FedEx Freight ‘hunting’ for new, high-margin freight amid volume decline
The largest US LTL carrier said it will aggressively pursue business outside LTL’s traditional industrial base, leveraging its national network and service to grow.
The largest US LTL carrier said it will aggressively pursue business outside LTL’s traditional industrial base, leveraging its national network and service to grow.
The fee, which sources say is $300 per container, applies only after a shipper exceeds its contractual weekly allotment and is reset every week, so there are ways to avoid the charge with careful planning.
The UP routing was initially noticed by freight forwarders and drayage providers in the Chicago area who are increasingly going to UP’s Global IV terminal in Joliet instead of BNSF’s Logistics Park Chicago to retrieve Maersk containers.
The workwear retailer reported a 25% year-over-year decline in inventory levels due to rightsizing buys, clearing excess stock and optimizing receipt scheduling.
The VSA shakeup follows the French carrier implementing Suez Canal transits for its Epic service sailings, a switchover Cosco continues to remain wary of, sources say, amid the persistent volatile operational environment.
The LTL carrier has its sights set on gaining market share in the healthcare, grocery and technology markets as an independent company.
Customers have ways to mitigate cost pressures that may stem from dimensional reporting tweaks and sub-pound rate changes starting July 12.
Just three days after vessels began exiting the Strait of Hormuz, the International Maritime Organization has paused the initiative and is demanding further clarity from the US and Iran over safety guarantees.
The Folgers coffee maker introduced temporary price reductions due to the lower input costs, but stopped short of permanent cuts.
S&P Global flagged “an ongoing bifurcation of the economy, with sluggish service sector growth contrasting with an increasingly solid manufacturing expansion.”