The 28 percent drop in retail diesel fuel prices in the second quarter cut shipper transportation expenses and boosted trucking profits, with the publicly owned motor carriers tracked by JOC.com increasing their combined operating profit by 13 percent. Higher sustainable profits in turn fuel the expansion of capacity needed by shippers.
17 Jun 2015
FedEx reported its first quarterly loss since 2009, thanks to a $2.2 billion pension-related pre-tax charge that bit deep into earnings. Unfavorable exchange rates, a drop in international priority volume and low fuel surcharge revenue also stung the global transport operator.
15 May 2015
The Teamsters union lost a representation election at FedEx Freight's Chicago Heights, Illinois, terminal, the latest setback in the union's effort to organize the largest U.S. less-than-truckload carrier. So far, the Teamsters have organized four FedEx Freight terminals.
05 May 2015
There’s a silver lining in every sky-high stack of containers — if you’re an expedited trucking company. For carriers that move goods quickly by any and all means possible, the container logjam that built up during the West Coast port labor dispute was simply a bonanza.
23 Apr 2015
The Teamsters union lost another round in its terminal-by-terminal organizing battle with Con-way Freight, the second-largest U.S. less-than-truckload carrier. To date, the union has three victories and six losses — not counting two terminals where the Teamsters withdrew an election petition.
30 Mar 2015
Both sides in the debate over larger truck trailers are gearing up for the next battle in a long-standing war as Congress works on the next federal surface transportation bill.
16 Mar 2015
Truck drivers at the Stockton, California terminal of FedEx Freight, the largest U.S. trucking company, voted to join the Teamsters union, making Stockton the fourth terminal to go union since the start of an organizing campaign last fall. However, six terminals have rejected the union, and the Teamsters have withdrawn six election petitions.
21 Jan 2015
The Teamsters union suffered a pair of setbacks this week in its drive to organize FedEx Freight, the largest U.S. less-than-truckload carrier.
17 Dec 2014
Rising volumes propelled FedEx profit up 23 percent year-over-year to $616 million in its second quarter ended Nov. 30, the second-largest U.S. transport operator reported today.
12 Dec 2014
Con-way Freight workers in Miami Lakes, Florida, voted to join the Teamsters union, making their facility the third in Con-way's LTL network to go union. Three other terminals have rejected the Teamsters.
04 Dec 2014
The Teamsters union drive to organize FedEx Freight, the largest U.S. less-than-truckload carrier is hitting a few roadblocks. The union withdrew an election petition at the less-than-truckload carrier’s Nashville, Tennessee, terminal this week.
01 Dec 2014
Pricing power and advances in technology are spurring innovation in LTL pricing, encouraging carriers to test out dimensional-weight pricing and other alternatives to class-based tariff rates as they seek more dynamic, flexible pricing models.