The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
FedEx Freight news and analysis. Get the latest news about FedEx Freight and the trucking industry.
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 However, six terminals have rejected the union, and the Teamsters have withdrawn six election petitions.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.
20 Nov 2014
A Teamsters union election for drivers at a FedEx Freight terminal in Richmond, Virginia, has been canceled, the third election withdrawal in three weeks.
14 Nov 2014
Employees at a Con-Way Freight facility in Manchester, New Hampshire, yesterday rejected calls to join the Teamsters union in National Labor Relations Board.
13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
13 Nov 2014
Road and city drivers at a FedEx Freight terminal in Newark, N.J., voted against joining the Teamsters union — the second victory for FedEx Freight in four elections.
05 Nov 2014
William J. Logue, a veteran FedEx executive who rebuilt the company’s industrial trucking business following the 2007-2009 recession, will retire Dec. 31, FedEx said today.
03 Nov 2014
The Teamsters union won a representation election at a New Jersey FedEx Freight terminal Oct. 31, but called off another vote at a less-than-truckload terminal in Pennsylvania.
28 Oct 2014
Employees at two Con-way Freight terminals in Southern California rejected the Teamsters while those at another voted for the union. The company could face more elections.
21 Oct 2014
UPS will raise freight rates for air and ground packages, domestic and international shipments and less-than-truckload freight by 4.9 percent on average Dec. 29, the company said Monday.
18 Oct 2014
Coverage on congestion at the Los Angeles-Long Beach port complex continued to interest JOC.com readers this past week, as what could be the worst gridlock to hit the largest port complex in the Americas continues.
15 Oct 2014
The Teamsters union is intensifying efforts to organize truck drivers and other workers at FedEx Freight and Con-way Freight, the two largest U.S. less-than-truckload trucking companies.
18 Sep 2014
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.
04 Mar 2014
FedEx Freight will raise its general base rates an average of 3.9 percent March 31, as shippers and trucking companies anticipate higher volumes and tighter capacity this spring.
18 Dec 2013
Benefiting from an improving economy, strong e-commerce sales, and profit initiatives launched last year, FedEx raised both bottom and top lines in its latest quarter. The second-largest U.S. transport company expects even better from 2014.
10 Dec 2013
James Welch has his work cut out for him. Over the next month, the CEO of YRC Worldwide and president of YRC Freight must convince 26,000 Teamsters to extend wage and benefits cuts they agreed to in 2010 another four years. Welch also needs to get them onboard with new concessions, including greater use of subcontractors and utility workers.
19 Sep 2013
FedEx reported its net income in the first quarter of fiscal year 2014, ending Aug. 31, 2013, was $489 million, increasing 7 percent year-over-year from $459 million.
08 Jul 2013
Although further consolidation might benefit some less-than-truckload motor carriers — YRC Freight, for example — mergers are no panacea for the challenges facing LTL trucking. There may be smarter routes to growth that trucking companies, along with shippers and logistics partners, should explore.
08 Jul 2013
JOC Senior Editor William B. Cassidy interviews William Logue, president and CEO, FedEx Freight.