Business, Logistics, Top 100

FedEx Surges After Higher Rates Boost Profit, Ease Labor Worries

FedEx Corp. rode increased prices to post profit above analysts’ estimates, bolstering the company’s outlook and easing investor concerns over higher labor U.S. costs. The shares rose in late trading.

Thomas Black | Bloomberg News
December 16, 2021
Government, Business, Logistics

Snarled Supply Chain Ignites Economic Boom Along US-Mexico Border

Near-shoring is one of the biggest economic transformations sparked by the pandemic: Shrink the length of the supply chain to keep production closer to its final destination and reduce the risk of some snag messing things up along the way.

Thomas Black | Bloomberg News
December 14, 2021
Business, Technology, Logistics

UPS Same-Day Unit Roadie Says Delivery Volume Doubled Last Month

Roadie, the same-day delivery startup that UPS Inc. acquired in October, said its package volume more than doubled in November from a year earlier as shoppers heeded the call to make holiday purchases early.

Thomas Black | Bloomberg News
December 13, 2021
Business, Logistics

Union Pacific Receives Cargo 24/7 Near L.A. Ports

Union Pacific Corp. has begun receiving trucks around-the-clock at its freight facility near the ports of Long Beach and Los Angeles, extending operating time by about 20 hours a week to help ease cargo congestion.

Thomas Black | Bloomberg News
October 19, 2021
Business, Logistics, Top 100

FedEx Sets Rate Increase, Cites Challenging Operating Environment

FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a “challenging operating environment.”

Thomas Black | Bloomberg News
September 21, 2021
Business, Technology, Equipment, Safety, Top 100

FedEx to Spend $100 Million on Improving Delivery Vehicle Safety

FedEx Corp. plans to spend more than $100 million to improve delivery van safety and reduce costs from accidents, potentially dragging on short-term earnings as the courier faces pressure from rising wages and other expenses.

Thomas Black | Bloomberg News
September 20, 2021
Business, Logistics, Top 100

UPS to Acquire Same-Day Delivery Startup Roadie

UPS Inc. agreed to acquire Roadie, a same-day delivery startup, looking to speed service and expand into atypical parcels such as oversized packages and perishable goods.

Thomas Black | Bloomberg News
September 10, 2021
Business

Union Pacific Sees Stubborn Inflation, From Rails to Lawn Mowing

Union Pacific Corp. is coping with inflation on everything from steel for tracks to cleaning its offices and sees no signs of relief soon.

Thomas Black | Bloomberg News
September 9, 2021
Government, Business, Safety, Fuel, Logistics

Rails Brace for Gridlock After Ida Hammers New Orleans Hub

Hurricane Ida forced Kansas City Southern to shut its main line in Louisiana and has halted exchanges between railroads in New Orleans, which may worsen delays in a U.S. shipping industry that already is stretched thin.

Thomas Black | Bloomberg News
August 30, 2021
Government, Business, Technology, Equipment, Logistics, Top 100

Startup Couriers Snatch Toehold in Biggest Shake-Up of E-Commerce Era

Surging e-commerce is generating more package deliveries than giant couriers can handle, clogging retailers’ logistical pipelines and frustrating consumers. But the logjam is spawning startups with new ways of speeding deliveries.

Thomas Black | Bloomberg News
July 21, 2021