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FedEx Ends Ground-Delivery Deal With Amazon

FedEx Corp. is ending its ground-service delivery contract with Amazon.com, a sign the delivery giant is pulling away from the largest U.S. e-commerce company and focusing on other clients in the market, such as Walmart and Walgreens.

August 7, 2019
BusinessLogistics

Expeditors Reports Higher Net Income, Revenue in 2Q

Expeditors International of Washington Inc. on Aug. 6 reported net income rose to $153 million, or 88 cents per share. That鈥檚 up 9% from $140.6 million, or 79 cents a share, in the same quarter a year ago.

August 6, 2019
GovernmentBusinessLogistics

Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble

Now more than ever, Workhorse looks more like Lordstown鈥檚 lottery ticket than a savior to be taken seriously. While it鈥檚 hard to imagine at this juncture the company having the capital needed to get GM鈥檚 factory humming again, it has a ray of hope to point to: a potentially lucrative contract to build next-generation mail trucks for the U.S. Postal Service.

August 6, 2019
GovernmentBusinessLogistics

Economic Adviser Larry Kudlow Says US Still Expects China for September Trade Talks

President Donald Trump鈥檚 top economic adviser, Larry Kudlow, said the United States still expects Chinese negotiators to come to Washington for another round of trade talks in September, even after the two nations escalated their trade war.

August 6, 2019
GovernmentBusinessLogistics

China Halts Crop Imports, Weakens Yuan

China responded to President Donald Trump鈥檚 tariff threat with another escalation of the trade war Aug. 5, asking state-owned companies to suspend imports of U.S. agricultural products.

August 5, 2019
BusinessLogistics

Amazon Loses 鈥楲ast Bear鈥 Among Stock Analysts

Amazon.com鈥檚 last bear has given up. Allen Gillespie came into this week the only one of 55 financial analysts tracked by Bloomberg with a 鈥渟ell鈥 rating on the company鈥檚 shares. In a note to clients July 30, he upgraded the retail and technology giant to 鈥渉old.鈥

August 2, 2019
GovernmentBusinessLogistics

Commodities Roiled as Trump Pours Gasoline on Trade War Inferno

Raw materials are reeling after President Donald Trump threatened new tariffs on Chinese goods, dashing hopes that the two sides might soon negotiate an end to the trade war that鈥檚 sapping global growth and demand for commodities.

August 2, 2019
BusinessLogistics

Maersk Plunges as Investors Dump Trade Icon on Trump鈥檚 Tweets

Shares in A.P. Moller-Maersk A/S, the world鈥檚 largest container shipping line, plunged the most in two months after President Donald Trump escalated his trade war against China.

August 2, 2019
BusinessLogistics

XPO Reports Mixed 2Q Financials

Global freight transportation and logistics provider XPO Logistics reported mixed financial results for the second quarter Aug. 1.

August 2, 2019
GovernmentBusinessLogistics

FBI: Amazon Drivers Part of Major Theft Ring

SEATTLE 鈥 A theft ring in Washington state sold millions of dollars鈥 worth of stolen goods on Amazon.com in the past six years, and a pair of Amazon delivery drivers was involved, recently unsealed federal court documents show.

August 1, 2019