FedEx Corp. has announced that it is raising shipping rates beginning Jan. 1, 2018, with the shipping company saying that FedEx Freight, Express, Ground and Home Delivery shipping rates in the U.S. will increase by an average of 4.9%, among other rates. By Jeff Berman
Transportation and logistics bellwether FedEx yesterday announced rate increases for various business lines, including FedEx Express, FedEx Ground, and FedEx ...
With the new SOLAS Regulation that came into effect in July 2016, there has been a lot of discussion about what the new ruling entails, and what it will mean for the industry. By SEKO Logistics
There has also been a lot of confusion, particularly regarding who is responsible for implementing the changes and enforcing the ruling. To help clear things up, here are the key facts you need to know.
The long-awaited expansion of the Panama Canal, which was roughly ten years in the making, became a reality yesterday, with the expanded Canal holding an inauguration yesterday in Panama City, Panama to herald the next chapter in its history.
By Jeff Berman, Group News Editor ·June 27, 2016
The long-awaited expansion of the Panama Canal, which was roughly ten years in the making, became a reality yesterday, with the expanded Canal holding an inauguration yesterday in Panama City, Panama to herald the ...Continue Reading → Share
FedEx Ground Package System Inc has agreed to pay drivers in 20 states $240 million to settle lawsuits claiming the second-largest U.S. parcel delivery company misclassified them as independent contractors, it said on Thursday. By Daniel Wiessner
The settlement, if approved, would be divided among 12,000 drivers, some of whom would receive tens of thousands of dollars,Beth Ross, lead lawyer for the plaintiffs, said in an email.
Until 2011, ...
In its first quarter earnings announcement today, UPS reported strong annual gains that it said were paced by its U.S. Domestic and International small package groups.
Quarterly revenue was up 3.2 percent annually at $14.4 billion, with earnings per share up 13 percent at $1.27 for the fifth straight month of UPS growth (ahead of Wall Street expectations of $1.22 per share), as well as setting a new record for the first quarter.
Even though revenue was up annually, the company said ...Continue Reading → Share