Category: Business
Federal Judge Rules Against Total Quality Logistics in Overtime Pay Lawsuit
In a significant legal decision, U.S. District Judge Michael Barrett has found Total Quality Logistics (TQL), the second-largest freight brokerage in the United States, in violation of federal labor laws. The ruling, issued on September 26, comes after an 18-month-long legal battle and a 12-day bench trial that concluded in March 2022. Judge Barrett’s ruling…
FedEx Reports Strong First Quarter Results Amid Global Transformation
MEMPHIS, Tenn. – FedEx Corp. (NYSE: FDX) has released its consolidated results for the first quarter ending on August 31, 2023, marking a strong start to fiscal year 2024. Raj Subramaniam, President, and CEO of FedEx Corp, expressed optimism, stating, “We started fiscal 2024 with strong momentum as our global transformation actions take hold and…
Coyote Logistics Appoints Sandeep Pisipati as New CEO
In a significant announcement today, Coyote Logistics, a leading global third-party logistics provider and subsidiary of UPS, revealed crucial changes in its executive leadership team. The company disclosed that Sandeep Pisipati, the current Chief Financial Officer (CFO), will take the reins as the new CEO of Coyote Logistics. This change follows the decision of Jonathan…