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…
The latest update to a multiyear study commissioned by 10 major trucking companies concludes that urinalysis is missing 90% of habitual drug use among truck drivers. The Trucking Alliance-backed study is based on drug test results of nearly 1 million drivers between 2017 and 2022. Testing for drugs using hair samples detected 25 times more…
The reopening of Interstate 95 north of Philadelphia received an updated reopening date late Tuesday afternoon: this coming weekend. In a tweet, Gov. Josh Shapiro declared that “based on the tremendous progress these crews made over the weekend, I can now say: We will have I-95 back open this weekend.” The Tuesday tweet from Gov….