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...The letter, seen by the Financial Times and first reported by Reuters, was signed by the largest US carriers as well as the air freight arms of two of the biggest logistics groups, UPS and FedEx....
...FedEx said it would make changes allowing it to double the volume of cargo moving out of ports at night....
...The looming jump in the numbers of doses being shipped and administered is likely to put pressure on freight carriers, health departments and hospitals....
...US president Joe Biden has persuaded Walmart, UPS and FedEx to extend their working hours to ease the country’s supply chain woes....
...FedEx, another US carrier, is also moving to electrify. But Roxo, the courier’s under-development delivery robot, is not yet welcome everywhere....
...UPS and its rival FedEx face growing competition from Amazon, as the ecommerce giant has sought to expand its shipping operations on the ground and in the air in an effort to cut freight costs and speed...
...However, UPS and its rival FedEx face growing competition from Amazon’s freight delivery service....
...Amazon Air took the wind out of United Parcel Service and FedEx shares on Tuesday, as Morgan Stanley warned that investors have yet to fully account for growing competition from the ecommerce giant’s freight...
...Shares of FedEx, which has the biggest weighting in the index, have lost more than 17 per cent since the start of the month, in part due to concerns about Amazon Air, the ecommerce giant’s in-house freight...
...Lyft has hired the IPO adviser Class V, which was founded by Lise Buyer, one of the key architects of Google’s 2004 Dutch auction. But Uber will not be far behind....
...In June companies including Daimler, FedEx and Uber launched a lobbying group, the Partnership for Transportation Innovation and Opportunity, to address AVs and jobs....
...Some in the trucking industry, such as FedEx Freight chief Michael Ducker, have warned that regulatory and social considerations are lagging behind the technology, which he told the FT in April is “coming...
...Coyote arranges customers’ freight shipments on available trucks....
...While pitting itself in direct competition with the likes of FedEx and UPS, Amazon will also aim to facilitate a route to the international marketplace for smaller manufacturers ahead of Alibaba, the leading...
...The agreement raises the question of how Amazon’s move will affect other logistics providers such as FedEx and UPS, which have generally avoided commenting on Amazon’s moves towards handling its own goods...
...In the supply chain and freight logistics business, operating profits excluding the accounting charges were up 11 per cent at $199m, on revenues up 6 per cent at $2.61bn....
...for freight....
...FedEx already has plenty of capacity in air freight, while TNT Express has top share in European road haulage....
...But delays to sea freight had hurt parts of the logistics business....
...Operating income at FedEx Freight grew to $68m, from $35m last time, on revenue up 6 per cent to $1.43bn....
...air freight....
...For FedEx Freight, the freight forwarder, operating income rose from $4m to $29m, on revenues up 9 per cent to $1.35bn....
...Operating profits for supply chain and freight rose 3.5 per cent to $148m, on revenue down 1 per cent to $2.16bn. The shares were down 19 cents at noon in New York, at $99.05....
...Operating income at FedEx freight grew 1 per cent to $77m, on revenue up 4 per cent to $1.43bn....
...Supply chain and freight operating profits grew 6.9 per cent to $201m, on revenue down 0.7 per cent to $2.25bn. The shares rose 1.2 per cent to close at $95.61....
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