Global Freight

Trucking companies serving the country’s major ports had to grapple with a national shift in volumes toward the West Coast in September.

AIT Worldwide Logistics agreed to acquire Sydney-based freight forwarder Connor Anderson International, expanding AIT’s operations in Australia.

The company’s revenue was $2.442 billion in the three months that ended Sept. 30, an increase of 8.1% compared with $2.259 billion in the same period a year earlier. 

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.

Amazon offered a cautious sales outlook for Q4 that encompasses the critical holiday shopping period after delivering Q3 results that came in below analysts' expectations.

C.H. Robinson Worldwide executives on Oct. 28 pushed back against analysts’ concerns that the RXO acquisition could create operational overlap and friction.

“As we head into peak, our network is more automated, more efficient and better positioned than ever to handle the holiday surge,” UPS CEO Carol Tomé said.

U.S. crude oil exports to Asia are set to hit multiyear lows after the Iran war pushed the cost to lease a tanker for the journey to a record of almost $80 million.

UPS, which has been reducing package volume from Amazon to focus on more profitable business segments, announced plans to hire more than 100,000 seasonal workers.