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FedEx Surges as E-Commerce Demand Sends Profit Climbing

Article written by Thomas Black FedEx Corp. surged as a wave of e-commerce demand bolstered pricing power and propelled earnings amid the coronavirus pandemic. Sales at the ground-delivery unit jumped 36% to $7 billion and operating margins rose to 11.8%, the highest in a year, FedEx said in a statement Tuesday. That helped push the courier’s total earnings […]

U.S. Xpress celebrates its drivers, elects former FedEx Freight CEO to board of directors

The company’s week-long lineup of events will bring its drivers prizes, virtual concerts and nearly $14,000 in hourly gift cards. U.S. Xpress Enterprises Inc. has elected Michael Ducker, former President & CEO of FedEx Freight, to its eight-member board of directors. This new addition comes just before National Truck Driver Appreciation Week, where the company is […]

The Daily Dash: Holiday shipping wars; drug testing; and autonomous trucks to hit the roadways

Article written by Brian Straight  FedEx and UPS have a simple message to holiday shippers: It’s time to pay up. The package giants have rolled out peak-season charges that affect shippers differently, based on how much they ship. (Photo: Jim Allen/FreightWaves) The Daily Dash is a quick look at what is happening in the freight […]

Freightos links online freight marketplace with FedEx Logistics

Logistics technology platform provider Freightos Ltd. has struck a deal with FedEx Corp. to digitize operations at the transport and logistics giant, the firm said today. Both partners stand to benefit in the partnership, as Hong Kong-based Freightos will supply its WebCargo technology to digitize FedEx Logistics Inc., while FedEx Trade Networks provides digitized customs brokerage services for importers on the Freightos.com marketplace. […]

Retailers, Private Fleets Expand Delivery Options to Keep Pace With E-Commerce Demand – Seth Clevenger | Transport Topics – Managing Editor, Features

Rapid e-commerce growth has ushered in new final mile methods and technologies, like Udelv’s autonomous delivery. (Seth Clevenger/Transport Topics) [Stay on top of transportation news: Get TTNews in your inbox.] The inexorable growth of e-commerce and rising consumer expectations are quickly elevating the cost and complexity of final-­mile delivery. To remain competitive in this time […]

Nigerian digital freight marketplace Kobo360 raises $20 million – FreightWaves – Vishnu Rajamanickam, Staff Writer

Nigerian digital freight marketplace startup Kobo360 raised $20 million in a Series A funding round led by Goldman Sachs while pocketing another $10 million in working capital financing from Nigerian commercial banks. Kobo360 is one of the most recognized FreightTech players in Africa, revolutionizing a cacophonic market riddled with several inconsistencies.  Kobo360 began its journey […]

Kuebix Extends Load Matching Service With Emerge Private Freight Marketplace – Supply Chain 247 – By Jeff Berman

Kuebix Emerge Partnership Earlier this week, Scottsdale, Arizona-based Emerge, a provider of its proprietary Private Freight Marketplace (PFM) and TMS focused on accelerating productivity and increasing visibility for supply chain stakeholders, and Maynard, Mass.-based TMS provider Kuebix announced a partnership. The key elements of this partnership include the addition of the Emerge marketplace to the Kuebix […]

LTL Q&A: UPS Freight President Rich McArdle – Logistics Management – By Jeff Berman, Group News Editor

Logistics Management’s Jeff Berman recently caught up with UPS Freight President Rich McArdle on a wide variety of topics, including LTL pricing, regulations, and what needs to happen to improve transportation infrastructure. A transcript of their conversation follows below.  Logistics Management: How do you view the general state of the freight economy as it relates […]

Grant Crawford promoted to president at Emerge – FreightWaves – John Paul Hampstead, Associate Editor

Grant Crawford has been promoted to President at Emerge, the Leto brothers’ third and current freight tech startup. Crawford began his career in logistics in 1991 as a package handler for FedEx Ground when it was just getting started and eventually rose to VP of international operations, overseeing the company’s expansion into Canada.  Andrew and […]

Cargo Chief Raises $2.5 Million in Venture Capital – Company’s Digital Platform C4 Helps 3PLs Capture Loads – Transport Topics

Company’s Digital Platform C4 Helps 3PLs Capture Loads Cargo Chief, which provides a carrier integration platform for 3PLs, announced it has raised more than $2.5 million, according to a Jan. 25 press release. The company’s platform, called C4, helps third-party logistics firms digitally match freight loads for their shipper customers to overlooked trucking capacity. BootstrapLabs, […]