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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.
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.
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.
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.
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.
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.
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.
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.
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.
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