One of the supply chain's newest publicly traded companies just announced a significant expansion. GigaCloud Technology (NASDAQ: GCT) stated on Friday that it has partnered with an undisclosed last-mile and white-glove delivery firm to provide services throughout the continental United States. GigaCloud was listed on the Nasdaq Stock Exchange last...
Complete Freight Shipping Guide
Freight is the shipment of large quantities of commodities by road, rail, ship, or air. Freight shipping is an essential aspect of the operations of many eCommerce businesses, especially when international shipping is involved. This article will discuss what constitutes freight, the various freight shipping techniques, how freight shipping works,...
FedEx withdraws full-year projections and reports a huge drop in unit operating income.
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...