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FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.

Amazon .com Inc. shares rallied March 28, with the e-commerce giant becoming the first of megacap tech stocks to erase losses for the year.

XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million.

The International Brotherhood of Teamsters announced general president James Hoffa stepped down after 23 years in the post.

A. Duie Pyle is opening three new facilities as part of an effort to expand its services into Virginia, the company announced March 15.

Stevens Transport has implemented its largest driver pay increase in its 42-year history, the company announced March 18.

Fueled by a strong holiday shopping season by both its business and consumer customers, FedEx Corp. reported higher fiscal third-quarter earnings.

Transportation companies have been suspending operations in Russia and Ukraine amid the ongoing war between the countries.

Yellow Corp. has reached a settlement with the Department of Justice over allegations dating back to 2005 that the company overcharged the federal government while shipping items for the Department of Defense.

Amazon .com Inc. says it has stopped shipping products sold on its retail website to customers based in Russia and cut off access to its video streaming service there.