FedEx Corp. said Chairman and CEO Fred Smith is taking a salary cut, effective April 1, from $115,402 per month to $10,728 per month through Sept. 30.
April 7, 2020Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
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Extras
FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months
Ship Crews Stuck in Lockdown Strain Global Supply Chains
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic.
April 7, 2020World’s Biggest Lockdown Brings Trucks to a Standstill in India
The world’s biggest lockdown has brought transportation of goods in India to a near halt, even though the federal government has exempted the sector from restrictions to halt the spread of coronavirus.
Port of Savannah Eliminates Saturday Truck Operations
The Port of Savannah, the second busiest on the East Coast, is closing operations on Saturdays to truck drivers, effective immediately, as business slows due to the coronavirus pandemic.
Spot Rates Show Signs of Stabilizing as Economy Slides Into Recession
Research from companies that track trucking data suggests that while the spot rate market amid the COVID-19 crisis may be settling, the long-term effects of this steadying could be good for the industry.
DOT Ready to Help Truckers as They Support Country, Elaine Chao Says
Transportation Secretary Elaine Chao told Transport Topics during an exclusive interview that her agency stands ready to build on the actions it already has taken to help trucking support the country through the coronavirus crisis.
Truckers Work to Overcome Difficulties in Food Supply Chain
Truckers hauling food are facing delays across the globe in the latest disruption to supply chains snarled by the coronavirus pandemic.
April 3, 2020Appeals Court Denies Teamsters Motion in California Trucking Association Lawsuit
A federal appeals court has denied an effort to temporarily lift a lower court’s preliminary injunction blocking California from enforcing a state law that restricts how motor carriers classify independent operators.
How Trucking Apps Support Drivers in Coronavirus Pandemic
Mobile apps are helping truck drivers tackle routing challenges for the swell of necessary deliveries brought on by the coronavirus.
Airlines Shift to Cargo as Passenger Volume Falls Dramatically
Faced with hundreds of parked planes and near-empty flights as a result of the coronavirus pandemic, some of the world’s biggest airline executives are turning their focus to cargo.