FedEx Corp. retracted its financial guidance for the rest of its fiscal year late Thursday, barely a week before publishing its fiscal 2023 first-quarter results, and adjusted its first-quarter earnings per share results to come in well below analysts' average projections. According to the firm, adjusted earnings per share will...
Berger Logistik of Austria buys from an Idaho-based carrier.
Berger Logistik, Austrian transportation and logistics service has announced the acquisition of Idaho-based carrier Super T Transport Inc. Super T announced the sale of its shares to the international firm, which is partly owned by Red Bull. Berger Logistik will employ Super T to deliver products for its parent company,...
Imports into Los Angeles, America’s busiest port, fell 17% in August.
The Port of Los Angeles, America's busiest container gateway, is deviating from the national trend. Container imports into the United States are around record highs, but imports into Los Angeles are decreasing by double digits. The Port of Los Angeles reported total throughput of 805,672 twenty-foot equivalent units in August,...