How do you define a “good” driver? For many carriers, that definition begins and ends with those who deliver as much freight as possible on time. After all, this is how carriers generate revenue. Robert Kaferle, vice president of safety at Reliance Partners, a trucking insurance agency and provider of safety consulting, urges fleet owners…
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FedEx will reduce flight hours by more than 10% and park more aircraft this quarter because of continued low demand for parcel and freight shipping, executives said Thursday. An 8% cut in aircraft utilization, sidelining nine cargo jets and downsizing to smaller aircraft on certain routes helped the integrated express logistics provider generate $1.2 billion…
Global trade in diesel and other refined petroleum products is evolving exactly as predicted. European Union and G-7 sanctions targeting Russian exports are forcing product tankers to sail longer voyages and sucking more ships into the “shadow fleet,” reducing effective transport supply in Western trades. What comes next for already tight transport supply is also…
FedEx Corp.’s fiscal third-quarter 2023 results late Thursday came in better than expected on the bottom line but not so great on the top or bottom, as expected, at its air and international unit, FedEx Express. Total revenue of $22.1 billion was 6% below the same period a year ago, as the company continues to…