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FedEx Corp. plans to significantly slash daily flights and the number of U.S. cities served by air during the daytime when its air cargo contract with the U.S. Postal Service expires on Sept. 29, resulting in significant pay cuts for pilots, senior managers informed crews this week. Shedding daytime flying capacity in response to the…
TFI International saw an increase in operating income, it reported in its second-quarter results after market close Thursday. The increase is due to acquisitions, offsetting weaker market conditions. This suggests that the company’s acquisition strategy is successful in expanding its business and generating revenue. Despite the positive contributions from acquisitions, TFI International also faced weaker…
By Bart De Muynck The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The opening ceremony for the Summer Olympics in Paris takes place Friday. Thousands of athletes and millions of visitors will spend part of their summer in France to attend…
Uber and Lyft drivers in California will continue to be protected from the state’s AB5 independent contractor classification law following a decision by the state’s Supreme Court. The ruling possibly ends a legal battle that has gone on almost since November 2020 when California voters approved Proposition 22, creating the gig drivers’ exemption. In a…