FedEx Corp. said Tuesday it will merge its FedEx Express and Ground operations in Canada, making Canada the first FedEx country where the two operations will be fully unified. The combination will occur in phases, starting in April 2024 and finishing around the 2024 peak season, the company said. Under the structure, FedEx Express will…
Nearly three-quarters of large online retailers plan to invest in two-day parcel delivery over the next two years, a sign that e-tailers take seriously the value of speed in consumers’ online purchasing decisions, according to a survey commissioned by regional parcel carrier OnTrac. Two-day delivery is expected to be the standard for the upcoming peak…
Cloud-based transportation management software provider Rose Rocket announced Tuesday it has closed a $38 million Series B round led by Scale Venture Partners with participation from current investors Addition Capital, Shine Capital, Scale-Up Ventures, Founders Club and Y-Combinator. The company has raised $69 million since its inception in 2015. Co-founder and Chief Strategy Officer Justin…
Pilot confusion over which engine partially lost power after takeoff led to the crash of a Transair cargo jet off the coast of Hawaii in the summer of 2021, according to a final investigation report from the National Transportation Safety Board. The captain and co-pilot noticed a partial loss of thrust in the right engine…
Boeing and Airbus have used the Paris Air Show this week to highlight customer orders for new aircraft, but there is little activity on the freighter front so far. On Tuesday, Boeing announced the first cargo-related deal with African carrier Air Algérie, although it involves aftermarket conversion of passenger aircraft and not production of new…