Daily headlines and summaries of the most important news in trucking and logistics.
SOUTHERN CALIFORNIA MUDSLIDES: CLEANUP UNDERWAY IN FOREST FALLS, OAK GLEN AFTER HOMES DESTROYED San Bernardino County crews and residents began a large-scale cleanup after last week’s downpours triggered debris flows that destroyed multiple homes and blocked roads in mountain communities.…
FEDEX BEATS EXPECTATIONS AS DOMESTIC VOLUMES CLIMB; SHARES JUMP Cost cuts and stronger U.S. parcel demand offset weaker international exports, helping FedEx top Q1 estimates and spark a 5%+ stock pop. Management highlighted yield improvement and capacity reductions, even as…
FEDEX SHARES JUMP AS DOMESTIC GROWTH, COST CUTS DRIVE EARNINGS BEAT FedEx topped quarterly profit expectations on stronger U.S. parcel demand and aggressive cost cuts, lifting shares as the carrier leans on domestic volume to offset tariff-driven export softness. FEDEX…
OVERHAUL TECH HELPS RECOVER $1.4M IN STOLEN ELECTRONICS; 8 ARRESTED IN CALIFORNIA Cargo protection platform Overhaul guided police to a stolen shipment in Southern California, underscoring how tech-enabled tracking is countering increasingly sophisticated cargo theft rings affecting shippers and carriers.…
FEDEX PROFITS SEEN HIT AS U.S. ENDS DE MINIMIS TREATMENT FOR LOW‑VALUE IMPORTS Analysts expect the elimination of duty‑free treatment on most sub‑$800 parcels to weigh on FedEx’s quarterly results as processing costs and duties rise for direct‑to‑consumer shipments. The…
US TARIFF OF 15% ON JAPAN AUTO EXPORTS KICKS IN TODAY Beginning 12:01 a.m. ET on Sept. 16, the U.S. implemented a 15% tariff on Japanese autos and parts under a new pact, shifting from prior levies and potentially reshaping…
UNIFIED COMMAND MOUNTS RESPONSE AFTER 67 CONTAINERS TOPPLE AT PORT OF LONG BEACH Federal, state and local agencies formed a Unified Command to coordinate salvage and safety operations after an estimated 67 containers fell from the vessel Mississippi at Pier…