FedEx Corp. will raise general rates on Jan. 7, according to a statement the company released on Nov. 5, reflecting tight capacity and greater demands from a strong economy.
November 8, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
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Extras
FedEx Announces Rate Increases for 2019 as Demand Grows
Roar Logistics Changes Designs for Buffalo Headquarters
Roar Logistics is redesigning its planned headquarters on Exchange Street in Buffalo, N.Y., after a surprise discovery limited the amount of land available for the new building.
Growing Logistics Startup FourKites Moving to Larger Office
Shipping logistics startup FourKites is moving its office to the West Loop Gate neighborhood of Chicago, having outgrown its space in the Loop.
Outfitted Kenworth W990 to Set Off With Capitol Christmas Tree
A new Kenworth W990 has the honor of hauling the 54th U.S. Capitol Christmas Tree. The approximately 3,000-mile journey to Washington will start Nov. 9.
Intermodal Shipments Up 4.7% in Third Quarter
Intermodal shipments grew 4.7% in the third quarter as companies stepped up imports ahead of promised U.S. tariffs on foreign goods and domestic shippers shifted from highway to rail in response to rising freight rates and constraints on truck capacity.
Walmart Surpasses Amazon as Online Shoppers’ Most Popular Grocer
Look out, Amazon: Walmart is coming to steal your lunch — and maybe dinner too. The world’s largest retailer has surpassed the e-commerce giant in a survey of online food shoppers, more of whom said they most recently visited Walmart’s site for groceries.
Expeditors International Posts Record Profits, Net Revenue in 3Q
Expeditors International of Washington Inc. achieved record profits and net revenue in the third quarter as the Seattle-based air and ocean freight forwarder benefited from lower taxes and kept ahead of rising transportation costs in a tight-capacity market.
Hub Group to Acquire Retail Consolidation Specialist CaseStack
Hub Group has agreed to acquire CaseStack Inc. for $255 million as part of a strategy to expand and diversify its transportation service offerings.
Amazon Is Said to Split HQ2 Between New York, Northern Virginia
Amazon.com’s yearlong search for a second headquarters is nearing an end, people with knowledge of the matter said. One will be the Crystal City area of Arlington, in Northern Virginia, two people said. Another will be Long Island City, in the New York borough of Queens, other people said. An Amazon spokesman declined to comment.
November 6, 2018Diesel Continues to Slide, Drops 1.7 Cents to $3.338 a Gallon
The U.S. average retail price of diesel dropped 1.7 cents to $3.338 a gallon as prices for West Texas Intermediate crude oil continued to sink despite concerns that global supplies could fall amid U.S.-imposed sanctions on Iran. It was the third consecutive weekly decline in the price of diesel.