LONG BEACH, Calif. — Ocean shipping lines will grab even more freight from airplane cargo bellies, as international shippers shift freight toward lower cost transportation options, according to Frederick W. Smith, chairman, president and CEO of $45 billion transport operator FedEx.
The latest news from the parcel and package industry, covering major parcel shippers, demand, economics and more.
News & Analysis
03 Mar 2014
26 Feb 2014
Encouraged by signs of a stronger U.S. economy and recent acquisitions, XPO Logistics is raising its revenue run rate target for 2014 to $2.75 billion, almost triple the $1 billion run rate the company achieved in 2013.
12 Feb 2014
The e-commerce division of India’s leading express distribution and supply chain solutions group grew at a rapid rate in the latter half of 2013...
10 Feb 2014
FedEx Trade Networks has appointed James R. “Jack” Muhs as its new president and CEO.
06 Feb 2014
Blue Dart Express, India’s leading air express and logistics services provider, reported a net income of Rs. 23 crore (approximately $3.7 million) in the third quarter of fiscal year 2013-14, tumbling 49 percent year-over-year.
04 Feb 2014
Japan’s largest international freight forwarder Nippon Express said its profit jumped 13.8 percent year-over-year in the first three quarters of fiscal year 2013...
31 Jan 2014
Embarrassed by late deliveries that lowered profits this holiday season, UPS lays out its strategy for improved forecasting, collaboration with shippers and package delivery at the next holiday peak.
30 Jan 2014
TNT Express today announced it will retain its domestic delivery operation in Brazil following the termination of talks with potential bidders for the business.
24 Jan 2014
Forward Air has agreed to acquire Central States Trucking and Central States Logistics from Central States Inc. for $95.6 million.
23 Jan 2014
Russian consumers will find it more difficult to buy foreign goods online if international parcel carriers suspend delive