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FedEx Names CEO, Chairman for Spun-Off Freight Unit

The appointments will take effect after the separation of FedEx Freight from FedEx Corp., which the company expects to complete by June 2026.

May 20, 2025

Tariff Truce Boosts Global Shippers

Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.

May 16, 2025

Walmart Says It Will Raise Prices Due to Tariff Costs

Walmart’s first-quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.

May 15, 2025

Hapag-Lloyd CEO Sees ‘Huge Surge’ in Volume in Last Few Days

Hapag-Lloyd is seeing a jump in business after the U.S. and China lowered tariffs, the company’s CEO said, as the trade war ceasefire unleashes a wave of pent-up demand for shipping.

May 14, 2025

GOP Bill Would End Duty-Free Imports of Cheap Foreign Goods

House Republicans have proposed using their tax and spending bill to end duty-free imports of cheap foreign goods, a perk companies have used to grow their U.S. business for the past decade.

May 13, 2025

Landstar Posts Q1 Revenue of $1.15B After Fraud-Related Delay

Landstar System reported its first-quarter earnings following a two-week delay caused by a supply chain fraud incident, the company said May 13.

May 13, 2025

Freight Rates Set to Rise on Pacific Shipping Frenzy

A China-U.S. deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.

May 13, 2025

Maersk Cuts Global Container Market Outlook on Tariff War

A.P. Moller-Maersk, the Danish container giant, lowered its forecast for the global transport market rattled by President Donald Trump’s trade war.

May 8, 2025

USPS Eyes FedEx’s David Steiner for Postmaster General Role

The USPS board has spent months looking for a new leader after Louis DeJoy abruptly resigned in March. DeJoy had pushed for sweeping changes to promote efficiency at the postal service.

May 7, 2025