“One big reason trade is no longer growing rapidly is the rise of protectionism,” said FedEx Chairman and CEO Frederick W. Smith today in his address at the International Air Transport Association (IATA) World Cargo Symposium. “History shows protectionism – whatever the justification – stifles competitiveness, innovation and consumer choice.” In his analysis of the […]
NAPLES, Fla.,- The Hertz Corporation (NYSE: HTZ) (“Hertz” or “the Company”) today announced that its board of directors has approved plans to separate into two independent, publicly traded companies. The two companies will be “Hertz,” comprised of the Hertz, Dollar, Thrifty and Firefly rental car businesses as well as Donlen, a provider of fleet leasing […]
UPS® (NYSE: UPS) today announced plans to purchase 1,000 propane package delivery trucks and install an initial 50 fueling stations at UPS locations. The investment in propane vehicles and infrastructure is approximately $70 million. The propane fleet will replace gasoline- and diesel-fueled vehicles used largely in rural areas in Louisiana and Oklahoma with other states […]
LONDON, – The Hertz Corporation (NYSE:HTZ), the world’s leading general use car rental brand, has recently signed a new agreement with its franchise partner Ryan’s Investments, which has been operating Hertz in Ireland since 1991. The new partnership agreement extends the alliance until 2024 and now also includes Hertz’s value brands Dollar Rent a Car […]
Menlo Logistics (Menlo), the US$1.6 billion global logistics subsidiary of Con-way Inc. (NYSE:CNW), today announced a new partnership with Starbucks Corp. to provide logistics management services for the global coffee company’s growing operations in Thailand. Specifically, Menlo will provide warehousing, inventory and transportation management services for Starbucks’ chilled, frozen, air-conditioned and ambient products from a […]
PARSIPPANY, N.J., Avis Budget Group, Inc. (Nasdaq:CAR) today announced that it has signed a new partnership agreement with Silver Airways, a U.S.-owned and operated airline with nearly 200 daily scheduled flights. Under the exclusive agreement, Avis Car Rental and Budget Car Rental will be designated as Silver Airways’ preferred car rental providers and Silver Airways […]
UPS® (NYSE: UPS) today announced it has completed the purchase of U.K.-based Polar Speed, an innovative provider of temperature-sensitive pharmaceutical supply chain solutions in the U.K. The acquisition further strengthens UPS’s healthcare network across Europe, providing healthcare companies access to a single source for logistics solutions across the continent. The purchase is part of UPS’s […]
WASHINGTON – The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) today announced a proposed rule to establish a drug and alcohol clearinghouse for all national commercial driver’s license (CDL) holders. The clearinghouse would help improve roadway safety by making it easier to determine whether a truck or bus driver is prohibited from […]
WASHINGTON – The Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) today announced the first results from its 2013 investigation into the transportation of Bakken oil, known as Operation Classification, which show that crude oil taken from cargo tanks en route to rail loading facilities was not properly classified. PHMSA has issued three […]
WASHINGTON – U.S. Transportation Secretary Anthony Foxx and Federal Transit Administrator Peter Rogoff today awarded approximately $886 million to help the New York Metropolitan Transportation Authority (MTA) continue rebuilding and replacing transportation equipment and facilities damaged or destroyed by Hurricane Sandy, which triggered the worst transit disaster in U.S. history. The announcement was made during […]
