Cailley Lapara

FedEx reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs that have buffeted its business.

FedEx Freight Holding Co. is pursuing new business in sectors including data center infrastructure, grocery and healthcare to chart its future as a newly independent company.

FedEx Freight is pursuing new business in sectors including data center infrastructure, grocery and healthcare to chart its future as a newly independent company.

United Parcel Service Inc. and FedEx Corp. shares tumbled after an analyst warned that Amazon Inc. is offering inexpensive and increasingly fast delivery services to third-party customers, underscoring the risk posed by the e-commerce giant to traditional shipping firms.

United Parcel Service Inc. boosted its sales guidance for the year, suggesting the courier is benefiting from strong pricing as it works to shift volume from low-margin e-commerce shipments to more-profitable packages.

Revenue will be about $91.2 billion this year, up from a prior forecast of $89.7 billion, UPS said July 28 in a statement as it reported quarterly results.

By The U.S. Postal Service plans to seek money from Congress to help fund its operations, an unusual request by an agency that's working to stem an ongoing financial crisis. (Mario Tama/Getty Images/TNS) Mario Tama

The US Postal Service plans to seek money from Congress to help fund its operations, an unusual request by an agency that's working to stem an ongoing financial crisis.

The high court’s decision may expose freight brokers to potentially enormous lawsuits, squeeze smaller carriers and drive up the cost of transporting almost everything that ships by truck.

A decision exposing freight brokers to greater liability is forcing companies to rethink which trucking firms they'll hire — with potentially big consequences in one of the nation's busiest freight hubs.