FedEx Freight, the smallest operating division of FedEx but biggest stand-alone U.S. trucking company, flew higher than the company’s flagship Express division in the last quarter, increasing its operating profit a lofty 70 percent to $168 million on a 13 percent increase in revenue to $1.61 billion.
18 Sep 2014
There really was a Christmas in July this year, at least in terms of increased global container business. That bodes well for North American trucking, intermodal rail and package delivery companies now preparing for an influx of freight ahead of the holiday season.
17 Sep 2014
Strong domestic volumes in the air and on the ground delivered double-digit profit growth for FedEx in the first quarter of its new fiscal year.
01 Sep 2014
A review of publicly owned trucking company earnings in the second quarter shows the strength of freight demand building up as the U.S. economy expanded, supporting growing expectations of a busier than typical peak shipping season in North America this fall.
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
18 Jun 2014
The move to dimensional weight pricing should have a positive impact on FedEx, executives with the shipping giant emphasized on the company’s fourth quarter earnings call.
30 May 2014
After five years of economic growth, less-than-truckload carriers are making progress toward rebuilding their profitability, a review of LTL carrier operating ratios shows.
16 May 2014
The first quarter was warmer for trucking than you might think — at least financially.
12 May 2014
April showered less-than-truckload carriers with freight, as shippers responded to a surge in consumer spending in March and increased industrial demand.
14 Apr 2014
Federal investigators are trying to piece together the last days of a FedEx truck driver for clues as to why he crossed a highway median and struck a tour bus, killing 10 people.
11 Apr 2014
Federal authorities are investigating why a FedEx Freight truck crossed an Interstate highway median and crashed into a charter bus, killing 10 people.
28 Mar 2014
Frederick W. Smith, chairman and CEO of FedEx, met with JOC editors William B. Cassidy, Peter T. Leach, Bill Mongelluzzo and Mark Szakonyi at the 2014 TPM Conference in Long Beach, Calif., to discuss the challenges of growing protectionism, e-commerce and serving post-recession supply chains.