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FedEx reported gains in fourth-quarter revenue and earnings on the heels of a profitability initiative that helped counter market headwinds, but cut its guidance amid trade worries.

The company is seeking to broaden its range of low-cost offerings through the program, said people familiar with the matter, who asked not to be named because the test hasn’t been announced.

“It is with profound sadness and a heavy heart that I share that Frederick W. Smith, our founder and executive chairman, died earlier today,” CEO Raj Subramaniam wrote June 21.

Many trucking companies actively recruit members of the armed services transitioning to civilian life, but attracting, supporting and retaining military veterans can take extra work.

Transport Topics' 2025 Top 100 For-Hire Carriers list illustrates how weak freight market conditions have continued to squeeze margins for North America's largest motor carriers.

The sale of the properties follows the disposal of seven facilities via private sale in May as the administrators attempt to unload as many terminals as possible.

Carriers across the various segments of the trucking industry navigated difficult business conditions in 2024 as freight market conditions remained unfavorable.

Shifting U.S. trade policies, fluctuating tariffs and the resulting supply chain upheaval have created an uncertain landscape for the trucking industry, in the present and down the road.

Estes Express Lines is boosting its terminal capacity as it incorporates assets acquired from bankrupt motor carrier Yellow, President and Chief Operating Officer Webb Estes said.

“As opportunities arose … I was there to help and solve problems, and that led to where I am today,” Ryan Kraft said. He replaces Mark Anderson as United Road CEO.