CMA CGM nears $1.4 Billion deal for FedEx Supply Chain
CMA CGM is reportedly nearing a $1.4 billion acquisition of FedEx Supply Chain, a move that would significantly expand the French company’s U.S. contract logistics business while continuing FedEx’s effort to streamline its operations. According to the Financial Times, the companies are in advanced negotiations and could announce an agreement as soon as Wednesday. Expanding […]
National diesel average declines for eighth consecutive week, reports EIA
The national average price per gallon of diesel gasoline fell for the eighth consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA). The national average price per gallon, for the week of June 29, fell 16.4 cents, coming in at $4.668 per gallon, following a 22.7-cent decline, to […]
Only 13% of freight forwarders and customs brokers rate their decision-making as excellent
A new report from Magaya and Adelante SCM suggests that many freight forwarders and customs brokers are investing in technology but still have room to improve in decision-making, digital integration, and the adoption of artificial intelligence. The report, “The New Strategic Logistics Service Provider: What Winning Freight Forwarding and Customs Brokerage Leaders are Doing Differently,” is based on a survey of 125 freight forwarders and customs brokers, as […]
U.S. rail carload and intermodal volumes see annual gains, for week ending June 20, reports AAR
United States rail carload and intermodal volumes, for the week ending June 20, saw annual gains, according to data issued this week by the Association of American Railroads (AAR). Rail carloads, at 233,259, increased 1.6% annually, topping the weeks ending June 13 and June 6, at 230,959, and 228,076, respectively. AAR reported that seven of […]
Orchestrating the Modern Warehouse: Flexible automation, AI and the rise of connected systems
Date/Time Thursday, July 16, 2026 2:00PM Moderator Michael Levans Group Editorial Director, Supply Chain Group, Peerless Media Panelists Suneel Krishnaswamy, Chief Technology Officer, enVista; George Borza, Customer Success Advisor, Oracle NetSuite; James Malley, Co-founder and CEO, Paccurate and Hamid Montazeri, Sr. Vice President, Software & A.I., Locus Robotics As warehouse automation evolves beyond point solutions, […]
FedEx posts solid fiscal fourth quarter and full-year fiscal 2026 earnings results
Memphis-based freight transportation and logistics services provider FedEx turned in solid fiscal fourth quarter earnings announced late yesterday. Quarterly revenue, at $25.0 billion, increased 13% annually, and operating income, at $1.551 billion, fell 13% annually. Adjusted earnings per share, at $6.31, beat Wall Street estimates, at $5.96. “Team FedEx delivered an impressive finish to a […]
Truck tonnage sees May decline, reports ATA
Truck tonnage dipped in May, according to data issued today by the American Trucking Associations (ATA). ATA reported that its May Seasonally Adjusted (SA) For-Hire Truck Tonnage Index reading, at 114.4 (2015=100), saw a 0.6% annual increase, following a 2.5% annual increase in April. On a sequential basis, it fell 2%, following a 0.9% sequential […]
UPS expands healthcare logistics footprint with 27 temperature-controlled cross-dock facilities worldwide
Taking steps to expand its healthcare logistics presence, Atlanta-based global freight transportation and logistics services provider UPS said this week that it has invested $48 million into 27 temperature-controlled global freight cross-dock facilities, located in what it called “key U.S. and international markets,” including Europe, Asia, and the Americas. The company explained that these facilities […]
May freight shipments and expenditures see mixed annual results, notes Cass Freight Index
May freight shipments and expenditures saw annual declines and sequential gains, according to the new edition of the Cass Freight Index, which was recently issued by Cass Information Systems. Many freight transportation and logistics executives and analysts consider the Cass Freight Index to be the most accurate barometer of freight volumes and market conditions, with […]
UPS rolls out new AI tools for tracking, returns and customer services
UPS is rolling out a series of new AI-powered tools to improve package visibility, customer service, returns processing, and international shipping as the company continues to modernize its global logistics operations. The company said it has spent more than three years deploying artificial intelligence across its business and is now expanding those efforts to support customers and simplify cross-border shipping. “After 118 years of reinventing logistics, we […]