FedEx gets no Wall Street love for stellar results
FedEx shares get hammered despite record performance at Express and LTL units. The focus is on lagging margins at FedEx Ground.
Modern Shipper covers the gig economy, including same-day, on-demand, and last-mile delivery jobs and services. Readers will find current news on gig economy companies, gig economy workers, gig economy data and trends. In addition, Modern Shipper focuses on e-commerce, e-commerce platforms and companies, and e-commerce services and technologies.
FedEx shares get hammered despite record performance at Express and LTL units. The focus is on lagging margins at FedEx Ground.
Shares take a hard hit in after-hours trade despite blowout fiscal second-quarter results across the board.
Business-to-business exemption may play key role if trucking falls under employee classification law
U.K.-based Arrival picks Charlotte, North Carolina, as its North American headquarters. It’s a 30-minute drive from its planned microfactory in South Carolina and close to UPS, a major customer for its electric vans.
Motiv Power is adding to its order book for medium-duty electrified chassis and generating revenue. Special purpose acquisition company (SPAC) interest is growing.
The inside-out design of Canoo electric delivery vehicle means it could have many appearances as public trading for the $600 million SPAC-sponsored startup nears.
The legality of AB5 in the California trucking sector is hurtling down two tracks, but the fight against it has been set back
Electric delivery van maker Workhorse Group draws tough questions from analysts following battery supply issue and lack of deliveries to UPS.