The company said inflation is pushing supplier costs $1 billion higher than expected in the current quarter, joining the chorus of major corporations warning about challenges rippling through the economy.

Around half of all last-mile related costs are expended in the last few hundred feet because of challenges in finding the exact delivery location and, worse, deliveries fail altogether because the person making the delivery cannot find the exact right location.

The 2023 Annual Third-Party Logistics Study, released Sept. 19, examines back-to-basics principles for supply chain professionals, the ongoing talent crisis and the rise of reverse logistics.

The delivery giant’s shares fell on Sept. 16 in the biggest one-day percentage drop since FedEx went public in 1978. 

The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance.

The recently enacted Ocean Shipping Reform Act of 2022 gave the U.S. Federal Maritime Commission stronger oversight of how ocean carriers and marine terminals treat shippers. Now, FMC is being called on to wield some of that power.

The transaction was approved by USA Truck’s stockholders at a special meeting of stockholders held on Sept. 12. 

The Pittsburgh-based producer said demand has dropped across most of its markets amid persistent supply-chain problems and higher costs for raw materials and energy in Europe.

Inditex SA is increasing prices by more than surging inflation rates, making the owner of the Zara fashion chain a standout among retailers getting hit by higher costs and shaky consumer demand.

Amazon will spend $450 million to raise wages and benefits for members of its Delivery Service Partners network, a program of small businesses that drive fleets of Amazon-branded delivery vans.