MEMPHIS, Tenn., FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp., will increase shipping rates effective January 4, 2016. FedEx Express will increase shipping rates by an average of 4.9% for U.S. domestic, U.S. export and U.S. import services. FedEx Ground and FedEx Home Delivery will increase shipping rates by an average of […]
A strong corporate culture is one of the most important assets of any company. But businesses also run the risk of limiting innovation, diversity of thought and growth if they allow culture to drive too many decisions. Myron Gray, president of U.S. operations for UPS, spoke about the role of leadership in establishing the delicate […]
Atlanta and Chicago – UPS (NYSE:UPS) today completed the closing of the acquisition of Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company. The $1.8 billion acquisition adds large scale full-truck-load (FTL) and other transportation management services to the UPS portfolio. The company expects to benefit from synergies in purchased transportation, backhaul utilization, cross-selling […]
BOSTON, – Zipcar, the world’s leading car sharing network, and the University of California, Berkeley’s Transportation Sustainability Research Center (TSRC), today announced that two in five corporate Zipcar members – people who join a car sharing program through an affiliation with an employer – sell or avoid buying a vehicle after joining Zipcar. This was […]
ARLINGTON, Va. – Applications are now being accepted for the 2015 Grant Program for Transporting Healthy Food, presented in partnership by CSX and The Conservation Fund. According to the United States Department of Agriculture more than 23 million Americans have limited or no access to fresh and healthy food. Many producers and retailers lack the […]
The Office of Rail and Road (ORR) today published its findings and analysis from an investigation into Network Rail’s performance delivery to Southern, Govia Thameslink (GTR) and in Scotland in 2014-15, which found that Network Rail breached its licence. Network Rail’s performance in respect of passenger services on Southern, GTR, and in Scotland were below […]
Espoo, Finland – Nokia today announced an agreement to sell its HERE digital mapping and location services business to a consortium of leading automotive companies, comprising AUDI AG, BMW Group and Daimler AG (the “Consortium”). The transaction values HERE at an enterprise value of EUR 2.8 billion with a normalized level of working capital and […]
We launched our Vehicle Solutions program 18 months ago in response to feedback from prospective driver-partners who wanted to join the Uber platform but didn’t have access to a qualifying uberX car. Since then, nearly 20,000 drivers have participated in the program and collectively taken home over $200 million dollars driving with Uber. We’ve learned […]
FAIRFIELD, Conn. – June 29, 2015 – GE [NYSE:GE] announced today that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corporation (TSX:EFN) for US$6.9 billion. Separately, GE has signed a memorandum of understanding for the potential sale of its European fleet businesses to Arval, […]
Today the Commission is further delivering on its top priority of creating jobs and boosting growth in Europe, by unveiling a record €13.1 billion investment plan in 276 transport projects, selected under the Connecting Europe Facility (CEF). This investment will unlock additional public and private co-financing for a combined amount of €28.8 billion. Along with […]
