Ascend announced Monday its fourth acquisition of the year, the acquisition of Fuchs Trucking LLC, a regional truckload carrier based in Sauk City, Wisconsin. Fuchs Trucking, founded in 1955, serves customers in the building materials and furniture industries. According to the Federal Motor Carrier Safety Administration, the Midwestern dry van...
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Propane tankers exceed $100,000 per day in energy shipping.
Shipping of fossil fuels is increasing and shows no signs of slowing. Some very large gas carriers (VLGCs) now charge over $100,000 daily. Liquified natural gas (LNG) carriers surpassed the six-digit mark several months ago. The most fuel-efficient, very large crude carriers (VLCCs) have also passed that mark. When commodity...
During peak season, FedEx suspends some money-back guarantees.
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...