FedEx Corp.'s (NYSE: FDX) ground-delivery unit announced late Thursday that it will suspend Sunday residential deliveries in certain "lower-population" markets beginning the week of Aug. 15, a response to concerns raised by many of the company's independent delivery contractors that the service is a money-loser for the company and is...
Prologis expects warehouse demand to ‘normalize’ after reaching all-time highs.
Management from logistics warehouse operator Prologis Inc. observed some reduction in demand for logistics space on a Monday call with analysts, but with the proviso that the change represented only a minor step lower from recent all-time highs. "On a 1-to-10 scale, let us call the top in terms of...
Crude oil and diesel exports from the United States are increasing much more.
At-the-pump gasoline and diesel prices are down from all-time highs, but they remain extremely high. Meanwhile, as local energy resources are sold to the highest bidder, more US-produced petroleum is being loaded into tankers going for Europe, and more US-refined diesel is being loaded onto ships bound for Latin America....