The company posts solid numbers for its transport and logistics units as the logistics business prepares for trading on Monday as a spun-off entity.
Nearly 80% of the nation’s freight moves through Chattanooga, due to the convergence of three major internates: I-75, I-24 and I-59.
Strong second-quarter results give way to second-half volume growth concerns. An analyst calls the share sell-off “overdone.”
Americans were expected to divert disposable income away from goods as the economy reopened to travel, lodging and entertainment. It isn’t happening, most observers say, and the supply chain implications are profound.
A united transportation platform with 2 companies focused on either side of the carrier/shipper divide is seen as driving $2.25B acquisition of Transplace.;
More than one-quarter of survey respondents expect a 20% annual increase in warehouse demand over the next three years.
“The Transfix team is extremely talented, but there’s a quality to the culture that’s got gumption,” said newly appointed CCO Sophie Dabbs.
Company looks to take the lead in the cloud-based manufacturing and supply chain segment.
The two firms reach equity and operating agreements to expand their presence in the Indian market.
Supply chain bottlenecks are raising red flags for inflation down the road.
“We have to compete in a marketplace where my competitors don’t even have to be profitable.”
GXO Logistics looks to capitalize on favorable macro trends.
Vince Paperiello has been named to run the multibillion-dollar unit. The business had been run as a group effort for two years, a source says.
The acquisition modestly bumps Geodis’ brokerage revenue.
The index’s headline number is the second-highest on record, and there appears to be no end to the tightening cycle that has made life tough for logisticians.
“I think about the fact that if we fulfill this mission, the world is better off and not many opportunities have that.”
What does a chief product officer at a trucking sector company do given that the title is usually seen at software firms?
The vision of the collaboration is “for customers to be able to track their products from door to door and understand exactly what’s happening every step of the way.”
The boom in cold storage construction is partly fueled by consumers shopping for groceries online.
The 32nd version of the venerable report waxes philosophical on why more, not less, logistics spending will be needed.
