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Business, Top 100

Roadrunner Reports Net Loss in Fourth Quarter

Roadrunner Transportation Systems Inc. reported a net loss in the fourth quarter and sharply lower revenue amid challenging market conditions.

Roger Gilroy | Senior Reporter
March 28, 2020
Business, Top 50, Top 100, TCA

FedEx Ground to Close Pennsylvania Facility, Cutting 186 Jobs

FedEx Ground will be shutting down its package delivery facility in Clinton, Pa., on May 16, eliminating 186 jobs.

Patricia Sabatini | Pittsburgh Post-Gazette
March 27, 2020
Government, Business, Logistics, Top 50, Top 100

Showers of Praise Greet Busy Truckers

As truck drivers crisscross the country hauling goods vital to the fight against the coronavirus, they find themselves at the center of another fast-spreading outbreak: nationwide gratitude. It’s showing up along the roads, on TV, in emails and social media, and even at the White House.

Roger Gilroy | Senior Reporter
March 26, 2020
Business, Safety, Logistics, Top 100

UPS, Teamsters Agree on Sick Leave as Coronavirus Spreads

UPS Inc. said it is taking steps to protect its employees from contracting the COVID-19 virus and that it reached an agreement with the International Brotherhood of Teamsters concerning paid-leave guidelines for unionized workers who are affected by it.

Dan Ronan | Senior Reporter
March 23, 2020
Government, Business, Safety, Logistics, Top 100

FedEx’s Fred Smith: It’s Unlikely Company Will Need Federal Help

FedEx Corp. CEO Fred Smith said during a television appearance that he doesn’t expect his company to seek assistance from the federal government to survive the economic downturn being caused by the spread of COVID-19.

Dan Ronan | Senior Reporter
March 22, 2020
Business, Safety, Top 100

Walmart Plans 150,000 New Hires, Virus Testing Sites

Walmart Inc. is hiring 150,000 temporary workers and readying its parking lots for coronavirus tests as the world’s largest retailer girds itself to deal with the unprecedented challenges of the fast-spreading outbreak.

Matthew Boyle | Bloomberg News
March 21, 2020
Business, Top 50, Top 100

XPO Backs Away From Possible Sale, Spinoffs of Units

XPO Logistics Inc. said the current economic environment has compelled it to step back from earlier plans to explore the sale or spinoff of some of its assets.

Roger Gilroy | Senior Reporter
March 20, 2020
Government, Business, Top 100

FedEx Reports Mixed Earnings; Leadership Cites Impact of Coronavirus

FedEx announced March 17 that year-over-year quarterly net income for its fiscal third quarter fell 57% to $315 million, compared with $739 million in the same period a year ago. But Q3 revenue rose 3% to $17.5 billion from $17 billion a year ago.

Dan Ronan | Senior Reporter
March 17, 2020
Business, Logistics, Top 100

CRST Buys New Jersey-Based Final-Mile Logistics Company NAL Group

CRST International on March 2 announced it had acquired final-mile specialist NAL Group. Financial terms of the agreement were not made public.

Dan Ronan | Senior Reporter
March 3, 2020
Business, Technology, Fuel, Top 100

FedEx to Add 42 Electric Charging Stations in California

FedEx Corp. plans to electrify 42 FedEx stations in California, in the next phase of its electric vehicle rollout — calling it one of the largest deployments of integrated charging infrastructure by a single commercial fleet to date.

February 28, 2020