• DATVF.DALLAX
    0.958
    0.075
    8.5%
  • DATVF.VEU
    1.580
    -0.019
    -1.2%
  • DATVF.CHIATL
    1.964
    -0.085
    -4.1%
  • DATVF.VSU
    1.289
    0.018
    1.4%
  • DATVF.PHLCHI
    0.952
    -0.005
    -0.5%
  • DATVF.LAXDAL
    1.621
    -0.038
    -2.3%
  • DATVF.VNU
    1.488
    -0.028
    -1.8%
  • DATVF.ATLPHL
    1.825
    0.034
    1.9%
  • DATVF.SEALAX
    1.095
    -0.106
    -8.8%
  • DATVF.LAXSEA
    2.098
    -0.056
    -2.6%
  • DATVF.VWU
    1.596
    -0.081
    -4.8%
  • ITVI.USA
    10,446.250
    0.570
    0%
  • OTRI.USA
    8.000
    0.100
    1.3%
  • OTVI.USA
    10,464.970
    -3.010
    0%
  • TLT.USA
    2.610
    0.000
    0%
  • WAIT.USA
    158.000
    8.000
    5.3%
  • DATVF.DALLAX
    0.958
    0.075
    8.5%
  • DATVF.VEU
    1.580
    -0.019
    -1.2%
  • DATVF.CHIATL
    1.964
    -0.085
    -4.1%
  • DATVF.VSU
    1.289
    0.018
    1.4%
  • DATVF.PHLCHI
    0.952
    -0.005
    -0.5%
  • DATVF.LAXDAL
    1.621
    -0.038
    -2.3%
  • DATVF.VNU
    1.488
    -0.028
    -1.8%
  • DATVF.ATLPHL
    1.825
    0.034
    1.9%
  • DATVF.SEALAX
    1.095
    -0.106
    -8.8%
  • DATVF.LAXSEA
    2.098
    -0.056
    -2.6%
  • DATVF.VWU
    1.596
    -0.081
    -4.8%
  • ITVI.USA
    10,446.250
    0.570
    0%
  • OTRI.USA
    8.000
    0.100
    1.3%
  • OTVI.USA
    10,464.970
    -3.010
    0%
  • TLT.USA
    2.610
    0.000
    0%
  • WAIT.USA
    158.000
    8.000
    5.3%
EconomicsNewsTechnology

Today’s Pickup: Massive cyber attack hits FedEx

A massive cyber attack struck companies across the globe on Friday. FedEx is one of the firms that confirmed it had been affected.

Good morning.

It comes with names like Retail Apocalypse. Death of Retail. The Demise of Shoppers. What is isn’t is any of these. FreightWaves published a story on Friday on retail freight and we learned some surprising things along the way – namely, that will all the announced store closings in recent years, the amount of retail freight is not declining. It’s just moving to different locations. You can read more about that here: How retail trends are reshaping freight movement.

Did you know?

The death of retail is grossly overstated. While there have been nearly 3600 retail store closings announced so far in 2017, there have also been nearly 2900 store openings announced?

Quotable:

“Whether it’s made in America or not, nobody ever goes to the train station to buy things. It’s got to get to where it needs to go and it’s got to get there on a truck.”

-David Heller, vice president of governmental affairs for the Truckload Carriers Association, on the role trucks play in a growing ecommerce society.

In other news:

Sorry Mom, your gift was hacked

FedEx’s U.S. operations got caught up in the massive cyber attack that happened on Friday. The company said it was “experiencing interference with some of our Windows-based systems caused by malware.” There was no word on any package delays, but now you have something to blame for forgetting to get your mother a gift for Mother’s Day.  (Transport Topics)


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Brian Straight

Brian Straight covers general transportation news and leads the editorial team as Managing Editor. A journalism graduate of the University of Rhode Island, he has covered everything from a presidential election, to professional sports and Little League baseball, and for more than 10 years has covered trucking and logistics. Before joining FreightWaves, he was previously responsible for the editorial quality and production of Fleet Owner magazine and fleetowner.com. Brian lives in Connecticut with his wife and two kids and spends his time coaching his son’s baseball team, golfing with his daughter, and pursuing his never-ending quest to become a professional bowler.
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