FedEx Partners With Elroy Air to Test Pilotless Package Drone
FedEx Corp. is partnering with Elroy Air, a startup that makes a large cargo drone, to test moving packages by air with no pilot on board.
March 30, 2022Efforts to Refloat the Ever Forward Begin
BALTIMORE — The U.S. Coast Guard prepared a second attempt to free a stranded container ship March 30, more than two weeks after it ran aground in the Chesapeake Bay.
March 29, 2022Global Supply Lines Brace for Economic Storm to Widen
Global supply strains that started to ease in early 2022 are worsening again as headwinds strengthen from the war in Ukraine and China’s COVID lockdowns, threatening slower growth and faster inflation across the global economy.
March 29, 2022Fred Smith Steps Down as FedEx CEO, Remains Executive Chairman
FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.
March 28, 2022Behind the Efforts to Free the Ever Forward
The Ever Forward, a 1,095-foot cargo carrier with more than 4,000 full shipping containers, is the largest ship to have ever run aground in the Chesapeake Bay, and freeing it is an arduous and cumbersome process. The first attempt to refloat the ship will begin at noon March 29.
March 28, 2022Becker Logistics Acquires Trek Freight Services
Becker Logistics has acquired third-party logistics company Trek Freight Services, it was announced March 28.
March 28, 2022Amazon Stock Rally Erases Losses for the Year
Amazon .com Inc. shares rallied March 28, with the e-commerce giant becoming the first of megacap tech stocks to erase losses for the year.
March 28, 2022IMC Welcomes Fields as Human Resources VP
IMC Cos. hired Sabrina Fields to fill the role of vice president of people strategies and human resources. Fields previously served in human resource leadership roles at International Flavors & Fragrances, Rich Products Corp. and J.R. Simplot.
March 25, 2022Chicago Commuter Rail System Opposes Proposed CP-KCS Merger
One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.
March 25, 2022XPO Sells Intermodal Unit to STG Logistics for $710 Million
XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million.
March 25, 2022