Dallas (AP) - UPS was caught off-guard by the crush of online shopping leading up to Christmas and plans to spend a chunk of its tax-cut savings to invest in its package-delivery network. The company said Thursday that it plans between $6.5 billion and $7 billion of capital spending this year
Logistics
FedEx to give wage increases, bonuses to workers
Memphis, Tenn. (AP) - FedEx says it’ll be giving wage increases, bonuses and make a voluntary $1.5 billion contribution to the company’s pension plan, citing recent tax reform legislation. The package delivery company follows others doing the same, including Home Depot, Disney, Starbucks and Walmart. Imagine your Ad placed here FedEx Corp. said Friday that it’ll
Bolloré extends network to Scandinavia with purchase of Danish forwarder
In a bid to broaden its network into the Scandinavian territory, French forwarder Bolloré Logistics purchased a majority stake in the Danish freight forwarder Global Solutions A/S. This acquisition, the company said, is part of its strategy of “development through external growth.” Bolloré, which has a presence in Norway, will now operate out
British forwarders demand infrastructure investment following NIC report
Heathrow airport cargo terminal Shortly after a report was released Friday in the United Kingdom, criticizing the slow pace on infrastructure development across the country, the British International Freight Association (BIFA), representing U.K.-based freight forwarders, echoed similar admonishments to Parliament regarding the continuing delays in the third-runway project for Heathrow Airport. In the
Final 2017 results show healthy growth, yields for airfreight industry
The double-digit growth recorded through most of 2017 added up to the strongest growth over a calendar year since 2010, IATA reported today, as freight tonne kilometers across the airfreight industry rose by 9 percent for the year, compared to 2016. Last year saw improvement in world trade conditions generally while
Airfreight rates still strong in lead up to Chinese New Year, says Freightos
Airfreight rates from China rose modestly last week, with increases in Chinese export demand ahead of the upcoming shutdown in a little over two weeks for the Chinese New Year. However, freight rates are currently well under levels seen in December, when heavy seasonal demand combined with bad weather to push shipments
Thousands of U.S. bridges over troubled water
The George Washington Bridge by Benjamin Lampkin. May 25, 2016 – known informally as the GW Bridge, the GWB, the GW, or the George – is a double-decked suspension bridge spanning the Hudson River between the Washington Heights neighborhood of Manhattan in New York City and Fort Lee, New Jersey. The George Washington
FedEx to make investments in Indianapolis hub expansion, wage increases
Indianapolis International Airport is the second largest domestic sorting facility for FedEx, with an of more than 10 million deliveries worldwide. FedEx announced plans to invest about US$1.5 billion into expanding its FedEx Express Indianapolis hub over the next seven years, creating a modernized and enlarged “SuperHub,” as well as accelerate
The future of driving is here
FedEx advocates for NAFTA reform to facilitate cross-border e-commerce
With representatives from Mexico, Canada, and the United States currently meeting in Montreal for the sixth round of negotiations on the North American Free Trade Agreement (NAFTA) reforms, major differences remain, and the March deadline is approaching fast. With its sprawling transnational network predicated on free trade, FedEx is following