Old Dominion Freight Line Inc. has initiated a trial program in which it offers LTL shippers a single all-in fee before their freight is picked up, a step the carrier claims represents a significant development in the conventional processes of costing, and pricing, and paying for LTL transportation. Todd Polen,...
Due to stock drops, July 1 has been designated as ‘Bloody Friday’ in shipping.
Friday will be recognized as "Bloody Friday" in the maritime industry, according to J Mintzmyer, head of research at Value Investor's Edge. Shipping titans including Zim Integrated Shipping Services (NYSE: ZIM), Genco Shipping (NYSE: GNK), and Eagle Bulk Shipping (NASDAQ: EGLE) had their stock values plummet on Friday. According to...
FedEx has finally launched its long-awaited operational integration.
FedEx Corp. announced Wednesday that it has initiated a long-awaited initiative to integrate all of its operations, signaling the end of the operationally siloed business model that defined FedEx's first 50 years. The Network 2.0 strategy will cost around $2 billion to implement over the next five years, according to...