FedEx Freight shipments drop but fuel, rates boost revenue
The largest US less-than-truckload carrier said shipments decreased 1.4% year over year for the four months through September, but it expects to gain business in new verticals.
The largest US less-than-truckload carrier said shipments decreased 1.4% year over year for the four months through September, but it expects to gain business in new verticals.
The Pacific Maritime Association said talks with ILWU Local 26 will continue with assistance from the Federal Mediation and Conciliation Service.
There are quite distinct tiers within the top 10 container carriers, and it’s not easy — without huge investment or further consolidation — to move between them, writes Jeremy Masters.
The incentive program will run through fiscal 2039-40 and is meant to neutralize China’s inherent competitive advantages as a container production hub, industry sources say.
That comes as the carrier posted strong third-quarter revenue gains on the trans-Pacific, Asia-Europe, and intra-Asia trades, buoyed by higher freight rates.
The agency said the projects will add production capacity to drive prices lower and reduce the nation’s reliance on nutrients from other countries.
The carrier expects 6 million packages a day will benefit from the offering in 2027, increasing shipper visibility in the process, CEO Carol Tomé said.
The retailer expects to break ground on the more than 744,000-square-foot facility in Cibolo this February.
Air Liquide and Linde, major project cargo shippers, said despite measured improvements in supply, the global helium market faces ongoing pressure and uncertainty stemming from the war in the Middle East.
The change comes as Schneider is now publicly supporting the $85 billion UP-NS merger after previously taking no position on the deal.