FedEx Corp. rode increased prices to post profit above analysts’ estimates, bolstering the company’s outlook and easing investor concerns over higher labor U.S. costs. The shares rose in late trading.
December 16, 2021Search
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Ports Post Strong November Volumes as Imports Continue to Surge
Atlantic and Pacific ports in November continued their record-setting pace as imports continue to flood into the country during the peak of the holiday shopping season.
December 16, 2021FedEx Invests $72 Million in Miami Airport Cargo Hub
FedEx Corp. began operations Dec. 15 at its substantially bigger air cargo hub at Miami International Airport. The $72 million addition, two years under development and roughly the size of two football fields, doubles the hub’s size to 282,000 square feet.
December 16, 2021Trucking Industry M&A Activity Surges During 2021
2021 was an especially busy year for trucking in terms of acquisitions, with various factors creating an ideal market for buyers and sellers.
December 16, 2021Driver Shortage Defines Trucking for 2021
The shortage of professional drivers quickly became the defining issue for the industry during the past year with its far-reaching effects.
December 17, 2021Oakland Port Imports Rebound in November as Chaos Roars in L.A.
Container traffic at the Port of Oakland is starting to pick up again amid the supply chain chaos. Cargo imports handled by the Port of Oakland increased 6.5% in November from a year earlier, the hub said in an emailed statement Dec. 15.
December 15, 2021GXO Announces Expanded Use of Robotics in UK Warehouses
GXO Logistics is deploying 6 River Systems or 6RS collaborative robots, also known as cobots, on multiple mezzanine floors in one of its distribution centers in Milton Keynes, England.
December 15, 2021Responding to Supply Chain Needs, USDOT Announces Maritime Grants
To continue its push to alleviate freight bottlenecks nationwide, the U.S. Department of Transportation announced a series of grants for commercial maritime operations and freight hubs along key parts of the supply chain.
December 14, 2021SkyBitz Launches SmartTank Portal
Asset-tracking provider SkyBitz has introduced a new management portal for its SmartTank wireless tank monitoring system.
December 14, 2021What Can Freight Brokers Do When It’s Tough To Find Load Coverage?
Freight brokers are on the front lines of the trucking industry. They act as an intermediary between shippers and carriers, which is not an easy job.
December 1, 2021