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FedEx to Raise Prices in Response to Surging Freight Demand, Tight Capacity

FedEx Corp. will boost most prices by an average of 4.9% starting in January, more than double the expected rate of U.S. inflation next year, as freight demand surges.

November 5, 2018
BusinessLogisticsTop 100

U.S. Xpress Enterprises Posts Record Profits

U.S. Xpress Enterprises reported record profits in the third quarter as the company benefited from strong freight volumes and higher rates.

November 2, 2018
GovernmentBusinessTop 50Top 100

Schneider’s Profits, Revenue Higher in Third Quarter

Schneider National Inc. reported higher revenue and profits in the third quarter, but not all of its business units shared in the bounty.

November 1, 2018
BusinessTop 100

UPS Warns Freight Customers as Possible Strike Looms

UPS Inc. is advising its freight customers to explore alternative shipping plans as the threat of a strike by workers represented by the International Brotherhood of Teamsters looms should members reject the company’s latest contract offer.

November 1, 2018
BusinessLogisticsTop 50Top 100

Universal Logistics Reports Best-Ever 3Q Results

Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year.

October 25, 2018
BusinessLogisticsTop 100

USA Truck Continues Turnaround With Improved Results in 3Q

USA Truck reported higher revenues and profits in the third quarter of 2018, continuing a financial turnaround started in 2017.

October 25, 2018
GovernmentBusinessTechnologyFuelLogisticsTop 50Top 100

UPS, Seattle to Launch eBike Downtown Delivery Program

UPS Inc. and Seattle Mayor Jenny Durkan announced Oct. 25 the parcel delivery company will begin a pilot project aimed at reducing congestion downtown and addressing air quality concerns. Delivery drivers will use electric pedal-assist cargo bicycles with a customized modular trailer attached to the back of the bike.

October 25, 2018
BusinessTop 100

Groendyke Transport Announces Largest Acquisition in Company History

Groendyke Transport Inc. has agreed to purchase the tank truck assets of McKenzie Tank Lines, a bulk carrier based in Tallahassee, Fla., for an undisclosed amount.

October 25, 2018
GovernmentBusinessTop 100

Top For-Hire Carriers Contribute to Freight Congressional Leaders in Midterms

UPS Inc. and FedEx Corp., the top two for-hire carriers in North America, have contributed to the re-election efforts of freight transportation leaders from both parties in Congress, according to a review of public records.

October 25, 2018
BusinessTop 100

Mullen Group’s Trucking Segment Bolsters 3Q Results

Mullen Group reported strong revenue growth in its Canadian trucking business and expanded its oil field transportation services with a couple of key acquisitions, but the company’s profits dipped in the third quarter of 2018 as it dealt with rising costs and a decline in the value of the Canadian dollar.

October 25, 2018