The Memphis, Tenn.-based integrator’s airfreight subsidiary extended its contract for air transportation services with the United States Postal Service through Sept. 29, 2024, FedEx said in a statement.
Meanwhile, the parcel giant and third-party logistics provider also announced plans to offer Saturday delivery options in large metropolitan areas in the U.S. and began testing a residential drone delivery system.
The Waco, Texas-based less-than-truckload common carrier’s purchase of certain assets of Wilson Trucking expands Central Freight Lines’ reach into the southeastern United States and Puerto Rico, the company said in a statement.
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Singapore-based Rickmers Maritime reported a net loss of $48.4 million for the fourth quarter of 2016, which was an improvement from the $129.6 million net loss for the fourth quarter of 2015.
Two Floridian ports changed plans on inking deals with the Cuban government after Florida Gov. Rick Scott said he would recommend restricting state funds for ports that work with Cuba.
The mid-Atlantic port handled a record amount of general cargo and containers in 2016.