FedEx

Online shopping surge, coronavirus breed new e-commerce alliances

There are more ways to help businesses struggling during the coronavirus crisis than loans and direct payments. The Australian government has operationalized an international airfreight support program to restore supply chains for perishables that were broken by the pandemic, threatening to kill business for many exporters.

FAA cuts tower hours for air traffic control, but airports should continue to function smoothly.

Prominent transportation leaders are part of a business task force offering ideas on when and how to lift coronavirus restrictions.

Rate slack at heart of White House decision to deny agency direct COVID-19 aid

Drone use for package deliveries is expected to remain largely grounded by regulatory and infrastructural hurdles during the next few years, according to Frost and Sullivan.

Cargo planes are in high demand these days because they are the fastest way to get vital medical equipment and supplies to health care workers trying to save the lives of those infected with the coronavirus. But inflexible regulations and bureaucrats can undermine that speed.

FedEx provides a rather dim near-term outlook on operations and announces cost savings and balance sheet actions to preserve liquidity.

The USPS received a $10 billion line of credit in the U.S. Senate version of the coronavirus relief bill. What will the U.S. House of Representatives do?

We discuss the different strategies FedEx and XPO use to build shareholder value.

FedEx is using its air-and-ground express network to delivery COVID-19 test specimens to labs, while UPS used its expertise to help the federal government set up the drive-through program

Oil exporting countries might lose upto 85% of income this year; big 3 automakers partially close plants; Amazon suspends shipment of non-essential items.

Company suspends fiscal 2020 earnings forecast due to COVID-19 outbreak

Deutsche Post World has lowered its guidance for the year and cited Amazon’s continuing insourcing of logistics as a major reason. Plus, Goldman Sachs is predicting a 5% contraction in the economy, labor shortages could hamper restocking of shelves, and the Fed slashes interest rates.

Chief Financial Officer Alan Graf to retire at year-end. Corporate Vice President and Treasurer Mike Lenz to assume the role in September.

Green delivery vehicle arms race heats up

Final-mile smart lock provider BoxLock announces $4.5 million funding round.

FedEx paid the Big Apple $9.8 million in fines as multiple users compete for limited curb space.

UPS pilots stand to see improved wages and retirement benefits from a new contract.

Daseke has found a permanent replacement for its retired founder and namesake Don Daseke, naming interim CEO Chris Easter to the position. Plus, Valentine’s Day logistics, truckers in Oregon get political and Chinese truck capacity shrinks.