The continued yearlong surge in e-commerce brought on by the COVID-19 pandemic sent FedEx’s year-over-year fiscal third-quarter net revenue up 23% to $21.5 billion, compared with $17.4 billion in the same period in 2020.
March 18, 2021Search
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XPO Sets GXO Logistics as Name of New Spinoff Company
XPO Logistics has selected GXO Logistics as the name of the stand-alone logistics company that it will spin off from its larger operation later this year.
March 18, 2021Trucking Industry Making Strides Toward Electrification
Original equipment manufacturers, shippers and environmental activist groups are aligning behind the promised benefits of zero-emission trucks, and are encouraging the trucking industry to accelerate adoption of vehicles powered by alternatives to diesel.
March 11, 2021COVID-19 Exposes Cold Chain Problems, Solutions
The coronavirus pandemic has presented new challenges and opportunities for innovation in cold chain shipments.
March 2, 2021UPS Expects 40% Jump in Vaccine Doses Next Week, Peak in May
UPS Inc. and FedEx Corp. are ramping up vaccine distribution, with plans for additional gains if Johnson & Johnson’s inoculation is cleared by U.S. regulators.
February 25, 2021Kuehne + Nagel Buys Apex Logistics in $1.5 Billion Deal
Kuehne + Nagel International AG has agreed to acquire Apex International Corp. in a deal that values the freight forwarder at about $1.5 billion, according to people familiar with the matter.
February 22, 2021US Steps Up Heat on Container Carriers to Ease Port Congestion
U.S. regulators stepped up the heat on ocean shipping companies and the seaport terminals some of them operate, seeking to smooth the disrupted flow of containers that are swamping America’s biggest ports and wreaking havoc on the nation’s strained supply chains.
February 18, 2021Does Your Business Belong on Our List of Top 50 Logistics Companies?
There's only a short time left to submit for our 2021 Top 50 Logistics publication.
February 10, 2021Chinese Package-Delivery Firm SF Holding Eyes Stake in Kerry Logistics
SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.
February 4, 2021UPS Gives Old Jets New Life
Imagine ripping out the dashboard of your 20-year-old minivan and replacing it with the high-tech controls from a Tesla.
February 4, 2021