FedEx Corp. reported that profits rose 3.7% on a year-over-year basis in its fiscal third quarter after a holiday season that Chairman and CEO Fred Smith called “outstanding,” although results fell short of the consensus forecast from industry analysts.
Category: News
FedEx Profits Up 3.7% But Miss Earnings Forecast
FedEx Corp. reported that profits rose 3.7% on a year-over-year basis in its fiscal third quarter after a holiday season that Chairman and CEO Fred Smith called “outstanding,” although results fell short of the consensus forecast from industry analysts.
FedEx Profits Up 3.7% but Miss Earnings Forecast
FedEx Corp. reported that profits rose 3.7% on a year-over-year basis in its fiscal third quarter after a holiday season that Chairman and CEO Fred Smith called “outstanding,” although results fell short of the consensus forecast from industry analysts.
LTLs Offer Storage to Speed Up E-Commerce Deliveries
Less-than-truckload companies hoping to capitalize on e-commerce are offering shippers short-term storage in terminals and shifting more business from Class 8 trucks to Class 5 and Class 6 straight trucks, according to industry executives.
LTLs Offer Storage to Speed Up E-Commerce Deliveries
Less-than-truckload companies hoping to capitalize on e-commerce are offering shippers short-term storage in terminals and shifting more business from Class 8 trucks to Class 5 and Class 6 straight trucks, according to industry executives.
ATA: tonnage slipped in February
However, 2017 is still looking like “a better year” for the industry, according to one analyst.
The American Trucking Associations (ATA) said its for-hire truck tonnage index slipped 0.1% in February following a 2.9% increase in January, with the index down 2.8% on a year-over-year basis when compared to February 2016.
However, year-to-date when compared with the same two months in 2016, the index is only off 0.1%, noted Bob Costello, ATA’s chief economist, in a statement.
ATA: tonnage slipped in February
However, 2017 is still looking like “a better year” for the industry, according to one analyst.
The American Trucking Associations (ATA) said its for-hire truck tonnage index slipped 0.1% in February following a 2.9% increase in January, with the index down 2.8% on a year-over-year basis when compared to February 2016.
However, year-to-date when compared with the same two months in 2016, the index is only off 0.1%, noted Bob Costello, ATA’s chief economist, in a statement.
Truck Tonnages Drops in February
The February truck tonnage index fell 2.8% on a year-over-year basis, but American Trucking Associations chief economist said freight activity was still strong and fell short because of the record-setting February 2016 comparison.
Truck Tonnages Drops in February
The February truck tonnage index fell 2.8% on a year-over-year basis, but American Trucking Associations chief economist said freight activity was still strong and fell short because of the record-setting February 2016 comparison.
New U.S. Xpress CEO Cites Tech as Critical to Survival in Next Decade
The trucking industry is rapidly changing with new technology offering an opportunity to improve bottom-line results, changes that new U.S. Xpress Enterprises CEO Eric Fuller told Transport Topics will make or break companies over the next decade or so.