FedEx said it plans to spin off its freight division into a separate publicly traded company, a move that will advance Chief Executive Officer Raj Subramaniam’s push to streamline the giant.
FedEx to Spin Off $30 Billion Freight Unit
Related Posts
Quiet Platforms president leaves company
Shekar Natarajan is out as president of logistics provider Quiet Platforms. In a statement issued late Monday, the company said that Natarajan had exited the company, effective immediately. His departure was due to…
Trans-Pacific spot container shipping rates are inching up
Shipping lines have brought Asia-U.S. spot rates up off the floor, but it’s a slog: two steps up, one step back, another two steps up, a slide back again. The general rate increase (GRI) on Thursday was partially successful,…
RXO exec at UBS conference says 3PL’s market share still rising
NEW YORK — RXO’s chief strategy officer conceded to a conference here that he didn’t have much fresh to say in terms of the company’s market or overall outlook, but given the relative strength of the 3PL’s first-quarter…
Delta Cargo cranks up refrigeration at JFK airport
Delta Air Lines has inaugurated John F. Kennedy International Airport’s largest temperature-controlled facility for pharmaceuticals and perishable goods. The Atlanta-based carrier announced Thursday that it has doubled…
Nevada governor vetoes bill to restrict train lengths
Nevada Gov. Joe Lombardo has vetoed a bill that would have restricted the length of freight trains running through the state, saying such a mandate could violate federal interstate commerce laws. The Republican governor said…
TOP POSTS ON PRODUCE WIRE
