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.
June 26, 2024No rankings are available for this year.
Extras
FedEx’s Strong Profit Forecast Drives Stock Surge
Conn. Project to Revamp Congested Interchange Gains Traction
The second phase of a $500 million reconfiguration of interstates 91 and 691 in Connecticut commenced on a congested freight route two hours from Boston and New York.
Texas Logistics Company Ceases Operations
Humble, Texas-based U.S. Logistics Solutions told 2,000 employees that the company was ceasing operations and they would not receive paychecks.
Aurora Innovation, Uber Freight Launch Driverless Program
Uber Freight and Aurora Innovation are launching a program aimed at providing carriers with early access to over a billion miles of driverless deliveries, the companies announced June 25.
Maine’s New Madawaska Bridge to Canada Opens
A new bridge and land port of entry between Maine and Canada has opened, the culmination of a $97.5 million project to build a larger structure to replace a 104-year-old span.
Supreme Court to Consider Approval for Utah Rail Project
WASHINGTON — The Supreme Court agreed to consider reviving a critical approval for a railroad project that would carry crude oil and boost fossil fuel production in rural eastern Utah.
June 24, 2024Dali Cargo Ship Leaves Baltimore for Virginia
The cargo ship Dali headed out of Baltimore for Virginia, three months after it lost power and crashed into one of the Key Bridge’s supporting columns and caused the bridge to collapse.
Railroads Must Report Hazmat Immediately After Derailment
OMAHA, Neb. — A new federal rule aims to ensure first responders can find out what hazardous chemicals are on a train almost immediately after a derailment so they can respond appropriately.
UPS to Sell Coyote Logistics to RXO
UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23.
Congress Debates FY25 NDAA
A comprehensive defense policy measure recently approved in the House of Representatives proposes security enhancements for trucks at military bases and a review of a new moving contract.