91ÊÓƵ

FedEx Freight plans to target improved market share among four segments of the less-than-truckload market as a stand-alone entity, according to top executives.

FedEx pilots reached a tentative labor agreement with the parcel company, marking a significant step toward resolving nearly five years of negotiations.

FedEx has said it’s separating the freight and parcel operations to better focus on each business.

FedEx Freight incoming CEO John Smith will deliver the opening keynote in Las Vegas on May 4, weeks before the unit spins off from FedEx on June 1.

FedEx remains on track with the planned spinoff of its freight division into a new publicly traded company, executives said while discussing Q3 results.

“How long are employees going to work and vendors going to show up if we're not paying them?" Postmaster General David Steiner said in an interview.

Garden Grove, Calif.-based chassis and truck manufacturer Harbinger said the truck would be available as both a battery-electric vehicle and a plug-in hybrid model.

FedEx has eclipsed rival UPS as the largest U.S. parcel carrier by market value for the first time. The shift in market value leadership marks a historic reversal for the two biggest U.S. parcel carriers.

Thousands of companies are angling for refunds on President Donald Trump’s tariffs, many of which were ruled unconstitutional Feb. 20. Now some retail customers are joining the scrum.

The justices were silent on the refund question, leaving questions of payback to the New York-based U.S. Court of International Trade. No one expects a speedy resolution.