.
Amazon announced that same-day grocery delivery is now available to Business Prime members.
Amazon announced it has stitched together logistics services into a unified supply chain product for manufacturers and retailers to move and distribute heavy freight and parcels, which poses a potential threat to other freight management and transport companies.