FedEx Corp.鈥檚 retreat from handling packages for Amazon.com Inc. signals that the lines are being drawn in the battle over surging e-commerce shipments.
August 8, 2019Top 100
Amazon-FedEx Split Sets Battle Lines in E-Commerce Delivery Feud
Jack Cooper Files for Bankruptcy, but Pledges 'Business as Usual'
Despite filing for bankruptcy, it will be 鈥渂usiness as usual鈥 for Jack Cooper Ventures Inc.
August 7, 2019Roadrunner to Focus on 3PL, LTL After Net Losses in 2Q
Roadrunner Transportation Systems Inc. will narrow future operations to logistics and less-than-truckload after a disappointing second quarter, company officials said in an Aug. 7 news release.
August 7, 2019FedEx Ends Ground-Delivery Deal With Amazon
FedEx Corp. is ending its ground-service delivery contract with Amazon.com, a sign the delivery giant is pulling away from the largest U.S. e-commerce company and focusing on other clients in the market, such as Walmart and Walgreens.
August 7, 2019Freight, Agriculture Stakeholders Express Support for USMCA Trade Deal
WASHINGTON 鈥 Derek Leathers, the top executive of Werner Enterprises, joined other business leaders for a hearing on Capitol Hill on July 30 to call on lawmakers to approve a landmark new trade deal with Canada and Mexico.
July 30, 2019Covenant 2Q Transport Revenue Up, Net Income Down
Covenant Transportation Group Inc. reported earnings of 33 cents per share on $6.1 million in net income in the quarter ending June 30, the company said in a July 24 news release.
July 29, 2019Forward Air Sets Revenue Record in 2Q
Forward Air Corp.鈥檚 net income dropped 8.2% from the same quarter last year, the Greeneville, Tenn.-based company reported July 26. But at the same time, the company set a second-quarter record for revenue.
July 26, 2019TFI International Reports Record Operating Income for 2Q
TFI International reported record results for its second quarter ending June 30, the company said in a July 25 press release.
July 26, 2019China Rejects FedEx鈥檚 Defense for Rerouted Huawei Packages
China rebuffed FedEx Corp.鈥檚 claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing.
July 26, 2019Mullen Group鈥檚 Revenue Jumps 7.9% as Oil Service Remains in Demand
Canadian carrier Mullen Group Ltd. increased revenue by C$23.3 million, or 7.9%, to $319 million in the second quarter ended June 30, according to a company news release.
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