FedEx Corp. announced on Dec. 13 that it would discontinue money-back guarantees for most peak-season domestic and international air express shipments. FedEx (NYSE: FDX) announced the suspension in a recent note published in its online service guide. The suspension affects six overnight delivery services in the United States and four...
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A variant should be mentioned as US Xpress shifts gears to ‘back to basics.’
If you had doubts that the Variant initiative at US Xpress was dead, look for the word Variant in the company's most recent earnings report or supplemental slide show. You will not find it. Seven weeks after CEO Eric Fuller told analysts on a conference call that U.S. Xpress was...
Owners of crude tankers see dollar signs as the Russia ban approaches.
The European Union's ban on Russian crude imports is now less than five weeks away. As the clock approaches the December 5 deadline, crude tanker owners expect trade disruptions caused by the Russia-Ukraine conflict to worsen, pushing spot rates even higher. On Thursday's quarterly call, Brian Gallagher, head of investor...