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Raj Subramaniam's Leadership and Global Strategy at FedEx Corporation

Raj Subramaniam's Leadership and Global Strategy at FedEx Corporation

Raj Subramaniam's Leadership and Global Strategy at FedEx Corporation
AP News AP News
Union Pacific picks up Canadian National's support for its plan to acquire Norfolk Southern railroad

Union Pacific picks up Canadian National's support for its plan to acquire Norfolk Southern railroad

Union Pacific struck a deal with Canadian National to secure that rival’s support for its proposed $85 billion acquisition of Norfolk Southern railroad
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Rising Oil Prices Impact Grocery and Back-to-School Costs

Rising Oil Prices Impact Grocery and Back-to-School Costs

Rising Oil Prices Impact Grocery and Back-to-School Costs
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US Customs and Border Protection Suspends De Minimis Exemption, Impacting Importers

US Customs and Border Protection Suspends De Minimis Exemption, Impacting Importers

US Customs and Border Protection Suspends De Minimis Exemption, Impacting Importers
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FedEx Enhances European Operations with New Facility in Slovakia

FedEx Enhances European Operations with New Facility in Slovakia

FedEx Enhances European Operations with New Facility in Slovakia
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DP World to Build New Port Terminals to Bypass Strait of Hormuz

DP World to Build New Port Terminals to Bypass Strait of Hormuz

DP World, a port operator based in the United Arab Emirates, announced a 50-year concession agreement with the Fujairah Port Authority to construct two new terminals on the UAE's east coast. This strategic move aims to reduce reliance on the Strait of Hormuz, a critical maritime chokepoint currently embroiled in military and logistical crises involving Iran, the U.S., and Israel. The new terminals will increase DP World's container handling capacity from 19.4 million TEUs to nearly 22 million TEUs, enhancing the region's maritime infrastructure.
The Commercial Appeal The Commercial Appeal
Memphis has Tennessee's lowest utility bills, MLGW study finds

Memphis has Tennessee's lowest utility bills, MLGW study finds

A new MLGW study shows Memphis has the lowest utility costs in Tennessee and ranks second cheapest in the nation.
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Prologis' Improved Offer Leads Segro to Consider £14 Billion Takeover

Prologis' Improved Offer Leads Segro to Consider £14 Billion Takeover

Prologis' Improved Offer Leads Segro to Consider £14 Billion Takeover
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UPS Labels Used in $2 Million Nike Shoe Theft Scheme from Memphis Warehouse

UPS Labels Used in $2 Million Nike Shoe Theft Scheme from Memphis Warehouse

Federal prosecutors have charged 12 individuals in a cargo theft scheme that diverted at least $2 million worth of Nike shoes from a Memphis warehouse. The operation involved former Nike employees and sneaker resellers who used unauthorized UPS shipping labels to redirect shipments to various locations across the U.S. The scheme ran from July 2021 to June 2024, with key figures creating and distributing fake labels to facilitate the theft. The indictment details the roles of several individuals, including Roy Harvey Jr., who allegedly orchestrated the label creation and distribution. The defendants face charges of conspiracy and interstate transportation of stolen property.
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C.H. Robinson Faces $604 Million Verdict in Texas Trucking Case

C.H. Robinson Faces $604 Million Verdict in Texas Trucking Case

C.H. Robinson Faces $604 Million Verdict in Texas Trucking Case
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Panama Canal Authority Suspends Auction for Close-in Transit Slots Amid Hydrological Concerns

Panama Canal Authority Suspends Auction for Close-in Transit Slots Amid Hydrological Concerns

The Panama Canal Authority has announced a temporary suspension of the auction process for 'Period 3' transit slots, which are typically offered 96 to 48 hours before the transit time. This decision is a response to current hydrological conditions and is part of the Authority's efforts to manage water resources effectively. The 'Period 3' slots are highly competitive, often commanding high prices due to their appeal to vessels operating on tight schedules without pre-arranged slots. The suspension affects two out of 36 daily transit slots, representing just under six percent of the Canal's capacity. The decision comes amid increased traffic at the Canal, driven by disruptions in the Middle East and high demand for LNG exports from the U.S. The Panama Canal Authority has not suspended auctions for Neopanamax transit slots and plans to continue holding Extraordinary Auctions when necessary.
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Fleet Operations Optimize Routes to Address Driver Shortages and Increase Delivery Volume

Fleet Operations Optimize Routes to Address Driver Shortages and Increase Delivery Volume

Fleet Operations Optimize Routes to Address Driver Shortages and Increase Delivery Volume