Two of the largest for-hire carriers are making operational and financial preparations for an anticipated upturn in the freight market after months of weak demand, executives said.

More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.

A pair of 3-year old giant pandas have left a research facility in Dujiangyan, China, and were flown via FedEx's Panda Express to Washington.

Top commercial drivers highlighted the trucking workforce’s role in promoting transportation safety and economic prosperity nationwide at an event near the U.S. Capitol.

FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.

FedEx and UPS warned of potential delays in package deliveries as the couriers grapple with the impact of a massive IT failure that is upending markets and crippling companies globally.

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.

PAVILION TOWNSHIP, Mich. — Two reported tornadoes struck a Michigan city and the surrounding area May 7, destroying homes and commercial buildings, including a FedEx facility.

FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.