More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.
October 17, 2024No rankings are available for this year.
Extras
Consumers Switch to Slower Shipping, Squeezing UPS, FedEx
CSX Sees 8% Profit Growth Despite Southeast Storm Damage
The Florida-based railroad is recovering from hurricanes Helene and Milton that battered its network in the Southeast. Some trains had to be rerouted as tracks are cleared and repaired.
States Temporarily Lift Fuel Tax Rules for Hurricane Relief
The exemptions are designed to facilitate aid delivery to Southern states still recovering from hurricanes Milton and Helene.
J.B. Hunt Q3 Profit Beats Expectations, Boosts Share Price
Profit at J.B. Hunt Transport Services fell in the third quarter of 2024 but outperformed analyst expectations as intermodal volume rose year over year.
Amazon, Google Make Dueling Nuclear Investments
Amazon on Oct. 16 said it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity.
Dellinger Installed as ATA’s 80th Chairman
NASHVILLE, Tenn. — American Trucking Associations wrapped up MCE 2024 on Oct. 15 with an evening of celebration after electing Dennis Dellinger as the federation’s 80th chairman.
Family, Faith, Trucking: Dennis Dellinger’s Road to ATA Chair
The rise of the 80th ATA chairman is the story of a tough but fair trucking leader, a hardworking, astute man who has advanced over nearly four decades to the top of his profession.
DeSantis Grants SeaPort Manatee $9.5M After Hurricane Milton
Florida Gov. Ron DeSantis awarded SeaPort Manatee a $9.5 million grant to help repair berths and infrastructure after the port sustained $225 million in damages from Hurricane Milton.
Americans Plan to Cut Holiday Gift Buying in Hit to Retail
U.S. shoppers say they’re going to spend less on holiday gifts this year, which would deliver another blow to retailers that have struggled with waning demand.
Walgreens to Close 1,200 US Stores
Walgreens will close about 1,200 locations over the next three years as the drugstore chain seeks to turn around a struggling U.S. business that contributed to a $3 billion quarterly loss.