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FedEx Braces for 50% cut in Postal Service Air Contract

FedEx Corp expects its air express unit will lose half of its business with the Postal Service when an existing contract expires, making more pilots expendable. The Postal Service three years ago began shifting a large amount of volume from air to ground transportation to reduce red ink and become more competitive. Declining postal volumes […]

Trucking’s Annual Congestion Costs Top $94.6 Billion

Traffic congestion on U.S. highways added $94.6 billion in costs to the trucking industry in 2021 according to the latest Cost of Congestion study published by the American Transportation Research Institute (ATRI).  This is the highest level yet recorded through this ongoing research initiative.  ATRI utilized a variety of data sources including its unique truck […]