FedEx announced March 17 that year-over-year quarterly net income for its fiscal third quarter fell 57% to $315 million, compared with $739 million in the same period a year ago. But Q3 revenue rose 3% to $17.5 billion from $17 billion a year ago.
March 17, 2020Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
CRST Buys New Jersey-Based Final-Mile Logistics Company NAL Group
CRST International on March 2 announced it had acquired final-mile specialist NAL Group. Financial terms of the agreement were not made public.
March 3, 2020FedEx to Add 42 Electric Charging Stations in California
FedEx Corp. plans to electrify 42 FedEx stations in California, in the next phase of its electric vehicle rollout — calling it one of the largest deployments of integrated charging infrastructure by a single commercial fleet to date.
February 28, 2020Coronavirus Cuts Prompt DSV Panalpina to Open Cargo Flights Between Alabama, China
Danish company DSV Panalpina is opening a route between Alabama and China in response to shipping cutbacks over the coronavirus.
February 24, 2020Atlas Logistics Acquires TopHat Logistical Solutions
Atlas Logistics acquired full-service logistics company TopHat Logistical Solutions in a deal announced Feb. 19.
February 21, 2020NFI Motivated to Move Forward on Electric
CHINO, Calif. — For-hire carrier NFI is planning broader adoption of electric Class 8 trucks after six months of testing the Freightliner eCascadia in Southern California, the company said.
February 19, 2020XPO to Lay Off 304 Workers at Texas Distribution Center
XPO Logistics Inc. will lay off 304 workers at an AllianceTexas distribution center in April, according to a notice filed with the Texas Workforce Commission.
February 14, 2020Ryder Posts Earnings Loss, Record Revenue in Q4
Ryder System Inc. reported record fourth-quarter revenue and a loss in earnings due to previously announced expenses.
February 13, 2020Interim CEO Chris Easter Named New CEO of Daseke Trucking
Six months after being named interim CEO of Addison, Texas-based Daseke Inc., Chris Easter was named the flatbed carrier’s permanent CEO on Feb. 7.
February 11, 2020Werner Q4 Profits Dip
Werner Enterprises posted declines in fourth-quarter and full-year profits but came in ahead of Wall Street expectations for its Q4 profit.
February 6, 2020