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Mark Solomon

Formerly the Executive Editor at DC Velocity, Mark Solomon joined FreightWaves as Managing Editor of Freight Markets. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. Over the course of his career, Solomon has covered nearly the whole gamut of the transportation and logistics industry, including trucking, railroads, maritime, 3PLs, and regulatory issues. Solomon witnessed and narrated the rise of Amazon and XPO Logistics and the shift of the U.S. Postal Service from a mail-focused service to parcel, as well as the exponential, e-commerce-driven growth of warehouse square footage and omnichannel fulfillment.
Mar - 2024 -
21 March
Mark Solomon

FedEx posts strong quarterly results

FedEx said strong cost controls drove its fiscal third-quarter results; its shares soared in late trading.

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01 March
Mark Solomon

Wincanton board approves GXO’s competing buyout proposal

The board of UK logistics firm Wincanton has unanimously recommended GXO’s $965 million buyout offer.

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Feb - 2024 -
29 February
Mark Solomon

GXO offers $965 million for UK logistics firm Wincanton

GXO’s offer to buy U.K. logistics firm Wincanton bests Ceva Logistics’ bid by 26%.

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28 February
Mark Solomon

DHL moves Norfolk operations to larger facility

A new DHL facility in Norfolk, Virginia, will serve eastern Virginia and coastal North Carolina.

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21 February
Mark Solomon

Norfolk Southern defends makeup of its board, mum on possible CEO change

Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.

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20 February
Mark Solomon

Activist group wants former UPS exec Barber to run Norfolk Southern

Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.

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14 February
13 February
Mark Solomon

Deerfield, Chicago suburb, nixes warehouse development

Zoning changes banning logistics facilities in Deerfield, Illinois, are to take effect Feb. 20.

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09 February
Mark Solomon

TFI beats earnings estimates, US LTL a work in progress

TFI International’s EPS in 2024 will be at least $7 a share, CEO Alain Bédard says

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07 February
Mark Solomon

Robinson unwraps truckload appointment scheduling software

C.H. Robinson’s newly unveiled touchless appointments will automate manual scheduling tasks.

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06 February
Mark Solomon

AIT closes on Lubbers acquisition

AIT’s acquisition of Lubbers Logistics Group adds 18 European offices to AIT’s 130-location global network.

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05 February
Jan - 2024 -
30 January
Mark Solomon

Kenco to close facility in Indianapolis

Third-party logistics provider Kenco Logistic Services has announced it will close its Indianapolis facility and lay off 110 workers.

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Mark Solomon

UPS to cut 12,000 jobs, may sell Coyote brokerage unit

Subpar 2023 results and uncertain 2024 guidance sent shares falling.

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26 January
Mark Solomon

Mega-warehouse facility leasing slowed in 2023, CBRE says

Slow growth in mega-leases is expected to continue through 2024, CBRE said.

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Mark Solomon

FedEx restores service guarantees on 2nd-day air morning service

FedEx and UPS reinstate money-back guarantees on second-day morning air service.

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04 January
Mark Solomon

C.H. Robinson creates office to implement strategic initiatives

C.H. Robinson’s newly created office to support its strategic initiatives is a key step in CEO Dave Bozeman’s plan to revive the struggling brokerage giant.

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02 January
Mark Solomon

UPS to close daytime ground sort facility at Louisville hub

The Teamsters union doesn’t expect a major impact on employment levels from UPS’ closure of a Kentucky sort facility.

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Mark Solomon

‘Not-in-my-backyard’ mindset threatens warehouse growth

Proponents and opponents increasingly are slugging it out over the viability of warehouse developments.

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Dec - 2023 -
23 December
Mark Solomon

Labor 2023: A lot of noise but few strikes

Labor peace was won at what will be higher costs for shippers and carriers.

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21 December
Mark Solomon

C.H. Robinson CFO to leave company

C.H. Robinson has begun a search to replace Mike Zechmeister, who will remain until a successor is named, or no later than May 31, 2024.

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Mark Solomon

FedEx says volume diverted from UPS retained

FedEx says it is confident that it has maintained the parcel volumes that moved from UPS.

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Mark Solomon

C.H. Robinson chief sees no truckload pivot until second half of 2024

C.H. Robinson President and CEO David Bozeman says he’s surprised that so much truck capacity remains this late in the cycle.

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19 December
Mark Solomon

FedEx hopes new color-coded air network will shore up profits

FedEx’s color-coded air network is designed to bolster FedEx Express’ margins amid continued macro weakness and other headwinds.

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Mark Solomon

FedEx cuts full-year revenue forecast, shares plunge

Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.

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18 December
Mark Solomon

FedEx expands boxless, label-less returns

FedEx is following its rivals’ leads with a no-box, no-label returns program.

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Mark Solomon

Prologis sees faster interest rate declines as inflation eases

The anticipated cuts in the fed funds rate will bring institutional capital off the sidelines in the second half of 2024, Prologis predicted.

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15 December
Mark Solomon

UPS hikes ground, SurePost fuel surcharges; FedEx lowers its levy

UPS’ ground delivery surcharge increase comes amid a continued decline in diesel pump prices.

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14 December
Mark Solomon

Coyote offers ‘voluntary separation’ program to high-level employees

Coyote’s senior managers and directors are believed to be targeted in the freight broker’s fourth round of job cuts this year.

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13 December
Mark Solomon

Prologis president highlights communities’ ‘anti-warehouse sentiment’

Community opposition adds complexity to logistics warehouse development, the president of Prologis says.

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Mark Solomon

Ramp-up in tech investment critical for 3PL success in 2024

Where 3PLs put technology in play will help determine their competitive position, according to Capacity and Service Solutions’ Brian Rafferty.

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12 December
Mark Solomon

UPS, FedEx post solid holiday on-time delivery performance

Less demand and more flexible delivery schedules were key factors in higher performance by UPS and Fedex during the Black Friday and Cyber Monday cycle.

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11 December
Mark Solomon

UPS reinstates 35 union workers in Louisville, averts strike

The Teamsters union warned of a strike at UPS’ air and ground hubs if workers were not reinstated.

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08 December
Mark Solomon

Lawsuit could launch different type of legal battle between FedEx Ground, contractors

A former contractor alleges that it was fraudulently induced to sign a contract with FedEx Ground.

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07 December
Mark Solomon

Teamsters warn of strike against UPS in Louisville

UPS has been given until Monday to address the alleged firing of 35 union workers at its ground hub.

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06 December
Mark Solomon

‘Potentially unreliable’ shipping worries online shoppers 

Nearly half of survey respondents said that delivery estimates are “potentially unreliable.”

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05 December
Mark Solomon

UK company develops shipping labels with built-in tracking device

Reelables says technology will eliminate the need for manual label scanning across the supply chain.

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Mark Solomon

Uber unveils store package pickup service

Uber’s new feature allows shoppers to arrange for drivers to pick up purchased items and deliver them to a residence.

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Nov - 2023 -
30 November
Mark Solomon

UPS to hike US diesel surcharges under adjusted formula

Effective Monday, UPS’ surcharge levels for domestic ground parcel and SurePost services will rise by 50 basis points.

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Mark Solomon

OnTrac to hike 2024 published rates by 6.2%

Shippers can still expect sizable discounts off OnTrac’s tariff.

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28 November
Mark Solomon

Holiday inventories remain balanced as shoppers show strength, NRF says

The number of in-store and online shoppers set records over the five-day Thanksgiving cycle, according to the National Retail Federation.

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27 November
Mark Solomon

More parcel shippers likely to get caught in delivery surcharge net

Changes in ZIP codes mean that delivery area surcharges will apply to a larger share of the U.S. population.

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Mark Solomon

Thinking inside the box

Can package sizing be improved? It’s been a long, slow process.

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21 November
Mark Solomon

GXO to shutter Ohio facility in January

A GXO location in Groveport, Ohio, outside Columbus, will shutter on Jan. 15.

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20 November
Mark Solomon

Are we in an unprecedented parcel rate war?

The big boys in parcel delivery are hammering each other for business, consultants say. That’s great news for shippers.

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15 November
Mark Solomon

Postal Service sets 2024 shipping rate hikes for 3 key services

Postal Service tariff rates are proposed to rise between 5.4% and 5.9%, effective Jan. 21.

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Mark Solomon

Prologis announces high-level appointments

Carter Andrus has been named COO at Prologis, effective Jan. 1. Current COO Gary Anderson will become senior adviser and retire on June 30.

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Mark Solomon

UPS unveils integrated supply chain platform

UPS’ new Supply Chain Symphony platform integrates previously siloed platforms.

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14 November
Mark Solomon

AIT launches expedited LTL offering

AIT becomes an alternative to incumbents for middle-mile LTL share.

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Mark Solomon

Postal Service posts massive net loss in FY ’23

The agency is poised to discount rates on shorter-haul parcel services.

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13 November
Mark Solomon

Will there be logistics demand for all that dirt?

The industrial outdoor storage industry is catching a fresh bid from new players.

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10 November
Mark Solomon

Reported incidents of cargo theft soared 59% in Q3, CargoNet says

A Q3 increase in reported incidents of cargo theft was fueled by a triple-digit rise in “strategic” thefts like cargo misdirection, CargoNet says.

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08 November
Mark Solomon

Georgia extends fuel tax suspension again 

The state of Georgia has suspended diesel and gasoline taxes for the third time since early summer.

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Mark Solomon

GXO lowers full-year organic revenue estimates

A weaker-than-expected peak period leads GXO to cut its organic revenue growth guidance.

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Mark Solomon

DHL cuts full-year guidance as second-half recovery doesn’t materialize

Revenue and earnings fell sharply at DHL’s Express and Global Forwarding units.

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Mark Solomon

Logistics warehouse automation to continue apace despite construction slowdown

Embedding existing warehouses with new automation offers great potential as well as some risks, according to experts.

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07 November
Mark Solomon

Slync, winding down operations, to auction off intellectual property

DSI Assignments, which is overseeing the auction, is seeking a buyer for all of Slync’s platform assets.

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06 November
Mark Solomon

Supreme Court denies UPS driver’s request for vehicle accommodation

The U.S. Supreme Court let stand a lower court ruling denying a driver’s request to allow him to operate a smaller vehicle with a softer suspension.

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03 November
Mark Solomon

UPS, Teamsters and the matter of unintended consequences

Teamsters union leadership may be willing to accept lost rank-and-file jobs in return for increases in new positions, a labor expert says.

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02 November
Mark Solomon

US holiday spending to climb 3%-4% over 2022, NRF predicts

Online sales are expected to grow between 7% and 9% over 2022 levels, the National Retail Federation says.

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01 November
Mark Solomon

2023 Shipper of Choice profile: Southwire Co. LLC

Southwire’s strategic road map focused on FreightTech, strategic partnerships, RFPs, carrier scorecards and freight analytics.

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Oct - 2023 -
30 October
Mark Solomon

UPS rolls out Hyperlocal delivery service

A source wonders if UPS’ new offering is a reconstituted version of an earlier stab at quick delivery.

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27 October
Mark Solomon

Saia took on big volumes, higher costs in Q3

Saia posted across-the-board gains but its operating ratio worsened as it absorbed higher-than-expected costs.

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26 October
Mark Solomon

Amazon posts strong third-quarter results

Amazon’s EPS handily beat estimates, while operating and net income posted four- and three-bagger gains.

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Mark Solomon

UPS reports higher volume diversions due to labor unrest

UPS’ third-quarter results reflect struggles with macro weakness, volume diversions and higher labor costs.

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25 October
Mark Solomon

UPS acquires reverse logistics company Happy Returns

UPS said it hopes to scale service to as many locations as possible by year’s end.

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Mark Solomon

North American peak inventory levels balanced, DHL unit CEO says

DHL Supply Chain’s North America chief says warehouse labor markets have stabilized.

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Mark Solomon

UPS sets holiday cutoffs for air, 3-day services

UPS has set holiday shipping deadlines for deliveries on Dec. 23 or earlier.

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Mark Solomon

Convoy finds buyer for tech stack, source says

Convoy Inc. has found a buyer for its tech stack, which would include the digital freight company’s driver app and automated freight matching and pricing engines.

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24 October
Mark Solomon

At TFI’s US LTL unit, cost reduction trumps all

TFI’s overall third-quarter results reflect a weak macro environment.

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23 October
Mark Solomon

Convoy’s tech focus may have obscured importance of human element

The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events. 

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20 October
Mark Solomon

XPO launches driver team operations

Less-than-truckload carrier XPO Inc. (NYSE: XPO) says it has launched an over-the-road operation for team drivers. Only existing teams can currently qualify for the program, which has not been formally […]

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Mark Solomon

The slow climb of multistory warehouses

Five years after the first multistory warehouse was delivered, questions still remain about the model’s viability in the U.S.

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19 October
Mark Solomon

Stord launches vendor delivery consolidation program

Omnichannel fulfillment provider Stord’s new service is designed to make delivery to retail DCs more affordable for smaller merchants.

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17 October
Mark Solomon

FedEx announces holiday shipping deadlines

FedEx Ground two-day shipments must ship by Dec. 20 to arrive on or before Christmas Eve.

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16 October
Mark Solomon

UPS’ 2024 rate changes look similar to FedEx’s

A Shipware analysis finds the rate and surcharge tables of UPS and FedEx look unsurprisingly alike.

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13 October
Mark Solomon

Walmart to open fifth next-gen fulfillment center in 2026

A Walmart facility in California will expand its next- and two-day delivery capabilities.

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12 October
Mark Solomon

Blue Yonder plans to acquire UK reverse logistics specialist Doddle

The integration of Blue Yonder and Doddle is designed to strengthen end-to-end returns management services primarily in the U.S. market.

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Mark Solomon

Israel forms ‘logistics corridor’ to distribute produce from war-torn southern region

Israel’s agriculture ministry and Israel Defense Forces have developed a dedicated distribution channel to move foodstuffs northward.

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10 October
Mark Solomon

OSM Worldwide to avoid peak-season parcel-delivery surcharges

OSM follows the lead of work-share partner U.S. Postal Service in not imposing peak-season delivery surcharges.

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09 October
Mark Solomon

P44 on-time parcel delivery performance numbers defy history

Not everyone will agree with the results of project44’s on-time parcel-delivery performance survey, the survey’s leader says.

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06 October
Mark Solomon

Georgia governor extends motor fuel tax suspension

Truckers save 35 cents a gallon on fill-ups with Georgia’s fuel tax suspension.

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04 October
Mark Solomon

Uber Connect expands into returns shipping

Uber drivers will pick up return parcels and deliver them to postal, FedEx and UPS locations.

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Mark Solomon

Logistics warehousing construction starts plunge to near 10-year low

The logistics warehousing market is setting up for an acute supply shock by the second half of 2024 if tenant demand recovers, a CoStar report says.

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03 October
Mark Solomon

Lineage acquires Burris Logistics’ cold storage, e-commerce sites

Lineage Logistics has acquired eight Burris Logistics cold storage and e-commerce fulfillment facilities in six states.

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02 October
Mark Solomon

Pitney Bowes president and CEO steps down

Pitney Bowes President and CEO Marc Lautenbach had been at the center of a proxy fight with Hestia.

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Mark Solomon

Alternate delivery model gains traction in US but has ways to go

The on-paper benefits of out-of-home delivery are clear. Customer acceptance is somewhat less so.

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Sep - 2023 -
29 September
Mark Solomon

UPS offers rebates to win back diverted volumes

Rebates from UPS are designed to offset early-termination penalties from other carriers if shippers return to UPS.

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28 September
Mark Solomon

UPS acquires health care logistics specialist MNX 

MNX Global Logistics focuses on managing time-critical, specialized shipments.

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27 September
Mark Solomon

Prologis chief urges Federal Reserve to rethink rate policy

Supply chains are one crisis away from seizing up again, say the CEOs of Prologis and Home Depot.

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Mark Solomon

Consumers willing to pay premium for fast, precise peak deliveries

A ShipStation survey found U.S. consumers are more concerned about package theft than late deliveries. 

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26 September
Mark Solomon

FedEx leverages AI to improve trailer-loading process

FedEx partners with an AI-powered robotics firm to load FedEx Ground trailers.

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Mark Solomon

UPS plans to hire 100K seasonal workers for peak

UPS is looking to fill full- and part-time seasonal positions.

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22 September
Mark Solomon

The parcel Santa surcharge wars

There may be a tussle to capture peak surcharge revenue on those shippers that pay the levies.

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21 September
Mark Solomon

Voltera helps stand up zero-emission operations

Voltera handles land purchases, oversees power needs and manages regulatory approvals for companies that want to scale their charging infrastructure.

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