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The planned Nov. 2 rate hike will be FedEx’s second in nine months, according to multiple media reports.
The Danish ocean carrier will alter its ME2 and ME3 loops between the Mediterranean and the Middle East and Indian Subcontinent this month.
The Commerce and Treasury departments have announced regulations that pave the way for certain U.S. exporters, carriers and logistics services providers to set up operations in Cuba.
After completing the long-awaited Trans-Pacific Partnership agreement on Monday, the Obama administration now faces its next challenge: promoting the trade pact to Congress and voters.
Just prior to announcing the board of TNT Express had approved its sale to FedEx, the company issued an investor alert warning shareholders that third quarter 2015 profits would be “materially lower” than in the third quarter of 2014.
A massive influx of refugees fleeing the war in Syria has resulted in increased wait times at border crossings and reduced volumes for trucking carriers, according to the International Air Cargo Association.