Target blows away third-quarter estimates
Holiday orders will be spread evenly throughout cycle, CEO says.
Holiday orders will be spread evenly throughout cycle, CEO says.
A Prologis research report highlights the ways warehouse automation is easing the growing pains of e-commerce.
Former Bethlehem Steel plant site at Sparrows Point, Maryland, attracts shippers and 3PLs to build Northeast distribution centers.
“We do not believe that the digital broker is ultimately going to replace those traditional brokerages.”
Pricing and delivery bundle will be tough for traditional pharmacies to match, consultant says.
EPS reported above analysts’ consensus.
It’s the logistics, stupid — to borrow a phrase from former President Bill Clinton — when it comes to getting vaccines down to the local pharmacy level.
The Canadian government prequalified FedEx Canada, UPS Health Care, McKesson and Kuehne + Nagel to bid on a contract to distribute millions of COVID-19 vaccine doses.
Being an ‘honest broker’ in Washington is the road to success, Reinke says, based on her years at CSX
Air cargo carrier names Yulia Celetaria health care director and forms vaccine task force.
Pop-up DCs expected to handle 30% of Walmart’s U.S. peak-season volumes.
More than 200 breeder hogs were flown this week from St. Louis to Sao Paulo. Midwestern airport hopes it is the beginning of more livestock exports.
Chris McMillin of AIT Worldwide Logistics applauds the logistics industry for its greater acceptance of new technologies. He urges companies to continue the trend.
E-commerce fulfillment provider Transportation and Logistics Systems announces plans to acquire delivery and warehousing company Cougar Express.
FedEx Express will hire more than 6,500 employees across Mexico by the end of the year.
FreightWaves Classics will present articles about key events, companies,, organizations, etc. from the history of transportation, logistics, supply chain and freight.
European 3PL says integration with e-commerce marketplaces strengthens activity with American online retailers and shoppers.
Freight forwarder guides customers through online shopping shift and transport capacity choke points.
Developer’s scale designed to make life easier, less expensive for warehouse customers.
Radiant Logistics uses cost savings to offset demand declines from COVID-19. The fiscal first quarter sees debt decline further as acquisitions remain on the table.
In this Fuller Speed Ahead episode for FreightWaves LIVE @HOME, Steve Hackney, head of solutions engineering at Front, talks about how technological tools to improve workflow can not only reduce cluttered in-boxes but establish more personal connections with prospective customers.
Digital brokerage increased revenue, EBITDA
Executives from Horizon Fitness, Estes Forwarding Worldwide and The DDC Group talk during FreightWaves LIVE @HOME about keeping up with the trend of online ordering and home delivery.
Business “rebounded dramatically” in the quarter, Jacobs says.
No more need to build information technology from the ground up when available cloud-based solutions can cheaply and efficiently modernize a trucker’s operation, experts tell the FreightWaves LIVE @HOME audience.
A comfortable merger still requires managing change and making parts fit as technology races ahead, says Trinity Logistics President Sarah Ruffcorn
ArcBest CEO Judy McReynolds talks about the company’s customer service model and how it has helped them thrive throughout the pandemic at FreightWaves LIVE @HOME on Thursday.
Leveraging more advanced data accuracy tools and processes, shippers and CPGs achieve a higher level of on-time performance by making more informed decisions in real time.
Major companies in the transportation and logistics world have taken interest in Canada’s massive undertaking to distribute millions of COVID-19 vaccine doses.
The CEO and co-founder of cross-border digital freight marketplace Forager discusses the sometimes-tricky process of courting investors.
The need for industry knowledge and strong connections has become key to competing in the crowded logistics venture capital arena.
Longtime MODE Transportation President and CEO Jim Damman is appointed chairman of the company.
Shipwell CEO Greg Price explains during FreightTech Venture Summit the importance of winning over venture capitalists at the onset of presenting your idea.
TRUX, the leader in dump truck logistics technology, is the latest member of the Blockchain in Transport Alliance (BiTA). Read why.
A survey of supply chain executives shows transportation capacity declines at a slower pace in October. The logistics industry continues to experience “rapid” growth.
Logistics provider ArcBest is experiencing some of the strongest tonnage trends in the company’s history. The year-over-year comparisons turned positive in August and have continued to climb.
Expeditors sees drop in air, ocean moves but net income climbs
Landstar System announced that its CFO was stepping down immediately. President and CEO Jim Gattoni will act as the company’s CFO on an interim basis until a replacement is found.
Logistics provider ArcBest beats third-quarter expectations by 50%. Improved demand and cost management drive the result.
In its comments to FMCSA, 3PL trade association says provisions that allow disclosure of data from brokers to carriers were for different era and seeks end to rule
Initially, ITG’s impulse was to build its own IT infrastructure and software tools.
DispatchTrack optimizes routes and delivery schedules for its clients, which enhances their customer delivery experience.
Alibaba is challenging Amazon on many fronts, including logistics. It’s now handling import/export operations in South Korea.
USA Truck’s third-quarter performance was something management had been foreshadowing for the last few quarters. They were adamant that earnings would improve if the market would cooperate.
Envase Technologies platform will expand its presence in Canada with the acquisition of TMS provider Tailwind Transportation Software.
Olsavsky says transport spending is in a multiyear ramp-up as the company posts solid third-quarter results.
Hub Group sees a strong demand environment continuing as most of its customers are operating with lean inventories. The company expects tight freight fundamentals to create a favorable rate environment in 2021.
The e-commerce retail and logistics giant’s bottom line is healthier than ever.
The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the announcement of a $2 special dividend.
Schneider National announces a $2 special dividend answering the mounting questions around the carrier’s future cash deployment. After the $355 million payment, the company still has ample cash to pursue other initiatives.
The Defense Department, the biggest logistics organization in the world, is putting its expertise to work developing a strategic plan for efficiently delivering a COVID vaccine to every corner of the country.
Would a requirement to automatically disclose information to carriers run afoul of confidentiality clauses?
Higher U.S. operating costs take center stage in discussion of company’s outlook.
A half-dozen basic physical characteristics of ocean containers should be considered before shippers or their packers stuff them.
Revenue climbs to more than $21 billion, a near 16% gain.
A former Ingram Micro executive to run the $3.2 billion enterprise logistics and brokerage firm.
Seven questions for TrophySmack’s Matt Walsh about having a diversified fulfillment strategy.
Svitzer, Alvys, Blue Ridge, Duluth Seaway and Bureau Veritas announce appointments.
While EDI is a standardized way of data transfer, API provides flexibility and allows companies to customize and call the data sets that they want whenever they want.
State’s suit to compel adherence to the law gets a boost; expensive campaign to allow ride-share drivers to remain independent contractors heads toward the finish line
As the temperature-controlled supply chain continues to call for greater transparency to ensure food safety, Penske Logistics welcomed the opportunity to ensure its cold chain operations were the gold star in the industry.
“Inside the Four Walls of Cold Chain Mobility” was the topic of a virtual fireside chat at the FreightWaves Cold Chain Summit.
Valuations are high and going higher heading into 2021, experts say at Armstrong conference.
Supply chain solutions technology provider Manhattan Associates sees favorable long-term tailwinds as multichannel retail delivery expands.
ZUUM brings shippers, brokers and carriers together to create synergy by resolving the fragmentation in technology adoption, data and capacity.
Management from truck broker Landstar sees no near-term letup in tight truck market fundamentals. The company’s fourth-quarter guidance brackets its EPS record set in the fourth quarter of 2018.
Outsourced supply chain solutions provider Capstone Logistics has been acquired by former owner H.I.G. Capital.
Larkin of Clarendon sees record year ahead if things break right.
Truck broker Landstar System handily beats its guidance, which was raised in early September. The company posted its second-best third quarter ever.
Knight-Swift Transportation’s third-quarter report provides an earnings beat, a 2020 guidance raise and a better-than-consensus first take at 2021 earnings as the carrier sees “strong freight conditions” continuing.
Rating is non-investment grade; agency notes that the company has been mostly growing through acquisitions rather than organic
Demand is reducing inventories while sales remain strong, leaving no cushion before sales ramp up as they do in November and December.
A $4.8 billion run rate for the quarter is expected to be at $7 billion by the end of the year: Triumph Bancorp CEO Graft
Logistics real estate investment trust (REIT) Prologis beats third-quarter expectations and raises guidance. Conditions have improved and the runway for e-commerce-related growth appears long.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
Logistics real estate investment trust Prologis records a better-than-expected third quarter and modestly raises its 2020 guidance.
Push to capture small-business share of the B2B e-commerce market continues for Chinese giant.
The National Customs Brokers and Forwarders Association of America’s general counsel Ed Greenberg looks forward to spending time with his grandson.
Werner, STG Logistics and ZIM add board members; Port of Oakland, Avetta and Raymond James make appointments.
Anne Reinke is coming directly from DOT but has a long record in the DC office of CSX
Shares of J.B. Hunt Transport Services move 9% lower after the company fails to meet recently raised analyst expectations. Intermodal service headwinds and elevated costs were the culprits.
AIT Worldwide Logistics’ Bob McGhee shares his thoughts on the best practices for military equipment shipping.
J.B. Hunt Transport Services misses 3Q estimates by 9 cents per share. Revenue and operating income climb 5% but a variety of cost inflation and a tough truck brokerage market weigh on the quarter.
While COVID-19 helped increase e-commerce sales volumes, retailers struggle to manage lengthening holiday season lead times.
Owner-operator association argues brokers already should have been complying with transparency rules and costs to a 48-hour turnaround should be the only ones FMCSA consider
The BNSF Logistics team rallies around a shared purpose: “We deliver what matters.”
Torch’s technology creates an experience tailored to the needs of shipments under 550 miles.
Complicated transaction puts the valuation of the SaaS company at about $2.57 billion
FlockFreight pools together LTL freight and ships it via shared truckloads in full truckload containers instead.
COVID’s disruptions have created an acute awareness of the need for innovation.
FEMA is trying to plan ahead for supply chain bottlenecks related to pandemic response and says it needs private sector help. New antitrust immunity on information-sharing should help.
Omaha-based Manning’s is focused on agribusiness, adds 15 employees to FitzMark
The top 25 freight forwarders are now only winning 30.5% of the freight they bid on, as opposed to their previous rate of 53.3%.
Sikh driver community is very active, sending in big number of comments on FMCSA’s fact-finding mission
A different future for The Apple Store?
Denny Slagle retired as Volvo Group executive vice president and Mack Trucks president in 2018.
Increased e-commerce sales are driving the need for additional industrial warehouse space for retailers and shipping companies.
Spirit Hub works on a direct-to-consumer (DTC) model and uses three-tier distribution to stay regulatory compliant and deliver directly to customers.
Adopting the right technology is key to executing better communication.
A grocery supply chain expert told the FreightWaves Last Mile Logistics Summit that grocery stories are not feeding the Canadian appetite for online shopping.