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28.01.26 - 03:00
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UPS Won′t Resurrect MD-11 Fleet After Deadly Crash, Takes $137M Charge (ZeroHedge)
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UPS Won't Resurrect MD-11 Fleet After Deadly Crash, Takes $137M Charge
Authored by Eric Kulisch via FreightWaves.com,
UPS has decided to permanently retire its fleet of 27 MD-11 aircraft and take a $137 million after-tax write off instead of returning the widebody freighters to service even if they are cleared to fly again by aviation authorities following the crash of one of its planes in early November.
The express delivery and logistics giant began a phased drawdown of the aging tri-engine aircraft, but said on Tuesday that it has accelerated the retirement plan and will replace the aircraft with more efficient twin-engine Boeing 767-300 cargo jets.
The MD-11s have been parked since Nov. 8, when the Federal Aviation Administration ordered UPS, FedEx and Western Global Airlines to ground their MD-11 fleets until inspections and any potential corrective steps can be completed in the wake of the fiery crash of UPS MD-11 in Louisville, Kentucky, that killed 15 people. Investigators are focusin...
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27.01.26 - 23:06
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ArcBest Declares a $0.12/Share Quarterly Dividend (Business Wire)
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FORT SMITH, Ark.--(BUSINESS WIRE)--The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on February 10, 2026, payable on February 24, 2026.
ABOUT ARCBEST
ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of innovation that is enriched by deep customer relationships. With a commitment to helping customers navigate supply chain challenges now and in the future, the company is developing ground-breaking technology like Vaux™, one of the TIME Best Inventions of 2023. For more information,...
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27.01.26 - 23:00
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FedEx Announces Pricing of FedEx Freight′s $3.7 Billion Offering of Senior Notes in Connection with Planned Spin-Off (Business Wire)
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MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) (“FedEx”) announced today that FedEx Freight Holding Company, Inc., a wholly owned subsidiary of FedEx (the “Issuer”), has priced a private offering of $1,000,000,000 aggregate principal amount of 4.300% senior notes due 2029, $1,000,000,000 aggregate principal amount of 4.650% senior notes due 2031, $700,000,000 aggregate principal amount of 4.950% senior notes due 2033 and $1,000,000,000 aggregate principal amount of 5.250% senior notes due 2036 (collectively, the “Notes”). The offering of the Notes is expected to close on or about February 5, 2026, subject to the satisfaction of customary closing conditions.
The Notes are being offered as part of the financing for the proposed separation of the Issuer from FedEx (the “Spin-Off”) which will result in the Issuer owning and operating, through its subsidiaries, FedEx's less-than-truckload (LTL) freight transportation services business, including FedEx Freight Direct and LTL Select, a...
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27.01.26 - 22:21
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Thomas W. Horton joins Chevron′s Board of Directors (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced Thomas W. Horton has joined the company's Board of Directors as an Independent Director and has been appointed to the Board Audit Committee.
Horton, 64, is a partner at Global Infrastructure Partners, a global infrastructure-investment firm, and was a senior advisor at private-equity investor Warburg Pincus. Horton previously held senior roles as chairman of American Airlines Group, Inc., and chairman, CEO and president at American Airlines, Inc., and AMR Corporation, where he successfully built American Airlines' network both organically and through its combination with USAirways in 2015.
“We are pleased to welcome Tom to the Board and look forward to the perspectives he will bring,” said Mike Wirth, Chevron's Chairman and CEO. “His proven leadership, diverse board experience, and thoughtful approach to governance will be invaluable as we continue to drive growth and create long-term value.”
In addition to executive mana...
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27.01.26 - 21:15
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DHL Group (ex Deutsche Post) Overweight (DPA-AFX)
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NEW YORK (dpa-AFX Analyser) - Die US-Bank JPMorgan hat die Einstufung für DHL Group nach Zahlen und einem Quartalsausblick des Kontrahenten UPS auf "Overweight" mit einem Kursziel von 53,50 Euro belassen. Die Entwicklung des internationalen Paketgeschäfts ......
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