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Business, Logistics, Breaking News, Top 100

Fred Smith Steps Down as FedEx CEO, Remains Executive Chairman

FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.

Dan Ronan and Joe Howard | Staff Reporters
March 28, 2022
Business, Logistics, Top 100

Amazon Stock Rally Erases Losses for the Year

Amazon .com Inc. shares rallied March 28, with the e-commerce giant becoming the first of megacap tech stocks to erase losses for the year.

Ryan Vlastelica | Bloomberg News
March 28, 2022
Business, Equipment, Logistics, Top 100

XPO Sells Intermodal Unit to STG Logistics for $710 Million

XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million.

Dan Ronan | Senior Reporter
March 25, 2022
Business, Top 100

James Hoffa Steps Down as Teamsters President

The International Brotherhood of Teamsters announced general president James Hoffa stepped down after 23 years in the post.

Roger Gilroy | Senior Reporter
March 22, 2022
Business, Logistics, Top 100

A. Duie Pyle to Open Three Locations in Virginia

A. Duie Pyle is opening three new facilities as part of an effort to expand its services into Virginia, the company announced March 15.

Connor D. Wolf | Staff Reporter
March 22, 2022
Business, Top 100

Stevens Transport Announces Its Largest Driver Pay Increase

Stevens Transport has implemented its largest driver pay increase in its 42-year history, the company announced March 18.

March 21, 2022
Business, Logistics, Top 100

FedEx Reports Record Q3 Revenue on Holiday Surge

Fueled by a strong holiday shopping season by both its business and consumer customers, FedEx Corp. reported higher fiscal third-quarter earnings.

Dan Ronan | Senior Reporter
March 18, 2022
Government, Business, Safety, Logistics, Top 100

Carriers Suspend Operations in Russia, Ukraine

Transportation companies have been suspending operations in Russia and Ukraine amid the ongoing war between the countries.

Connor D. Wolf | Staff Reporter
March 17, 2022
Government, Business, Logistics, Top 100

Yellow Reaches Settlement With DOJ

Yellow Corp. has reached a settlement with the Department of Justice over allegations dating back to 2005 that the company overcharged the federal government while shipping items for the Department of Defense.

Dan Ronan | Senior Reporter
March 10, 2022
Business, Safety, Logistics, Top 100

Amazon Stops Sending Products to Russia

Amazon .com Inc. says it has stopped shipping products sold on its retail website to customers based in Russia and cut off access to its video streaming service there.

Matt Day | Bloomberg News
March 9, 2022