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Trucking News & CDL Updates

Verified developments affecting drivers’ work, safety, licensing, pay, equipment, and travel.

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Higher hired-trucker rates pressure FedEx margin despite stronger quarter

FedEx said increased purchased-transportation rates partly offset stronger package yields, volumes and cost savings. Reuters reported that hired truckers provide about 10% of capacity and that higher rates helped trim the U.S. Express adjusted margin to 6.6%.

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