Puget Sound Business Journal--Amazon.com recently disclosed that it had settled a mysterious investigation by the U.S. Postal Service for a "nominal amount." Amazon never revealed what the investigation... View More
UPS (NYSE: UPS) has executed a commercial paper transaction denominated in the offshore Renminbi currency, creating a new financial vehicle to fund growth projects in China. The issuance last Friday, known... View More
ELK GROVE VILLAGE, Ill. (June 19, 2012) – Wynright Corporation, a leading independent, U.S.-based provider of intelligent material handling systems, today announced it has made upgrades to WarehouseEquipmentStore.com,... View More
Business and government leaders in Canada are working together to boost international trade and "getting it right," driving economic growth in a manner that every country should emulate, a top UPS executive... View More
Reuters--FedEx Corp is stepping up cost-cutting measures to beef up profit as sluggish global economic growth curbs shipping volumes and increases customer demand for lower-priced delivery options. Shares... View More
MEMPHIS, Tenn., June 19, 2012 ... FedEx Corp. (NYSE: FDX) today reported earnings of $1.73 per diluted share for the fourth quarter ended May 31, which includes a previously announced $0.26 per diluted... View More
Multichannel Merchant--It hasn’t been a good week for independent parcel consolidators. Three days ago Streamlite ceased its operations after nearly seven years and now EquaShip, which was scheduled... View More
The Street: FedEx -- like its compatriot United Parcel Service -- is no longer a straight-up economic indicator. For one, FedEx is benefiting from a sizeable move to online shopping. This results in a... View More
MEMPHIS, Tenn.--Seventy five years ago, Amelia Earhart’s disappearance became one of the greatest mysteries in aviation history. This summer, FedEx Corp. (NYSE: FDX) is supporting the search for... View More
Stifel, Nicolaus & Company--Parcel consolidator, Streamlite, Inc., has shut down operations, which is a net positive for both FedEx (FDX: $86.84; Buy) and UPS (UPS: $77.37; Hold), but more so for FedEx,... View More
DHL Global Forwarding, Freight, the air and sea freight specialist within Deutsche Post DHL and a leading provider of road freight services in Europe, has launched an intercontinental door-to-door distribution... View More
MEMPHIS, Tenn.--FedEx Corp. (NYSE:FDX) announced today that its FedEx Express business unit has completed the acquisition of the Polish courier company Opek Sp. z o.o. (Opek) as the latest step in the... View More
IBtimes.com--Here's a window into how far the bad guys will go to steal retail inventory: Last week in California, 1,600 pounds of premium dog food, a $10,000 cargo on its way to feed needy strays at a... View More
AINonline.com--Continued weakness in cargo markets and stubbornly high fuel prices have convinced FedEx to retire 18 Airbus A310-200s and 26 related engines permanently, along with six Boeing MD-10-10s... View More
LIMA, Pa., Jun 11, 2012 (BUSINESS WIRE) -- Pilot Freight Services, a worldwide provider of transportation and logistics services, announced today that their Washington D.C. station has achieved full international... View More
June 11, 2012 - FedEx Ground was pleased to welcome U.S. Senator Kay R. Hagan to its newest hub in Greensboro, N.C. The Senator toured the facility, learning about the state-of-art technology that enables... View More
UPS (NYSE: UPS) has appointed Brendan Canavan, a 31-year UPS veteran, as its new president of the UPS Asia Pacific Region with responsibility for more than 40 countries and territories throughout Asia.... View More
ATHENS, Greece, June 11, 2012 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has... View More
Baltimore, Md. – June 11, 2012 – NDX Group, an overnight shipping and records management solutions provider, today introduced Next Day Sunrise early morning delivery service. Offered by NDX... View More
MEMPHIS, Tenn. -- FedEx Freight, a subsidiary of FedEx Corp. (NYSE: FDX), will increase shipping rates by 6.9% effective July 9, 2012. This rate change applies to FedEx Freight shipments within the contiguous... View More
