Ocean Shippers’ Capacity Exceeding Cargo Demand
Container lines around the world continue to add shipping capacity faster than cargo demand grows, increasing long-standing pressure to reduce freight rates and slash costs, industry experts said.
June 29, 2015FedEx Settles Contractor Case
FedEx Corp.’s decision to settle a California driver-status case for $228 million likely will trigger more attacks on the independent contractor model nationwide, experts predicted.
June 22, 2015FedEx’s 4Q Helped by Rates, Cost Cuts
FedEx Corp. said net income was $753 million, or $2.66 per share, excluding one-time costs, for its fiscal fourth quarter ended May 31, reflecting stronger results at the Express, Ground and Freight units.
June 22, 2015FedEx Settles Contractor Suit for $228 Million
FedEx Corp. has agreed to pay $228 million to settle long-running lawsuits in California that challenged the status of workers at its Ground unit, who are classified as contractors by the company.
June 15, 2015New Steps to Boost Driver Pay Include Weekly Guarantees
Driver pay increases are continuing at a brisk pace as fleets turn to weekly guarantees, new mileage calculation approaches and steps to cushion fuel price swings, carrier officials and industry experts said.
June 15, 2015New Southern California Trucking Company Formed; All Port Drivers Will Be Employees
The ongoing battle over Southern California’s port truckers job status has taken a new turn with the formation of Eco Flow Transportation, an all-employee driver operation.
May 4, 2015US, Canada Release Harmonized Rail Safety Rules
The U.S. Department of Transportation and Transport Canada released a “harmonized” final tank car safety rule that is meant to avert all rail accidents involving crude by rail and other volatile hazardous materials.
May 1, 2015XPO Logistics Agrees to Buy Norbert Dentressangle for $3.53 Billion
XPO Logistics Inc. agreed to buy French logistics company Norbert Dentressangle SA for $3.53 billion to expand in the global sector, a move that will nearly triple the U.S. company’s revenue.
April 28, 2015Southern California Truckers Strike Enters Second Day
Truck drivers at the ports of Los Angeles and Long Beach continued a strike against four fleets, including two controlled by XPO Logistics, for a second day April 28.
April 28, 2015Truckers Strike Against Four Southern California Fleets
Several hundred truck drivers at the ports of Los Angeles and Long Beach began a strike against four fleets, including two controlled by XPO Logistics, but there were no reports of interrupted cargo flow on the docks at the nation’s two largest ports.
April 27, 2015