FedEx Freight

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.

Parcel analyst Satish Jindel predicts FedEx will opt later this year to spin off the Freight unit to the public market.

FedEx Freight, the less-than-truckload unit of FedEx Corp. (NYSE: FDX), is closing seven service centers in the U.S. as the division continues to make alignments to its freight network.

Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.

Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.

Company also announces another round of driver furloughs.

Federal Express Corp. will consolidate its air, ground parcel and other units; LTL will operate separately under the brand.

FedEx Freight Direct now offers returns of big and bulky items.

FedEx must convince stakeholders that it will stay the course on cost reductions.

XPO becomes the latest less-than-truckload carrier to announce voluntary furloughs.

XPO es el último en ofrecer despidos voluntarios

E-commerce platform Cart.com is working with FedEx to streamline the online shopping experience for merchants and consumers.

The furloughs are set to begin in early December, and will be voluntary, the unit says.

La medida está pensada para adecuar las necesidades de personal a la ralentización de la demanda de LTL, según la unidad

FedEx Corp. announces most U.S. shipments must be tendered by Dec. 14, one day earlier than last year’s deadline, if they are going to arrive in time for Christmas.

FedEx says its new operational integration will drive down costs and push up operating margins significantly.

Carere will head a new centralized group focusing on digitization.

Fred Smith se alejará pronto del papel de consejero delegado, según predice una conocida consultora

A noted consultant sees FedEx founder Fred Smith dropping the CEO role to become executive chairman; second-in-command Raj Subramaniam would take Smith’s place.

RacePro Products dice que no hay fondos disponibles para más de 400 acreedores a los que se les debe colectivamente 56 millones de dólares

Nearly 420 trucking and logistics companies are collectively owed millions of dollars after a California oil distributor ceased operations and filed Chapter 7.

Less-than-truckload carrier Saia announced a 7.5% general rate increase Tuesday. The carrier was the latest to announce rate hikes greater than the normal mid-single-digit increases.

A confluence of critical events will determine if the company can deliver on its margin improvement pledge.

El transportador desvía los envíos urgentes de carga a la red
de camiones

The omicron variant is depleting aircrews at FedEx just as it has among passenger airlines, resulting in customer delays for both industries.

Volume and yield gains powered the Express and LTL units, while staffing shortages and operating inefficiencies continued to hurt the Ground unit.

Old Dominion Freight Line was the latest less-than-truckload carrier to implement a general rate increase ahead of schedule. The 4.9% adjustment is in line with the rate hike it announced earlier in the year.

The winning attorney doesn’t think the award is big enough to constitute a nuclear verdict.

Noncontract prices will climb by 5.9% for FedEx’s Express, Ground and Freight services.

Sudden end to inbound deliveries in Albany will force shippers to seek alternatives.

You can’t blame carriers for refusing to stick by a handshake agreement to sell service at pre-negotiated rates or at a discount.

E-commerce pushes rapid growth in domestic parcel business

FedEx Freight is pointing the finger at less-than-truckload competitors for denying service to customers, which it says flooded its network and forced it to cancel certain accounts.

The company reports strong fiscal 2021 fourth-quarter results, but warns that a persistent labor shortage will drive up costs and impede productivity.

High demand and tight capacity have less-than-truckload carriers testing years of investments that are designed to handle this type of environment. Many of FedEx Freight’s service woes were captured in the data leading up its cancellation announcement.

The company will add Missouri, Illinois and Kansas and deepen coverage in Louisiana and Arkansas, effective in early September.

Customer backlash against FedEx Freight’s decision to terminate trucking service has forced the carrier to reconsider.

Hundreds of shippers, including ones that supply big-box retailers like Home Depot and Lowe’s, are scrambling for transportation after FedEx Freight (NYSE: FDX) on Monday abruptly stopped truck pickups at […]

FedEx Freight has more business in some regions than it can manage, so it is freeing up capacity by telling hundreds of customers it won’t pick up their shipments starting Monday, June 14.

FedEx stays mum on how it will aid its ground delivery contractors to transition to all-electric vehicles.

Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.

Maier is succeeded by FedEx Freight head John Smith; Lance Moll will replace Smith at the LTL unit.

New 25-driver subcommittee will give FMCSA direct feedback on safety issues.

FedEx shares get hammered despite record performance at Express and LTL units. The focus is on lagging margins at FedEx Ground.

FedEx looks to prosper in 2021 FedEx has become a pivotal player in the distribution of the coronavirus vaccine, rolling out delivery of the Pfizer vaccine this past week and […]

Carriers, logistics businesses and technology providers make the cut in 2020.

Higher costs could cut deep this holiday.

Accessorial charges also to climb on dozens of services.

E-commerce delivery times during the holidays might not make the “nice” list with this year’s soaring online purchases.

Miko Squire says he was fired when co-workers learned he was transgender.

FedEx Freight is expanding its freight distribution operation in Laredo, Texas, near the US-Mexico border.

Employees let go at the LTL division will hold on to their health benefits

Chief Financial Officer Alan Graf to retire at year-end. Corporate Vice President and Treasurer Mike Lenz to assume the role in September.

Old Dominion Freight Line announces a 4.9% general rate increase after reporting market stabilization in January.

FedEx Freight levies $7 `California compliance’ surcharge on all LTL shipments in, out and within the state

FedEx Freight goes national for its last-mile heavy freight deliveries

FedEx Freight expands its last-mile delivery network to 19 US markets

New categories to be added to types of crashes deemed “not preventable.”

Scott Case explores the reasons behind the recent FedEx lawsuit against the U.S. Department of Commerce.

FedEx Freight, J.B. Hunt, Schneider National among companies with the most non-preventable accidents identified so far by FMCSA.

Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a significant slowdown.

FedEx is expanding its alternative-fuel vehicle fleet with 1,000 electric vans from Chanje Energy, to be delivered over the next two years.

Operations to vary depending on pilot markets.

Pilot underway in Dallas-Ft.Worth market.

Higher rates ahead for FedEx shippers.

Transpacific container rates post gains; United States and Mexico try to reach an agreement on the automotive trade; what Amazon did last week; Lloyd’s of London rethinks marine insurance; Mexico City’s new airport has uncertain future; tanker market faces added pressure from US-China spat.

Long-haul trucking is the most challenging duty cycle for a battery-electric vehicle to perform, given the long distances required at freeway speeds with a heavy payload in tow.

On top of creating a Godzilla-size footprint across the world, Amazon has also put together a string of strong quarters, 11 to be exact. How significant is their disruption into the carrier space?

This afternoon FedEx announced its Q2 earnings for fiscal year 2018, which exceeded analyst expectations. FedEx cited higher base rates, volume growth, and cheap fuel as factors in the company’s performance.

FedEx Express has announced the second planned purchase upgrading its feeder fleet–a more powerful Cessna that can haul twice the freight and fly faster than the old Caravan 208s.

Truck tonnage rose in August and driver turnover jumped in the second quarter according to the latest data from the American Trucking Associations.

Celadon Group has sold its flatbed trucking division to PS Logistics as it seeks regain its footing a leading trucking provider. Terms of the deal were not disclosed.