FedEx Corp. reported a sharp increase in annual profits, rocketing 65% year-over-year and easily beating forecasts by a consensus of industry analysts.
June 26, 2017Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
No rankings are available for this year.
Extras
May Tonnage Gains 4.8%, Reversing Downward Trend
Truck tonnage rose 4.8% in May compared with one year ago, the largest year-over-year gain since November 2016, according to the monthly American Trucking Associations index, suggesting that the freight market has tightened in recent weeks.
Amazon Robots Poised to Revamp How Whole Foods Runs Warehouses
When Amazon.com’s $13.7 billion bid to buy Whole Foods was announced, John Mackey, the grocer’s CEO, addressed employees, gushing about Amazon’s technological innovation.
Jack Cooper Plans to Reorganize Debt; Auto Hauler Hopes to Avoid Chapter 11
Leaders of Jack Cooper Holdings Corp., North America’s largest auto hauler, are approaching completion of intense negotiations to reorganize a major portion of the company’s debt.
Preparedness, Adaptability Key for Logistics Stakeholders
Panelists at the Council of Supply Chain Management Professionals presentation touted preparedness in issues ranging from NAFTA to uncertainty about infrastructure spending.
Logistics Spending Dips to $1.39 Trillion in 2016
Anemic shipping volumes and weak pricing for transportation carriers in 2016 combined to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.
FedEx to Open Distribution Center in Ohio
FedEx Corp. will open a new distribution center outside South Dayton, Ohio, in a couple of weeks, a company spokesman confirmed with Transport Topics.
Saddle Creek Expands Omnichannel Fulfillment Operations in Lexington, Ky.
Schneider Responds to Industry Demand With New Phoenix Facility
A new Schneider facility opened June 22 in Phoenix. A truckload, intermodal and logistics provider, Schneider’s investment indicates its response to “industry demand by significantly investing in this growing region,” according to a press release.
June 22, 2017Total US Logistics Spend Dipped in 2016, Says CSCMP
WASHINGTON — Anemic shipping volumes combined with weak pricing for transportation carriers in 2016 to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.