The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.
December 17, 2020Search
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FedEx, UPS Tell Senators of Vaccine Distribution Readiness
Two of the country’s largest freight firms reassured federal lawmakers of their preparedness in helping to deliver COVID-19 vaccines as early as this month.
December 8, 2020Penske Announces Fleet Upgrade Leasing Program
Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.
December 7, 2020XPO Logistics Plans to Split Into Two Companies
XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.
December 2, 2020FedEx to Buy ShopRunner in E-Commerce Push
FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.
December 2, 2020Penske Logistics to Acquire Black Horse Carriers
Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.
December 2, 2020Coronavirus Likely Altered Supply Chains Permanently, XPO’s Chowdhury Says
Supply chains have changed dramatically to adapt to the coronavirus, but many of those changes may outlast the pandemic.
December 2, 2020DHL Unveils Four Electric Tractor-Trailers
DHL furthered its green efforts with the launch of a new fleet of electric tractor-trailer vehicles, the company announced Nov. 17.
November 18, 2020Food Retail Carriers Anticipate High-Demand Holiday Season
The food retail sector and fleets that support it are headed for a particularly busy holiday season, experts say.
November 12, 2020Map: Where They Are
View a world map that pinpoints the geographical breakdown by country for the 2020 Top 50 Global Freight Carriers.
November 14, 2020