Around half of all last-mile related costs are expended in the last few hundred feet because of challenges in finding the exact delivery location and, worse, deliveries fail altogether because the person making the delivery cannot find the exact right location.

The delivery giant’s shares fell on Sept. 16 in the biggest one-day percentage drop since FedEx went public in 1978. 

The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance.

The recently enacted Ocean Shipping Reform Act of 2022 gave the U.S. Federal Maritime Commission stronger oversight of how ocean carriers and marine terminals treat shippers. Now, FMC is being called on to wield some of that power.

The transaction was approved by USA Truck’s stockholders at a special meeting of stockholders held on Sept. 12. 

A significant industry challenge revolves around answering the question of how to efficiently move the transportation industry toward a carbon-free future.

The port said the infrastructure investment, along with funds from the Jobs Act, will support rail-roadway separation to improve truck access and speed cargo flow through the area.

A rising Consumer Price Index directly correlates to the cost of financing equipment, but it can also have a significant ripple effect on other cost centers, such as maintenance and repair.

Join Redwood Logistics and SupplyChainBrain to discover how to develop a sustainable strategy, calculate and offset freight emissions, and actually neutralize your supply chain carbon footprint.

Consumer-electronics retailer Best Buy added to the mounting signs of ample capacity and receding freight rates, with a note that transportation markets are “stabilizing and moderating” heading into the fall peak season.