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FedEx Corp. rode increased prices to post profit above analysts’ estimates, bolstering the company’s outlook and easing investor concerns over higher labor U.S. costs. The shares rose in late trading.

Forward Air Corp. announced a general rate increase of 7.9%, applicable to rates established under existing tariffs effective Feb. 1.

McLane Co. Inc. announced Chris Smith joined the company as president of McLane Grocery, a $33 billion business unit that provides supply chain service to more than 70,000 retail locations.

The Trucking Cares Foundation is exploring ways it can help remedy the extended shortage of truck drivers, technicians and warehouse workers in transportation.

President Joe Biden said his administration has made strides toward relieving U.S. supply chain disruptions, as he met Nov. 29 with the leaders of major retailers including Walmart Inc. who assured him they have ample inventories for the holiday season.

Walmart Inc. is expanding its efforts to offer aerial deliveries to homes, joining with startup DroneUp to begin dropping off items ranging from cans of tuna to children’s thermometers.

FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.

Heyday, a platform that buys and builds consumer brands that sell on Amazon .com Inc., raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm.

The question of how a federal vaccine mandate might affect transportation workers other than truck drivers must be considered amid broader discussion of the proposal, an industry executive said at a recent event.