FedEx Shares Slide as China Opens Probe Over Huawei Deliveries
FedEx Corp. shares dropped as investors assessed the impact of a Chinese probe that puts the delivery company in the middle of an escalating trade conflict with the U.S.
June 3, 2019FedEx Ground to Deliver Seven Days a Week to Satisfy Online Shoppers
FedEx Corp. announced the FedEx Ground unit will offer deliveries seven days a week for the majority of the U.S. population beginning in January to further serve the fast-growing e-commerce market.
May 30, 2019Maverick to Sell Reefer Division to KLLM Transport Services
Maverick USA announced May 24 it will sell its temperature-controlled business to over-the-road carrier KLLM Transport Services of Jackson, Miss. The North Little Rock, Ark., carrier didn’t release terms of the deal.
May 28, 2019Ryder Expands in Boston Area
Ryder System Inc. opened a full-service maintenance facility in Norton, Mass., reflecting the strong growth the company is experiencing in the greater Boston area.
May 24, 2019UPS Signs Biggest Renewable Gas Deal With Clean Energy Fuels
UPS Inc. has agreed to buy the equivalent of 170 million gallons of renewable natural gas from Clean Energy Fuels Corp. over the next seven years in what the company described as the biggest-ever deal involving the alternative fuel.
May 22, 2019Biodiesel, Mudflaps Help Improve Emissions
Although large gains have been made in cleaning up new diesel engines, nearly two-thirds of all commercial trucks don’t meet the latest emissions standards. As of 2017, some 36% of all commercial trucks (Classes 3-8) in the United States rely on the newest generation of diesel engines — a 6% increase over 2016, according to the Diesel Technology Forum, which cited the latest data.
May 22, 2019XPO Shareholders Vote Down Teamster Plan to Split CEO, Chairman Roles
A union proposal to separate the CEO and chairman positions at XPO Logistics Inc. was defeated in a May 15 vote by the company’s shareholders, who instead extended the chairmanship of XPO’s current leader.
May 21, 2019Diesel Inches Higher to $3.163 a Gallon
The U.S. average retail price of diesel rose 0.3 cent to $3.163 a gallon, the Department of Energy reported, while crude climbed to $63.14, the highest level in almost three weeks amid opposing supply-and-demand signals.
May 20, 2019Hub Group Enhances Visibility, Arrival Estimates
Hub Group introduced enhanced end-to-end visibility, which the trucking and supply chain company said will deliver real-time estimated-time-of-arrivals, unveiling the new options May 16.
May 16, 2019YRC Worldwide, Teamsters Enter Into Five-Year Contract
A fully ratified, five-year labor contract among less-than-truckload carrier YRC Freight, regional LTL carriers Holland and New Penn Motor Express, and the International Brotherhood of Teamsters went into effect May 14, covering an estimated 24,000 workers, YRC Worldwide announced.
May 16, 2019