fedex

FedEx is shaking up the e-commerce space. The nationwide carrier on Tuesday announced a partnership with e-commerce software titan Salesforce to provide an end-to-end e-commerce and supply chain management solution. Shares of both companies are down following the news. The new offering, which the...

On Nov. 5, 2014, a new company announced its arrival in Australia, promising to take on the monopoly of package delivery that was the Australia Post. Sendle's founders saw e-commerce's potential and realized the volume would create inefficiencies and add cost. "Sendle estimates between 30-40...

FedEx Corp. will again attempt to whack its big customers with hefty delivery surcharges this holiday season. But the carrier is going about things a little differently than its competition. FedEx (NYSE: FDX) has set two cycles in the calendar to apply residential delivery surcharges: The first...

FedEx Ground has installed robotics solutions in its Queens, New York, facility to sort small packages that arrive in bulk for loading into containers bound for other hubs in the Ground network. The package delivery giant will add more robotics from Berkshire Grey in sortation facilities in Las...

FedEx Express, the air and international unit of FedEx Corp. (NYSE: FDX), said Friday that it has made a $100 million equity investment in Indian transport and logistics firm Delhivery, and that the FedEx unit's Indian operation will operate an integrated air-ground service with Delhivery in the...

In an increasingly competitive space, Cowen Equity Research has initiated coverage of Electric Last Mile Systems (ELMS) with an outperform rating, setting a per-share price target of $14. ELMS (NASDAQ: ELMS) closed Thursday at $9.15, down 6% from the open. The research firm said it was "impressed...

To view more FreightWaves infographics, click here. Image by Gerhard G. from Pixabay

Sitting here today after the week we’ve had, it seems hard to believe that last Friday Wall Street was on the way to its worst weekly stretch in months.  That feels like a long time ago after all the new record highs posted the last few days. The question is, which is the real market?...

Less-than-truckload carriers have quietly been using a high-demand, tight capacity environment to cull less profitable freight from their networks for months now. Most of the actions have included rate bumps and stricter enforcement of accessorials and detention fees in efforts to free themselves...

FedEx Freight (NYSE: FDX) is walking back its recent abrupt suspension of service to a portion of its customer base after ruffling feathers of key stakeholders that made known their displeasure, according to communications from the company and logistics industry executives. The measure, aimed at...

Talk about snapping right back.  Major indices rose just a bit in pre-market trading this morning, nothing too spectacular, but Monday’s surge was the best day in three months after a four-day losing stretch. Basically, stocks are back to where they were before Friday’s plunge as...

Electric Last Mile Systems (ELMS) will debut the second of its fully electric delivery vehicles at the upcoming Route Consultant Contractor Expo on July 30-31. The event is the largest FedEx Ground (NYSE: FDX) contractors event in the country and will be held in Nashville, Tennessee. ELMS will...

With “Fed week” out of the way, investors might have thought they’d get a break from monetary policy and more wild market swings in the days ahead. No dice.  An incredible 14 Fed speeches are scheduled this week following a big turnaround in a wild overnight session Monday....

FedEx Corp. (NYSE: FDX) has been testing an autonomous delivery vehicle in the Houston area since April. The vehicle, a Nuro R2 model, is delivering parcels as part of a multi-year, multiphase agreement to pilot autonomous last-mile delivery. "We have already begun testing with FedEx in Houston,...