Bezos to relinquish Amazon CEO role in third quarter
Amazon announces a leadership shift as it crushes fourth-quarter 2020 estimates and reports $125 billion in revenue.
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Final mile (also called “last mile”) is a term used to refer to the last leg of a delivery route (it is not a mode of transportation). Businesses can define last mile in different ways, depending on what is most relevant to their business and their customers’ expectations. Final mile delivery falls into two categories: light goods (typically less than 150 pounds) and heavy goods.
Amazon announces a leadership shift as it crushes fourth-quarter 2020 estimates and reports $125 billion in revenue.
Scott Ruffin’s company is poised to exploit weaknesses in legacy delivery networks to take B2C share.
Could DB Schenker be the next TFI International? TFI just agreed to buy UPS Freight. DB Schenker is ready to become a pure play trucker in the U.S. and will be looking for sellers.
UPS lost its 16-year battle to succeed in LTL. Now it’s TFI’s turn.
UPS takes part in a business panel on why Congress should support last-mile delivery and electric vehicles.
Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.
Deliveright, a digital delivery network for heavy goods, announced the launch of a new app with e-commerce company Shopify.
Cardinal Logistics has acquired heavy-goods final-mile provider NRX Logistics. The deal marks the third final-mile transaction for M&A advisory firm Tenney Group in the last year.
J.B. Hunt Transport Services’ fourth quarter came in better than expected. However, the company said it was reviewing long-term margin targets across all segments. Intermodal margin forecasts may be reduced but other units could see upward revisions.
J.B. Hunt Transport Services’ fourth quarter outpaces analysts’ forecasts. Brokerage, truck and final-mile divisions benefit from revenue surge.
The levy will apply to customers tendering 30,000 weekly parcels from Jan. 4 to Jan. 31.
Deutsche Post DHL’s Express and E-Commerce units report strong numbers.
OneRail’s $6.7 million in late seed financing will help the delivery orchestration and fulfillment platform scale its business development, sales and marketing operations.
ShipMatrix reports a solid performance by carriers, while a Convey survey shows that U.S. consumers were tolerant of shipping issues.
The Seattle-based e-tailer currently operates 10 sites in Detroit that support customer fulfillment and delivery operations.
Uber’s stock dips on a report that Goldman Sachs is looking to unload 38 million shares. The company has made several moves recently to shore up the balance sheet and sustain its cash-intensive brokerage segment.
Traffic is expected to spike 23% compared to the highest-volume period in last year’s peak.
Albertsons, subsidiaries turn to alternatives such as DoorDash
Former executives at Forward Air along with an activist investor have been acquiring shares since October in efforts to make changes to the management team, board and capital allocation strategy, which may include divesting “non-core assets.”
DHL Freight promotes two and ev Transportation appoints two to board.