(Reuters) - Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December. The Memphis, Tennessee-based company said it would invest $1.5 billion to significantly expand
Cargo Delivery
A Shortage of Trucks Is Forcing Companies to Cut Shipments or Pay Up
Kaduna Inland Dry Port Operational Manual Ready Thursday When Stakeholders Meet
The operational manual of the Kaduna Inland Dry Port will be ready on Thursday, January 25, the Nigeria Shippers Council has said. In a statement signed on behalf of the Council by Ignatius Nweke and made available to journalists yesterday in Abuja, hinted that the Nigerian Shippers’ Council is holding a
U.S Trucking Companies Race to Add Capacity, Drivers as Market Heats Up
Trucking companies can’t add capacity fast enough to take advantage of a flood of new business, analysts say. PHOTO: JOE RAEDLE/GETTY IMAGES Investors hope rising prices to move freight translate to higher profits when carriers including Werner Enterprises, Old Dominion report earnings Trucking fleets are charging higher prices to move freight around the country.
UPS, FedEx suffered high late-delivery rates during 2017 holiday season
If your delivery arrived late this holiday season, you aren’t alone. A post-holiday analysis of deliveries performed by LateShipment.com found that both UPS and FedEx struggled to process record-high delivery volumes. The shipment-tracking company’s CEO Sriram Sridhar said that, when it came to ground shipments, both UPS and FedEx, “had alarmingly high
DHL forwarding unit unveils trade barometer index
The predictive trade index is designed to help the market understand the direction of ocean freight and airfreight trade growth. DHL Global Forwarding on Thursday unveiled a new predictive trade index built around the collection of data from the movement of intermediate goods and raw materials. The index, called the DHL Global
Winter Storm ‘Inga’ causing widespread disruption across U.S. logistics sector
FedEx has been reporting disruption at its Memphis Airport (MEM) hub for days. Now, a second storm, “Winter Storm Inga,” is moving through the region, and a growing list of forwarders and carriers are advising their customers across the U.S. Midwest and South that their shipments could be impacted. “Winter weather
Winter storm in U.S. causes widespread freight disruption at FedEx’s Memphis hub
A cold front moving east across the American Midwest region caused extensive flight disruption at FedEx’s Memphis International Airport (MEM). The airport is FedEx Express’ global hub, and the “substantial flight and sort disruptions” experienced will have widespread implications on express logistics. FedEx said that “potential delays are possible for package
Boeing’s cargo UAV a shot in the arm for drone delivery market
CAV prototype in the lab, courtesy of Boeing Chicago (ACN) - A working prototype cargo drone unveiled today by Boeing marks the entry of the world’s largest aircraft manufacturer into the unmanned electric air cargo air vehicle space. While analysts have predicted for some time now that drones are on course to
