Day Three of Global Supply Chain Week will cover topics related to food and CPG supply chains. Tyson Foods Chief Sustainability Officer John Tyson is set to start the day off with global sustainability in mind.
The first reaction to earnings at Ryder from Wall Street was decidedly negative.
In today’s edition of The Daily Dash, an activist investor wants changes at Forward Air. Plus, a strong start to 2021 for LTL carriers; reshoring is coming into vogue; and recapping FreightWaves’ Health & Pharma Supply Chain virtual event.
Thanks to COVID, there are no seasonal highs and lows for international shipping. There is so much demand for goods that the peak season never seems to end — and ports, railroads, truckers and warehouses are reaching the breaking point.
A California judge awarded $23.7 million, considered a “nuclear verdict” because it exceeds $10 million, to a motorcyclist whose lower leg was amputated after he was struck by a work truck in Los Angeles.
Trimble produced $829.7 million in revenue during the fourth quarter of 2020, with earnings per share of 71 cents.
The size of Uber Freight’s “fleet” is about 71,000 carriers.
The Teamsters’ Central States Pension Fund could be saved through the COVID-19 relief package.
Brokerage steals the spotlight at XPO amid a record revenue performance and strong 2021 earnings guidance.
FedEx makes a multiyear commitment to help colleges offset the COVID-19 economic impact.
An open letter from activist investor Ancora Advisors says “ineffective capital allocation” and diversification into “margin- and return-dilutive service offerings” have led to inferior results for Forward Air compared to other less-than-truckload carriers.
Old-school aerodynamics technologies such as TruckWings can contribute to economic and environmental sustainability.
SmartHop has secured a $12M Series A funding round with participation from heavy hitters Union Square Ventures and RyderVentures to scale its “business-in-a-box” solution for owner-operators and small fleets.
Self-driving truck technology startup Plus is already working on an autonomous freight matching project in China. Now it has investors there.
In today’s edition of The Daily Dash, diesel fuel prices are rising across the country. Plus, the Postal Service could be getting a makeover; Forward Air talks cyberattacks; and TFI discusses its plans for UPS Freight.
While optimism is returning to the economy, 83% of manufacturers expect their company to take up to a year to recover, according to a survey from BDO.
Agents occasionally find the green coca plant leaves during searches but rarely find green powder cocaine, authorities said.
Third-party logistics provider Radiant Logistics beat expectations for its second fiscal quarter. The company’s improved results and low-debt profile are allowing it to pursue acquisitions.
The most important number, yield, is up from January 2020 for Forward Air.
The former owner of Sisic Transport admitted to altering thousands of logbook entries for his drivers, using Omnitracs’ automatic onboard recording device software.
