Latest News Updates From Cailley LaPara

In September, Harbinger said it received an order from FedEx for 2,000 electric delivery vans in a deal worth more than $300 million. 

FedEx Freight offered mixed results in its first earnings report, pointing to transitional bumps as the company learns to stand on its own.

FedEx CEO Raj Subramaniam echoed industry optimism over tightening trucking capacity Oct. 28, despite facing short-term cost headwinds.

RXO shareholders will receive $17.25 in cash and 0.0856 share of C.H. Robinson for each RXO share they own, for an implied consideration of $30.25 a share.

FedEx Freight is pursuing new business in sectors including data center infrastructure, grocery and healthcare to chart its future as a newly independent company.

FedEx reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs that have buffeted its business.

The United States Postal Service is suspending discretionary spending across the organization as it faces a looming liquidity crisis.

USPS will carry out last-mile e-commerce deliveries directly to customer homes for DHL under the agreement, the companies said in a statement May 28. 

FedEx Chief Financial Officer John Dietrich will step down after the courier completes a planned spinoff of its freight division into a stand-alone company.

The proposed 4.8% price hike will be reviewed by the Postal Regulatory Commission, an oversight body, and if approved, will go into effect July 12.