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.

Whatever the business — from fast-moving consumer goods to pharmaceuticals or automotive — the success of any enterprise is the result of its vertical market expertise.

A heat wave in the Western U.S. is coursing through farming supply chains and into supermarkets, leaving distributors searching for leafy greens and fruits from sources ranging from Canada to Florida.

Amancio Ortega, the billionaire founder of the Zara apparel chain, acquired a one million square feet logistics center in Philadelphia, as he continues to expand into new types of investments.