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FedEx Reports Record FY Q2 Net Sales of $20.5 Billion

The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.

December 17, 2020

UPS, FedEx Trucks Begin Vaccine Shipments

KALAMAZOO, Mich. — The first shipments of a COVID-19 vaccine for widespread use in the United States headed Dec. 13 from Michigan to distribution centers across the country, with the first shots expected to be given in the coming week to health care workers and at nursing homes.

December 13, 2020

YRC Loan Profitable for Treasury, Mnuchin Says

Treasury Secretary Steven Mnuchin told a congressional oversight committee that the federal government has made money on a $700 million loan it extended to YRC Worldwide under a coronavirus relief package for businesses that were deemed essential in fighting the pandemic.

December 10, 2020

Transportation Management Technologies Reach Inflection Point

A series of trends and technological advancements is driving change with transportation management systems at an unprecedented pace, according to carriers and TMS providers.

December 10, 2020

Mullen Group Adapts 2021 Business Plan to COVID Expectations

Mullen Group is pursuing a business plan for next year that covers several key goals and budgets based on the coronavirus remaining an issue, the company detailed Dec. 9.

December 10, 2020

FedEx, UPS Tell Senators of Vaccine Distribution Readiness

Two of the country’s largest freight firms reassured federal lawmakers of their preparedness in helping to deliver COVID-19 vaccines as early as this month.

December 8, 2020

UPS Says It Can Handle Vaccine Rollout, Holiday Parcel Rush

UPS Inc. said it has the capacity to handle the rollout of coronavirus vaccines and an unprecedented holiday package rush this month after investments in automation, tracking technology and dry-ice production.

December 8, 2020

Penske Announces Fleet Upgrade Leasing Program

Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.

December 7, 2020

JBS Sends Thousands of Meat Workers 91ÊÓÆµ During COVID Surge

A surge in COVID-19 cases is starting to impact American meat-processing operations in another potential threat to food supply chains that were upended in the early stages of the pandemic.

December 4, 2020