FedEx

Transportation services firm misses first quarter estimates as company accelerates pay raises and bonuses.

Parcel giant UPS announced today that it expects to hire about 100,000 seasonal employees to support the anticipated surge in package volume that will begin in November and continue through January 2019. 

Truckers are not singing the blues in Memphis (except on Beale Street): It’s currently the number one headhaul market in the U.S.

Amazon is scaling up its asset side on both last mile delivery and linehaul, pursuing a low-cost strategy of leased vehicles, independent contractors, and power-only deals with enterprise carriers.

Ford will launch a new SUV in China as part of their growth plan, while Uber Freight is spinning off as a separate business unit from Uber under the direction of Lior Ron.

Volvo Trucks and FedEx demonstrated their truck platooning technology in North Carolina this morning, in conjunction with the North Carolina Turnpike Authority.

XPO Logistics announced this morning that it will be adding augmented reality to its Ship XPO platform, giving end customers the opportunity to visualize how items such as sofas, beds and appliances, will look inside their home.

Shrugging off any potential disruption due to trade war, FedEx Corp. executives were upbeat about the outlook for 2019 for both the general economy and FedEx’s operating units during its fiscal 2018 fourth-quarter and year-end earnings call on Tuesday.

As blockchain technology works its way into the transportation ecosystem, there is remains plenty to learn about its potential, but its success will depend on multiple parties working together.

Amazon and the US Postal Service have grown package volumes and profits together in a mutually beneficial relationship.

Trucking’s environmental progress since the first Earth Day; Volvo Trucks shares battery tech across brands; US oil exports to Europe jump on Brent/WTI spread; BNSF and Union Pacific offer $25k signing bonuses; FedEx links Guangzhou and Memphis; how China is buying Europe.

Shippers are anticipating continued volume increases, tighter capacity, and further rate increases according to a Morgan Stanley survey.

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.