FedEx Surges After Higher Rates Boost Profit, Ease Labor Worries
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.
Snarled Supply Chain Ignites Economic Boom Along US-Mexico Border
Near-shoring is one of the biggest economic transformations sparked by the pandemic: Shrink the length of the supply chain to keep production closer to its final destination and reduce the risk of some snag messing things up along the way.
UPS Same-Day Unit Roadie Says Delivery Volume Doubled Last Month
Roadie, the same-day delivery startup that UPS Inc. acquired in October, said its package volume more than doubled in November from a year earlier as shoppers heeded the call to make holiday purchases early.
Union Pacific Receives Cargo 24/7 Near L.A. Ports
Union Pacific Corp. has begun receiving trucks around-the-clock at its freight facility near the ports of Long Beach and Los Angeles, extending operating time by about 20 hours a week to help ease cargo congestion.
FedEx Sets Rate Increase, Cites Challenging Operating Environment
FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a “challenging operating environment.”
FedEx to Spend $100 Million on Improving Delivery Vehicle Safety
FedEx Corp. plans to spend more than $100 million to improve delivery van safety and reduce costs from accidents, potentially dragging on short-term earnings as the courier faces pressure from rising wages and other expenses.
UPS to Acquire Same-Day Delivery Startup Roadie
UPS Inc. agreed to acquire Roadie, a same-day delivery startup, looking to speed service and expand into atypical parcels such as oversized packages and perishable goods.
Union Pacific Sees Stubborn Inflation, From Rails to Lawn Mowing
Union Pacific Corp. is coping with inflation on everything from steel for tracks to cleaning its offices and sees no signs of relief soon.
Rails Brace for Gridlock After Ida Hammers New Orleans Hub
Hurricane Ida forced Kansas City Southern to shut its main line in Louisiana and has halted exchanges between railroads in New Orleans, which may worsen delays in a U.S. shipping industry that already is stretched thin.
Startup Couriers Snatch Toehold in Biggest Shake-Up of E-Commerce Era
Surging e-commerce is generating more package deliveries than giant couriers can handle, clogging retailers’ logistical pipelines and frustrating consumers. But the logjam is spawning startups with new ways of speeding deliveries.