Another strong earnings performance by FedEx was reported by the Memphis-based transportation and logistics titan late yesterday. Fiscal second quarter net income at $16.5 billion was up 9%, and earnings per share at $3.72, which topped Wall Street expectations of $3.11 per share. Quarterly operating income of $1.11 billion was up around 1%. FedEx said…Details
INTTRA, a neutral electronic transaction platform, software and information provider serving the ocean cargo community, announced today that it has added Korea’s Namsung Shipping Co. Ltd. as part of its wide-ranging strategy.
Earlier this week, UPS heralded the most recent additions to its Marketplace Shipping offering, which it described as a technology solution that enables merchants to view, process, and ship orders from various e-commerce marketplaces and online stores through a single online interface. UPS introduced marketplace shipping four years ago to provide customers with a simple…Details
If someone asked you point blank: “what is the biggest issue in freight transportation today?” there is a better than good chance that the truck driver shortage would be at the top of the list. Why wouldn’t it be either? It is a topic of daily discussion at every industry trade show and conference, while…Details
The average price per gallon was down 0.04 cents to $2.972, with the average price per gallon falling a cumulative 11.4 cents going back to the week of February 5, when it was at $3.086.
Entitled Parcel Metro, DHL said that this offering essentially provides what it called a virtual delivery network of local and regional delivery vendors and crowd-sourced drivers and vehicles to ensure last-mile flexibility and capacity.
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index dipped 2.6% to 109.2 (2015=100) from January’s 112.1, which was up 1.6% compared to December (and downwardly revised from an initial reading of 2.0%).
Global freight indexes provided by the online freight marketplace Freightos are now available on Thomson Reuters flagship financial desktop product Eikon.
BTS said all five major transportation modes– truck, rail, pipeline, vessel and air –moved more U.S. freight with Canada and Mexico by value in 2017 compared to 2016. And it added that total value of cross-border freight carried on all modes rose 6.6 percent from 2016 to $1.2 trillion in current dollars.
FedEx has rolled out a new returns management offering that provides high-volume merchants and e-tailers with the “ability to quickly and easily improve their customer experience.” Fedex Return management, Reverse Logistics 3PL