Ryder System, Inc. (NYSE: R), a commercial fleet management company, announced the appointment of Scott T. Parker as executive vice president (EVP) and chief financial officer (CFO) to succeed Art Garcia, who announced his retirement in September 2018.
Headwinds include Brexit, a U.S.-China trade deal and the International Maritime Organization’s 2020 sulfur cap.
Telematics is projected to triple by 2025.
Today’s Pickup: March 27, 2019
CEO Frank McGuigan promises “a collaborative, high-tech workspace that attracts high-potential talent and is a place where employees can thrive.”
Scott Parker will succeed Art Garcia, who is retiring at the end of April.
India-based logistics startup Delhivery has secured $413 million in new funding with Japan’s SoftBank leading the round.
Canadian cross-border trucking and logistics firm to establish new business based in Charlotte, North Carolina, and plans additional locations in the United States.
Several logistics and transportation software providers claim to have machine learning capabilities, but in many cases, the results don’t match the hype.
ACT Research is forecasting 335,000 truck orders in 2019, but a sharp dropoff in 2020.
