Supply chain visibility solutions provider Vizion on Wednesday launched its latest feature, Intermodal Rail Tracking, a supportive tool for the company’s fundamental container tracking product. With the aim of providing full supply chain transparency, often overlooked is the movement of containers from vessels to their inland destinations. The new feature will give shippers and logistics…
The Teamsters and UPS Inc. came to terms on all noneconomic issues during national contract negotiations on Tuesday, the union said. “We have reached tentative agreement on well over 40 noneconomic issues that affect all our members at UPS, and we did it as a team. The Teamsters haven’t sacrificed a single concession in these…
FedEx Corp. (NYSE: FDX) late Tuesday posted fiscal 2023 fourth-quarter revenue of $21.9 billion, down from $24.4 billion in the year-earlier period. Adjusted diluted earnings per share came in at $4.94, down from $6.87 a share and above a $4.89-a-share estimate from Yahoo Finance. Net income of $1.25 billion was down from $1.8 billion in…
The biggest food brands have cooled it on price inflation. That’s good news for consumers — and trucking companies. Two freight brokers told FreightWaves that truckers have had to reorganize their routes to grocers in the past year due to reduced volumes, though they haven’t experienced the fallout of business that other firms have grappled…
As the benchmark diesel price used for most fuel surcharges moved higher this week after eight consecutive declines, the bearish case for further declines in overall prices continues to sign on more followers. The Department of Energy/Energy Information Administration weekly average retail diesel price, delayed a day due to the Juneteenth holiday, rose 2.1 cents…