The Memphis, Tenn.-based integrator’s airfreight subsidiary extended its contract for air transportation services with the United States Postal Service through Sept. 29, 2024, FedEx said in a statement.
Meanwhile, the parcel giant and third-party logistics provider also announced plans to offer Saturday delivery options in large metropolitan areas in the U.S. and began testing a residential drone delivery system.
The Waco, Texas-based less-than-truckload common carrier’s purchase of certain assets of Wilson Trucking expands Central Freight Lines’ reach into the southeastern United States and Puerto Rico, the company said in a statement.
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The United States Maritime Alliance, the employer group that negotiates the master contract with the International Longshoremen's Association, called the ILA’s planned work stoppage threat “disturbing.”
COSCO Shipping Ports Ltd. and CMA CGM Terminals Holding signed a worldwide memorandum of understanding to seek cooperation at ports worldwide, with preference being given to ports called by the Ocean Alliance.
Federal Maritime Commission Chairman Mario Cordero says he is willing to discuss the agency's concerns with Port Authority of New York/New Jersey and OCEMA member carriers, leaving the door open for future approval of a revised agreement.