FedEx Express is acquiring the international express delivery business of Flying Cargo Group, a company based in Israel that has been a service partner with FedEx since 1990, company officials announced Jan. 15.
January 25, 2019BusinessTechnologyTop 100
Ryder Expands Truck-Sharing Platform to South Florida
Ryder System Inc. announced it has expanded its digital truck-sharing platform, Coop by Ryder, to South Florida.
January 24, 2019BusinessTechnologyLogisticsTop 50Top 100
UPS Expands Keyless Apartment-Building Entry That Started in NYC
United Parcel Service Inc. is expanding a keyless-entry system for package deliveries at apartment buildings after a successful test in New York and San Francisco.
January 22, 2019BusinessTechnologyTop 100
Oaktree Capital Invests $450 Million in Rail Transportation Firm Watco
Oaktree Capital Management is investing $450 million and forming a strategic partnership with Watco Cos., a privately owned company that provides a broad range of rail transportation services in North America and Australia.
January 16, 2019BusinessTop 100
YRC Worldwide Provides Mixed Initial Look at 4Q Earnings
YRC Worldwide Inc., a holding company for less-than-truckload carriers, in its initial look at fourth-quarter results forecast flat operating revenue with operating income possibly coming in more than twice as high as a year earlier.
January 14, 2019BusinessLogisticsTop 100
Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business
Shareholders of Roadrunner Transportation Systems, who have seen the value of their holdings plummet following a finance scandal that led to the dismissal of several top executives more than a year ago, are being given a chance to buy more stock — 900 million shares to be exact — at 50 cents a share as part of an effort by new management to recapitalize the business.
January 9, 2019BusinessLogisticsTop 50Top 100
J.B. Hunt Moves Aggressively Into Final-Mile Sector With Purchase
In an effort to strengthen its position in the growing final-mile trucking sector, J.B. Hunt on Jan. 8 announced it is purchasing Cory 1st Choice °®¶¹´«Ã½ Delivery for $100 million.
January 9, 2019BusinessLogisticsTop 100
Teamsters Exchange Contract Proposals with YRC, Holland and New Penn
After working for eight years under a series of contract extensions, less-than-truckload carrier YRC Freight and its two regional operations have opened contract negotiations with the International Brotherhood of Teamsters.
January 9, 2019BusinessEquipmentLogisticsTop 50Top 100
Fleets Reap Riches by Expanding Into Last-Mile Service
Truck driver Justin Osborne pulled up to a house in the Dallas suburbs last month and started unloading an oven, a dishwasher and a microwave. His mission: Help J.B. Hunt Transport Services Inc. win the battle for new delivery riches spurred by e-commerce.
January 9, 2019GovernmentBusinessLogisticsTop 50Top 100
Trucking Industry Expected to See Slower Growth in 2019
After a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high, the trucking industry is expected to remain strong in 2019 but undergo a bit of a cool-down, economists say.
January 7, 2019