China approves drone package delivery; driver pay is up 15% in 3 years; Hapag-Lloyd has a plan to switch to low sulphur fuel; Trump gears up for fight with Amazon; Barclay’s thinks WTI crude will drop to $51 this year.
Long-haul trucking is the most challenging duty cycle for a battery-electric vehicle to perform, given the long distances required at freeway speeds with a heavy payload in tow.
New 12 month price targets for FedEx stock range from $260-$310, representing 20% of the company’s value and reflecting uncertainty about how the parcel carrier will improve margins and find synergies with TNT.
President Donald Trump is blaming a “very sick individual or individuals” for a series of bombings in Austin, TX. Trump said during an Oval Office meeting Tuesday with Saudi Arabia’s Crown Prince Mohammed bin Salman that the situation is “terrible.” “This is obviously a very sick individual or individuals,” he says, and authorities are “working […]
Transport stocks outperforming broader economy; FedEx adds robots to distribution centers; Knight-Swift picks up a 400 truck fleet; CMA CGM turned around in 2017; Union Pacific’s drones monitoring workers cause union trouble.
Volkswagen invests $25B in EVs; Tesla exposed to neodymium supply shocks; FedEx to announce earnings today; Union Pacific plans $127M capex in Arkansas; Maersk says Canadian container trade growth will outpace U.S. in 2018.
On top of creating a Godzilla-size footprint across the world, Amazon has also put together a string of strong quarters, 11 to be exact. How significant is their disruption into the carrier space?
Transport stocks were not immune to the big sell-off on Wall Street on Monday, with the Dow Jones Transport Index falling 336.77 points to 10,350.41, a 3.15% fall on the day.
FedEx, in association with BiTA, is looking to create more transparency and data security in logistics operations through blockchain technology.
FedEx Corp. will accelerate pay increases for hourly employees this year as part of its response to the new tax law and expected benefits from it. The company will also make investments in facilities in Indianapolis and Memphis.
1.4 million returns on National Returns Day, Jan. 3, a fifth consecutive annual record, up 8% from prior year.
51% of all returns occur in January, when Americans will send back $30B of unwanted gifts. Reverse logistics represent a huge cost increasingly eaten by retailers, while 3PLs stand to make big margins.
This afternoon FedEx announced its Q2 earnings for fiscal year 2018, which exceeded analyst expectations. FedEx cited higher base rates, volume growth, and cheap fuel as factors in the company’s performance.
One of the big mysteries around hours of service is personal conveyance. When can a driver use a vehicle for personal reasons without it counting against their driving time? The Federal Motor Carrier Safety Administration is now attempting to clarify that usage through regulatory guidance.
UPS faces a major strike threat from 1,300 disgruntled aircraft mechanics, but the good news is that most Christmas e-commerce orders are already onshore.
FedEx and UPS are squeezing e-commerce shippers with more expensive DIM pricing, accessorial fees, and tough rate negotiations.
FedEx Express has announced the second planned purchase upgrading its feeder fleet–a more powerful Cessna that can haul twice the freight and fly faster than the old Caravan 208s.
Elon Musk has delayed the public unveiling of the Tesla semi, citing issues with the Model 3 production rollout and a focus increasing battery production to help Puerto Rico, Musk tweeted late on Friday.
An unlikely alliance has formed between FedEx and UPS over a common problem. Their respective chief executive officers co-wrote an editorial in the Wall Street Journal in an attempt to get the attention of Trump administration and policy makers regarding needed industry reforms.
FedEx Freight announced that drivers at its Croydon, PA, facility have voted to leave the Teamsters Union. This comes just two weeks after drivers in Charlotte, NC, did the same.
