Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
Non-FedEx shippers may find it challenging to secure services if a strike occurs at UPS, warns a Shipware LLC consultant.
In the event of a potential Teamsters strike at UPS Inc., shippers without existing relationships with FedEx Corp. may struggle to arrange shipments. FedEx plans to prioritize UPS accounts that also deal with FedEx. This is because FedEx already services these dual-account locations, says Adi Karamcheti, senior consultant at Shipware LLC. On-demand pickups may be affected, possibly leading to congestion at drop-off points. FedEx is also seeking three-year contracts with penalties for early termination. While negotiations between UPS and the Teamsters are set to resume, the current contract expires on July 31, threatening potential disruption to shipping services.
Source: FreightWaves
FedEx just appointed its new CFO, John Dietrich.
— Noor Chopra (@noorg420) July 18, 2023
He's the former CEO of Atlas Air Worldwide Holdings taking shares from below $20 to $102 when it was sold in 2023.
Investors are happy with the move and shares are already moving up.
Labor unrest at UPS could be a factor also. pic.twitter.com/llz4fYVE7e
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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