FedEx Corp. reported higher revenue but lower profits in the third quarter of fiscal 2019 and cut its earnings forecast for the remainder of the year.
March 19, 2019Top 100
FedEx Names Don Colleran New CEO of Express
FedEx Corp. named company veteran Don Colleran president and chief executive officer of FedEx Express, the latest change linked to a shakeup of the shipping company’s top executives last month.
March 19, 2019FedEx Earnings Take a Hit as International Shipping Slows
Old Dominion Moves Into Expanded Facility in Mobile
Trucking company Old Dominion Freight Line held a ribbon-cutting March 13 to celebrate its move to a larger facility for its Mobile, Ala., service center, one of five in the state.
March 14, 2019New England Motor Freight Increases Severance Packages for Employees
About 2,500 workers will get additional severance pay from New England Motor Freight, a New Jersey-based carrier that declared bankruptcy in February, according to an attorney representing terminated employees.
March 14, 2019Tennessee Panel OKs $10 Million for FedEx Project in Memphis
NASHVILLE, Tenn. — A Tennessee panel has approved a $10 million economic development grant to establish the FedEx Logistics headquarters in downtown Memphis.
March 11, 2019February Class 8 Orders Slow; Backlog Falls
Class 8 orders for February trickled in to reach 16,900, down 58% compared with a year earlier, reflecting a backlog already swollen by record demand in 2018, reports ACT Research Co.
March 7, 2019In Driver Recruitment, Both Old and New Media Matter
Today’s recruitment efforts to attract truck drivers have tended to lean on digital media. But in a sea of digital information, recruitment opportunities can be lost. That concern is why some trucking companies are returning to older media approaches for recruitment.
March 7, 2019TFI International Acquires Schilli, Toronto Tank Lines
TFI International Inc., one of the largest trucking and logistics companies in the United States and Canada, is making moves in the tanker business, snapping up two trucking companies in February.
March 6, 2019Parcel Pro Partners With Jewelry Manufacturing Group to Ship Luxury Goods
Parcel Pro, a UPS Capital company, has partnered with Manufacturing Jewelers and Suppliers of America to provide MJSA premier members access to technology and insured shipping at a time when e-commerce is causing sales of luxury goods to boom, according to a company news release.
March 4, 2019TFI International Reports Record Results for 4Q, Full Year
TFI International reported a 60% increase in profits in the final quarter of 2018 from the comparable quarter in 2017, part of the trucking and logistics company’s record results for the quarter and the full year.
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