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FedEx Chief Financial Officer John Dietrich will step down after the courier completes a planned spinoff of its freight division into a stand-alone company.

Gianluigi Aponte, 85, made the transfer of the closely held company to son Diego and daughter Alexa in the last quarter of 2025, according to a statement.

Slate wants to tap consumer demand for more affordable vehicles with a stripped-down, two-seater pickup that can go 150 or 240 miles on a single charge. 

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

Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the U.S.-Iran ceasefire deal.

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

While shipowners and insurers lined up to welcome the ceasefire, they also warned that more details will be needed to determine if safe transit is possible.

A unit of Hong Kong’s CK Hutchison said that Maersk had undermined a contract over operations of ports at either end of the Panama Canal.

Amazon’s fuel and logistics-related surcharge will apply to U.S. and Canadian sellers using its Fulfillment by Amazon option, effective April 17.

USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.