-
FedEx, UPS Shares Rise After FedEx Beats Analysts' Estimates On Top, Bottom Lines
Wednesday, July 1, 2020 - 10:17am | 1805(Wednesday Market Open) Investors seem ready to pause buying to start a new month, quarter, and last half of the year after two days of solid gains helped make for the best quarter in more than 20 years. In economic news, an employment report from ADP and Moody’s Analytics showed fewer job...
-
TuSimple To Build '5G Network' Of Autonomous Trucking
Wednesday, July 1, 2020 - 10:01am | 1312TuSimple launches an Autonomous Freight Network with UPS, Penske, U.S. Xpress, and McLane Co. President Cheng Lu describes the initiative as the "5G network of autonomous trucking" Autonomous trucking technology startup TuSimple announced on Wednesday the launch of a national transportation...
-
Commentary: Degrees Of Freedom In The Skies
Tuesday, June 23, 2020 - 10:53am | 1239The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The airport landing slots used by commercial airlines for their domestic routes are quite valuable. The same can be said for landing slots used on international...
-
Transplace Acquires Parcel Managed Transportation Platform ScanData
Tuesday, June 2, 2020 - 12:48pm | 594This morning Transplace announced the acquisition of ScanData, a parcel managed transportation platform that optimizes 400 million parcel shipments worth more than $2 billion annually. Transplace manages $9 billion of freight in its network of shippers and carriers, offering technology solutions...
-
Today's Pickup: Aperia Offers Tire Inflation System With No Upfront cost
Tuesday, June 2, 2020 - 12:25pm | 983Fleet customers looking to save some cash during the current times can find a little extra green through the use of a tire inflation system. Aperia Technologies, makers of the Halo tire inflator system, are trying to make it even easier to adopt a tire inflation system with its new Pro+ program....
-
Opinion: Is Amazon Really A Winner Of The Pandemic?
Tuesday, May 19, 2020 - 2:31pm | 435While growing in importance during the pandemic, Amazon.com Inc (NASDAQ: AMZN) has undergone severe scrutiny. The following is a look at recent criticisms of Amazon. Deficient Labor Policies After having to shut down its distribution network in France, due to disputes over health and...
-
Today's Pickup: Bulkloads Rolls Out Early Features Of TMS
Tuesday, May 19, 2020 - 11:11am | 799The first part of a new transportation management system (TMS) from Bulkloads is now available. The new offering, Doc Scanning, includes a document library for carriers to send documents to shippers and brokers through the Bulkloads app, allowing the documents to be retrieved through the website....
-
FedEx Posts Lower But In-Line EPS In Fiscal Third Quarter; Net, Operating Income, Margins Sharply Down
Wednesday, March 18, 2020 - 9:34am | 409FedEx Corp. (NYSE: FDX) reported after the markets closed on March 17 $1.41 in diluted and adjusted earnings per share for its fiscal 2020 third quarter, down from $3.03 per share reported in the same period a year ago. The company pointed to demand weakness stemming from the global coronavirus...
-
Vehicle Electrification Is Not Just About Reducing Emissions
Monday, March 16, 2020 - 5:50pm | 842The transport industry is in the midst of tectonic change, brought on by a flurry of regulations targeted at reducing its carbon emissions. The push has been particularly pronounced across the last-mile delivery segment. Unlike other aspects of logistics operations, the last mile touches end...
-
FedEx Announces CFO Transition
Tuesday, March 10, 2020 - 9:51am | 392FedEx Corp. (NYSE: FDX) announced that its financial chief, Alan Graf, will retire effective Dec. 31. Graff will relinquish CFO duties on Sept. 22 and remain with the company through year-end as executive vice president and senior adviser. Retiring CFO Alan Graf – Image: FedEx Current Corporate...
-
FedEx To Electrify 42 Stations In California
Tuesday, March 3, 2020 - 5:11pm | 353Through an agreement with Chanje Energy, FedEx Corporation (NYSE: FDX) plans to electrify 42 stations in California, making it one of the largest deployments of charging infrastructure by a single commercial fleet to date. "We believe this will be a game-changer," said Mitch Jackson, FedEx chief...
-
Benzinga's Bulls And Bears Of The Week: Merck, Nike, Target And More
Saturday, February 22, 2020 - 2:00pm | 839Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a big-box retailer and a package delivery giant. Bearish calls included a leading pharmaceutical maker and an Apple supplier. For the second time in a row, the major U.S. indexes...
-
New York City Hits UPS With $23 Million In Parking Fines
Friday, February 14, 2020 - 10:10am | 682Densely populated metropolitan areas like New York City have become ground zero for clashes among cars, bikes and trucks competing for limited parking spaces. For delivery companies, the tight fit means racking up huge parking fines as a cost of doing business. In 2019, for example, FedEx...
-
FedEx's LTL Unit Imposes "California Compliance" Surcharge
Thursday, January 23, 2020 - 10:19am | 650FedEx Freight, the less-than-truckload (LTL) unit of FedEx Corp. (NYSE: FDX), has imposed a $7 per-shipment surcharge on all shipments moving to, from and within California, the parent company said. The new assessment, dubbed a "California Compliance Surcharge," took effect Jan. 20. It is part of...
-
CES 2020: FedEx, Walgreens Execs Share Last-Mile Delivery Solutions
Tuesday, January 7, 2020 - 10:02am | 1007Speaking to an audience at the Consumer Electronics Show, the massive technology conference taking place in Las Vegas this week, the chief marketing officers for FedEx Corp (NYSE: FDX) and Walgreens Boots Alliance Inc. (NASDAQ: WBA) shared stories about their last-mile delivery innovations as e-...