FedEx said strong cost controls drove its fiscal third-quarter results; its shares soared in late trading.
The board of UK logistics firm Wincanton has unanimously recommended GXO’s $965 million buyout offer.
GXO’s offer to buy U.K. logistics firm Wincanton bests Ceva Logistics’ bid by 26%.
A new DHL facility in Norfolk, Virginia, will serve eastern Virginia and coastal North Carolina.
Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.
Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.
Revenue strength will likely be a second-half story for GXO.
Zoning changes banning logistics facilities in Deerfield, Illinois, are to take effect Feb. 20.
TFI International’s EPS in 2024 will be at least $7 a share, CEO Alain Bédard says
C.H. Robinson’s newly unveiled touchless appointments will automate manual scheduling tasks.
AIT’s acquisition of Lubbers Logistics Group adds 18 European offices to AIT’s 130-location global network.
Has UPS been ill-served by on-going cost-cutting?
Third-party logistics provider Kenco Logistic Services has announced it will close its Indianapolis facility and lay off 110 workers.
Subpar 2023 results and uncertain 2024 guidance sent shares falling.
Slow growth in mega-leases is expected to continue through 2024, CBRE said.
FedEx and UPS reinstate money-back guarantees on second-day morning air service.
Network for perishables e-commerce D2C segment to open in 4 states
New CEO must reverse long-term stagnation in shareholder value.
C.H. Robinson’s newly created office to support its strategic initiatives is a key step in CEO Dave Bozeman’s plan to revive the struggling brokerage giant.
The Teamsters union doesn’t expect a major impact on employment levels from UPS’ closure of a Kentucky sort facility.
Proponents and opponents increasingly are slugging it out over the viability of warehouse developments.
Labor peace was won at what will be higher costs for shippers and carriers.
C.H. Robinson has begun a search to replace Mike Zechmeister, who will remain until a successor is named, or no later than May 31, 2024.
FedEx says it is confident that it has maintained the parcel volumes that moved from UPS.
C.H. Robinson President and CEO David Bozeman says he’s surprised that so much truck capacity remains this late in the cycle.
FedEx’s color-coded air network is designed to bolster FedEx Express’ margins amid continued macro weakness and other headwinds.
Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.
FedEx is following its rivals’ leads with a no-box, no-label returns program.
The anticipated cuts in the fed funds rate will bring institutional capital off the sidelines in the second half of 2024, Prologis predicted.
UPS’ ground delivery surcharge increase comes amid a continued decline in diesel pump prices.
Coyote’s senior managers and directors are believed to be targeted in the freight broker’s fourth round of job cuts this year.
Community opposition adds complexity to logistics warehouse development, the president of Prologis says.
Where 3PLs put technology in play will help determine their competitive position, according to Capacity and Service Solutions’ Brian Rafferty.
Less demand and more flexible delivery schedules were key factors in higher performance by UPS and Fedex during the Black Friday and Cyber Monday cycle.
The Teamsters union warned of a strike at UPS’ air and ground hubs if workers were not reinstated.
A former contractor alleges that it was fraudulently induced to sign a contract with FedEx Ground.
UPS’ levies drop to 15% from 15.25%.
UPS has been given until Monday to address the alleged firing of 35 union workers at its ground hub.
Nearly half of survey respondents said that delivery estimates are “potentially unreliable.”
Reelables says technology will eliminate the need for manual label scanning across the supply chain.
Uber’s new feature allows shoppers to arrange for drivers to pick up purchased items and deliver them to a residence.
Effective Monday, UPS’ surcharge levels for domestic ground parcel and SurePost services will rise by 50 basis points.
Shippers can still expect sizable discounts off OnTrac’s tariff.
The number of in-store and online shoppers set records over the five-day Thanksgiving cycle, according to the National Retail Federation.
Changes in ZIP codes mean that delivery area surcharges will apply to a larger share of the U.S. population.
Can package sizing be improved? It’s been a long, slow process.
A GXO location in Groveport, Ohio, outside Columbus, will shutter on Jan. 15.
The big boys in parcel delivery are hammering each other for business, consultants say. That’s great news for shippers.
Postal Service tariff rates are proposed to rise between 5.4% and 5.9%, effective Jan. 21.
Carter Andrus has been named COO at Prologis, effective Jan. 1. Current COO Gary Anderson will become senior adviser and retire on June 30.
UPS’ new Supply Chain Symphony platform integrates previously siloed platforms.
AIT becomes an alternative to incumbents for middle-mile LTL share.
The agency is poised to discount rates on shorter-haul parcel services.
The industrial outdoor storage industry is catching a fresh bid from new players.
A Q3 increase in reported incidents of cargo theft was fueled by a triple-digit rise in “strategic” thefts like cargo misdirection, CargoNet says.
The state of Georgia has suspended diesel and gasoline taxes for the third time since early summer.
A weaker-than-expected peak period leads GXO to cut its organic revenue growth guidance.
Revenue and earnings fell sharply at DHL’s Express and Global Forwarding units.
Embedding existing warehouses with new automation offers great potential as well as some risks, according to experts.
DSI Assignments, which is overseeing the auction, is seeking a buyer for all of Slync’s platform assets.
The U.S. Supreme Court let stand a lower court ruling denying a driver’s request to allow him to operate a smaller vehicle with a softer suspension.
Teamsters union leadership may be willing to accept lost rank-and-file jobs in return for increases in new positions, a labor expert says.
Online sales are expected to grow between 7% and 9% over 2022 levels, the National Retail Federation says.
Southwire’s strategic road map focused on FreightTech, strategic partnerships, RFPs, carrier scorecards and freight analytics.
A source wonders if UPS’ new offering is a reconstituted version of an earlier stab at quick delivery.
Saia posted across-the-board gains but its operating ratio worsened as it absorbed higher-than-expected costs.
Amazon’s EPS handily beat estimates, while operating and net income posted four- and three-bagger gains.
UPS’ third-quarter results reflect struggles with macro weakness, volume diversions and higher labor costs.
UPS said it hopes to scale service to as many locations as possible by year’s end.
DHL Supply Chain’s North America chief says warehouse labor markets have stabilized.
UPS has set holiday shipping deadlines for deliveries on Dec. 23 or earlier.
Convoy Inc. has found a buyer for its tech stack, which would include the digital freight company’s driver app and automated freight matching and pricing engines.
TFI’s overall third-quarter results reflect a weak macro environment.
The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events.
Less-than-truckload carrier XPO Inc. (NYSE: XPO) says it has launched an over-the-road operation for team drivers. Only existing teams can currently qualify for the program, which has not been formally […]
Five years after the first multistory warehouse was delivered, questions still remain about the model’s viability in the U.S.
Omnichannel fulfillment provider Stord’s new service is designed to make delivery to retail DCs more affordable for smaller merchants.
FedEx Ground two-day shipments must ship by Dec. 20 to arrive on or before Christmas Eve.
A Shipware analysis finds the rate and surcharge tables of UPS and FedEx look unsurprisingly alike.
A Walmart facility in California will expand its next- and two-day delivery capabilities.
The integration of Blue Yonder and Doddle is designed to strengthen end-to-end returns management services primarily in the U.S. market.
Israel’s agriculture ministry and Israel Defense Forces have developed a dedicated distribution channel to move foodstuffs northward.
OSM follows the lead of work-share partner U.S. Postal Service in not imposing peak-season delivery surcharges.
Not everyone will agree with the results of project44’s on-time parcel-delivery performance survey, the survey’s leader says.
A report by project44 said delivery performance was the highest since March 2020.
Truckers save 35 cents a gallon on fill-ups with Georgia’s fuel tax suspension.
Uber drivers will pick up return parcels and deliver them to postal, FedEx and UPS locations.
The logistics warehousing market is setting up for an acute supply shock by the second half of 2024 if tenant demand recovers, a CoStar report says.
Lineage Logistics has acquired eight Burris Logistics cold storage and e-commerce fulfillment facilities in six states.
DHL Express rate hikes take effect Jan. 1.
Pitney Bowes President and CEO Marc Lautenbach had been at the center of a proxy fight with Hestia.
The on-paper benefits of out-of-home delivery are clear. Customer acceptance is somewhat less so.
Rebates from UPS are designed to offset early-termination penalties from other carriers if shippers return to UPS.
MNX Global Logistics focuses on managing time-critical, specialized shipments.
Supply chains are one crisis away from seizing up again, say the CEOs of Prologis and Home Depot.
A ShipStation survey found U.S. consumers are more concerned about package theft than late deliveries.
FedEx partners with an AI-powered robotics firm to load FedEx Ground trailers.
UPS is looking to fill full- and part-time seasonal positions.
There may be a tussle to capture peak surcharge revenue on those shippers that pay the levies.
Voltera handles land purchases, oversees power needs and manages regulatory approvals for companies that want to scale their charging infrastructure.