Billions of dollars in tariffs are heading back to importers. And some of America's biggest companies are making clear they won't be keeping the money. Costco Wholesale and United Parcel Service are among the companies that have stepped forward with direct commitments to pass tariff refunds on to ...
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
As part of the project, the logistics giant is offering one-to-three day service options for manufacturers amid nearshoring and tariff-driven supply chain shifts.
UBS is sticking with a Buy rating on FedEx Corp (NYSE:FDX, XETRA:FDX) and a price target of $445, as the company gets ready to spin off its freight business into a standalone stock next week. The freight unit, set to trade under the ticker FDXF, enters when-issued trading on May 27, with...
By Matthias Inverardi DUESSELDORF, May 22 (Reuters) - Some of the world's biggest shipping companies - DHL, FedEx and UPS - on Friday called on EU finance ministers to implement a phased approach to
A UPS plane crash that killed 15 people last year might have been prevented if an original inspection schedule hadn't been relaxed, but mechanics didn't get a close look at the parts that should have kept an engine from flying off its wing because federal regulators allowed Boeing to recommend checking them less frequently, according to testimony Wednesday. The National Transportation Safety Board's questions also drew out that Boeing relied on older data when it asked to extend the inspection schedule in 2015, and didn't seem to account for seven instances on other planes of the same model when the key engine mount parts were failing. The Federal Aviation Administration, for its part, approved the request after a month's review without seeking more information.
The agency plans to round up any fraction of an inch for several of its services, part of a wave of changes set to impact package shippers on July 12.
Raj Subramaniam downplays fears around logistics expansion push
FEATURE Amazon com was disrupting things again on Tuesday. The online retail giant announced 30-minute rapid deliveries on “thousands of groceries and essentials.” The service is now in Atlanta, Dallas–Fort Worth, Philadelphia, and Seattle, “with rapid expansion underway in dozens more U.
Bank of America has added FedEx (NYSE:FDX) to its “US 1 List,” a collection of its best investment ideas. The move, announced May 11, is a high-conviction symbolic signal even without a fresh price target attached. For long-term investors, the inclusion reframes FedEx stock as one of Wall Street’s preferred industrial transformation plays heading into ... BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List
The changes impact various import and export shipments, including packages traveling to and from the U.S., adding to cost pressures for parcel shippers.
For logistic companies, or for logistics investors, it is time to stay calm and carry on. Monday, Amazon com sent a shock wave through the market by announcing Amazon Supply Chain Services, or ASCS, essentially opening up to outside customers the logistics network it built to support its retail business.