Wall Street turns bearish on transports after early misses, negative guidance
Most of the commentary from management teams is pessimistic about the macroeconomy.
Most of the commentary from management teams is pessimistic about the macroeconomy.
This week in Borderlands: new customs requirements in Mexico complicate the trade industry; U.S. rail manufacturers accuse China and Mexico of unfair import pricing; the Port of Corpus Christi partners with Mitsubishi for an ammonia plant; and FedEx offers discounted rates to shippers in Mexico.
FedEx Ground cited weakening macro conditions in reducing its holiday demand forecast.
Major carriers are temporarily suspending service in some Florida ZIP codes as downgraded storm rages on.
Inbound container volumes into the U.S. bode poorly for future trucking volumes. Trucking is the critical node for transporting goods, handling over 70% of freight in the U.S. at a given time.
FedEx will cut 11% of trans-Pacific flights, 9% of trans-Atlantic flights and 17% of Asia-Europe capacity.
FedEx is still planning to invest $6.3 billion in its network, even as volumes and revenue slump.
FedEx says weak international demand was the issue behind its fiscal first quarter pre-announcement. But the signs point to company-specific deficiencies.
La compañía sorprende al mundo financiero y del transporte al preanunciar unos resultados débiles y retirar las directrices para todo el año
Veeqo is Amazon’s new multichannel shipping software that finds customers the lowest rates based on size and weight.
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.
A Pitney Bowes survey finds that 41% of respondents believe Sunday service is important. But three-quarters don’t think it will happen.
With Teamsters contract talks looming, UPS is loath to step into a fight where a carrier is at odds with its drivers.
A survey sent to FedEx Ground’s contractors asks if they have faith in CEO John Smith’s ability to lead the unit.
Former contractor Spencer Patton’s interlocking business structure allows him to keep profiting from FedEx Ground, even if he no longer drives for the company.
“FedEx is not just making an investment. They are also rightly identifying tracking and visibility as vital areas in the supply chain,” says Cambridge Capital’s Benjamin Gordon.
Patton queda fuera de la red, con efecto inmediato
FedEx unit drops Spencer Patton’s companies from its contractor network, says it has contingency plans to pick up the slack.
FedEx Ground’s lawsuit alleges Spencer Patton is creating a contrived crisis with contractors to benefit one of his businesses, Route Consultant.
Spencer Patton dice que no puede operar sin la ayuda de la compañía para su negocio
Spencer Patton said he can no longer operate his business past Black Friday unless the FedEx unit renegotiates his contract.
Three delivery contractors acknowledge that some of their peers are struggling. But they maintain the contractor model remains on solid ground.
FedEx Ground contractor Spencer Patton has backed off a request for a 50-cent increase per stop and a 20-cent-per-mile hike for solo and team runs by contractors between hubs.
FedEx says it will move up the start date of its peak-season surcharges to Sept. 5.
Trade Association for Logistics Professionals will advocate for all contractor interests, not just FedEx Ground, the group’s leader says.
FedEx Ground could have made Sunday deliveries work if it stuck to its knitting, consultant says.
The head of the unit says changes to driver contractor agreements must be negotiated individually.
Unit responds to contractors’ cost concerns by partially ditching the controversial program.
FedEx Ground said it will drop Sunday residential deliveries the week of Aug. 15 in unidentified low-population markets.
FedEx says its new operational integration will drive down costs and push up operating margins significantly.
FedEx Freight’s gains won’t make investors forget about FedEx Ground’s issues, but they help.
FourKites X ofrecerá una imagen completa de las operaciones de la cadena de suministro global
FedEx and FourKites are going global with a partnership that will launch a new supply chain intelligence platform, FourKites X.
FedEx has deployed 150 BrightDrop electric vans into its California delivery network.
Carere will head a new centralized group focusing on digitization.
New service will use FedEx to deliver nationwide from New York, LA and Miami restaurants
Shippers have a hard time removing early-termination provisions from their contracts.
The new Nationwide shipping service launched Tuesday in three cities, with more to come.
Pitney Bowes Parcel Shipping Index predicts record numbers ahead
Pitney Bowes found that U.S. parcel volumes grew 6% last year, and more growth is forecast for the next five years.
This week: The maritime industry celebrates its first International Day for Women, Leonard’s Express unveils its first of five patriotic trucks, and FedEx helps milk banks ship breast milk to combat the formula shortage.
In its third deal this year, autonomous driving provider Aurora has an agreement with Covenant to “explore ways to optimize” long-haul operations.
As e-commerce growth slows, last-mile delivery providers remain under pressure to deliver for shippers, even if they don’t know how much of their services will be required.
You’ve heard of cash back for groceries or restaurants, but what about cash back for freight?
BrightDrop EV sets Guinness World Record
The company may use the program as a steppingstone to deliveries outside its platform.
This week: St. Christopher reports its 2022 charitable progress, Operation Lifesaver delivers funds to 11 states and FedEx partners with Social Motion for Autism Acceptance Month.
A FedEx delivery driver just completed a 260-mile drive using a BrightDrop Zevo 600 electric van, setting a Guinness World Record.
Alpine Air Express flies for FedEx and UPS. By acquiring a small cargo airline, it also picked up DHL Express as a customer.
This week: FedEx supports STEM exhibits at the new Amelia Earhart museum; Love’s donates to St. Christopher Truckers Relief; and One Tree Planted helps celebrate Earth Day.
FedEx is cutting the wages of the salesforce supporting the small to midsize customer segment.
A more holistic approach to last-mile delivery integrates and standardizes fulfillment operations under one platform, creating a seamless process for both the retailer and customer.
Freightliner Custom Chassis Corp. leverages parent Daimler Truck North America’s dealership and service network to battle competitors.
El fabricante de productos orgánicos de California se declara en quiebra; hay al menos 8 demandas pendientes
Trucking companies and logistics firms are among hundreds of creditors collectively owed millions of dollars after a California-based organic products manufacturer recently filed Chapter 7.
New one-week lag time, down from two weeks, matches FedEx’s surcharge sequence.
This week: Pilot announces details of its three-year remodeling plans; the Women Automotive Network releases diversity survey data; and Fayetteville State University honors successful supply chain interns.
The executive has entered the Republican primary for Oregon’s new 6th District.
Richard Smith continues to climb the corporate ladder as he takes over FedEx Express later this year.
Richard Smith sustituirá a Donald Colleran como presidente y CEO de FedEx Express
The U.S. Postal Service wants to grab a larger share of the parcel business, and it is rolling out programs designed to do just that.
As the world holds its breath for the people of Ukraine, conflict in the region could soon disrupt global e-commerce volumes.
The U.S. Postal Service is expanding a pilot program that will offer small businesses next-day and even same-day shipping at affordable prices.
This week: James “Big Brown” Joseph joins UPS volunteers to build a wheelchair ramp for a World War II veteran, FedEx launches its Small Business Grant contest and Ruan’s vice president of operations joins the One Warm Coat board.
This week: Russia-based Aviacon brings animals of U.S. troops and contractors from Kabul to Canada; Averitt Express raises over $1 million for St. Jude; and FedEx launches its HBCU student ambassador program.
A Postal Service reform package passed by the House on Tuesday would eliminate massive financial burdens at the agency while maintaining a unified package and mail network.
The U.S. Postal Service reported a widening net loss in the fiscal 2022 first quarter due to higher compensation and benefits costs. Transport costs rose 9% due to higher fuel expenses.
FedEx operates about 280 small, turboprop cargo aircraft. New ones starting to enter the fleet are bigger and more capable.
A compilation of the past week in social media images includes major winter storms from the Southwest to Northeast.
Nearly 80% of the U.S. commercial fleet has been deemed safe to operate around 5G antennas, but not some of the largest freighters in the FedEx and UPS fleets.
Shippers, not just passengers, will be negatively impacted by delayed flights and rerouting to alternative airports if telecom companies eventually launch service close to airports.
Data indicates delivery companies may have been overstaffed for the peak shipping season, leading to fewer delays and a successful season.
A confluence of critical events will determine if the company can deliver on its margin improvement pledge.
United opposition from four major U.S. cargo airlines has made Saudia reconsider its request for an exemption to fly freighters outside the normal regime governing air services.
No hace falta ser un experto para saber que el sector del transporte por carretera tiende a confiar demasiado en sus raíces heredadas. Después de todo, para un sector empresarial […]
The Top 500 list of the largest U.S.-based for-hire trucking fleets is ranked on the basis of tractor count.
A collaborative effort kept the delivery Grinch at bay this peak season.
UPS matched last year’s performance, while the Postal Service improved considerably, ShipMatrix says.
Chutzpah: When Saudi Arabia’s flag carrier asks the U.S. to operate cargo flights directly from Europe and the Saudi government denies similar rights to U.S. carriers.
BrightDrop announced FedEx has ordered 2,000 additional electric vans and is in discussions for up to 20,000 more. Walmart also has placed an order for EVs, planning to add 5,000 to its home delivery fleet.
The case that spurred the NLRB action is not about a transportation company, but the independent contractor definition continues to be a big issue for trucking.
If shopping in 2021 could be summed up in one word, it would be e-commerce. Online shopping has had profound effects on the global economy.
Organic growth also has been key to the growth and continued success of LGSTX Services.
Fuel levies hit two weeks before other surcharges and eight days after 2022 rate increases.
Perhaps no single segment of the supply chain was more affected by the COVID pandemic than last-mile delivery. The final mile has undergone an evolution as e-commerce and faster delivery demands take hold.
Strong performances by UPS and the Postal Service cap a quiet peak season.
The White House will be “shining a light on profiteering” by ocean carriers in an effort to fend off inflation and keep supply chains moving.
Optimizing a broader carrier base can work wonders for shippers. The trick is how to balance new partners without tossing the benefits of the old ones.
More parcel processing capacity and earlier holiday shopping schedules are key factors in the agency’s improvement, ShipMatrix says.
FedEx’s Express and LTL units delivered solid performances, while the bottom may have been hit at its Ground unit.
Volume and yield gains powered the Express and LTL units, while staffing shortages and operating inefficiencies continued to hurt the Ground unit.
Shipware will deepen SIB’s shipping analysis portfolio, while Shipware clients can get spending needs addressed beyond parcel delivery, Shipware’s co-CEO said.
Aurora Innovation acquired Uber’s advanced technology group last year. Now it is piloting autonomous integration with Uber Freight.
FedEx to join UPS in imposing special-handling delivery surcharges based on a shipment’s length-of-haul.
The increases, to take effect Dec. 26, will be highest among parcels in the 1- to 5-pound range.
The deal continues the trend of steamship lines adding logistics capabilities to their portfolios.
Holiday shipping deadlines you need to know!
FedEx and UPS suspended guaranteed delivery refunds when the pandemic hit. As shippers chafe under erratic service levels, they face the possibility that some programs may never return.
Robotic delivery firm Nuro will begin making autonomous deliveries for 7-Eleven in Mountain View, California.
The regional parcel delivery carrier becomes the private equity firm’s 10th “logistics and infrastructure services” investment.