FedEx Rides E-Commerce to $21.5 Billion Third Quarter
The continued yearlong surge in e-commerce brought on by the COVID-19 pandemic sent FedEx’s year-over-year fiscal third-quarter net revenue up 23% to $21.5 billion, compared with $17.4 billion in the same period in 2020.
March 18, 2021IMC Cos. Acquires Empire Truck Lines
IMC Cos. announced it acquired Empire Truck Lines, a container drayage company, effective March 12.
March 16, 2021Trucking Industry Making Strides Toward Electrification
Original equipment manufacturers, shippers and environmental activist groups are aligning behind the promised benefits of zero-emission trucks, and are encouraging the trucking industry to accelerate adoption of vehicles powered by alternatives to diesel.
March 11, 2021Penske Agrees to Acquire Kansas City Freightliner
Penske Automotive Group Inc. announced it entered into an agreement to acquire Kansas City Freightliner, a retailer of medium- and heavy-duty commercial trucks.
March 5, 2021FedEx Sets Plan for Carbon-Neutral Operations by 2040
FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.
March 3, 2021Class 8 Orders Surge 212% to 43,800
North American Class 8 orders hit 43,800 in February, up 212% compared with a year earlier, ACT Research reported, citing truck makers’ preliminary data.
March 3, 2021UPS Ships Out First Batch of Johnson & Johnson Vaccine
UPS Inc. began shipping out its first batch of Johnson & Johnson vaccines March 2, now that the single-dose vaccine for the coronavirus has emergency use authorization.
March 2, 2021UPS Expects 40% Jump in Vaccine Doses Next Week, Peak in May
UPS Inc. and FedEx Corp. are ramping up vaccine distribution, with plans for additional gains if Johnson & Johnson’s inoculation is cleared by U.S. regulators.
February 25, 2021January Sales Indicate Used Truck Market Is Poised to Grow
The average used Class 8 vehicle in January had higher mileage and sold for a little less than a year earlier, ACT Research reported, calling it an inkling of all the freight there was to haul in the second half of 2020.
February 25, 2021Extreme Winter Weather Causes Vaccine Shipping Delays
WASHINGTON — Extreme winter weather has dealt the first major setback to the Biden administration’s planned swift rollout of coronavirus vaccines, delaying shipment of three days’ worth of shots, or about 6 million doses.
February 19, 2021