Universal Logistics reports record Q1, declares cash dividend
Universal Logistics Holdings reported $415.2 million in operating revenue during the first quarter.
Universal Logistics Holdings reported $415.2 million in operating revenue during the first quarter.
The biggest changes Bed Bath & Beyond must make are in the supply chain, which has been referred to as “noncompetitive” by management.
The once-stagnant logistics industry has undergone rapid change in recent years. The 2017 electronic logging device mandate sparked something of a technological revolution within the industry. This focus on tech — coupled with outside forces ranging from consumer demand to climate change — has fostered an environment of innovation. Companies that are slow to adapt to new expectations are likely to be left behind. Shippers are no exception.
Third-party logistics providers, or 3PLs, are used for the outsourcing of warehouse and distribution needs for their customers’ inventory and fulfillment.
FreightWaves CEO Craig Fuller writes about FreightWaves, as well as transportation today and moving forward.
STORD, which describes itself as a cloud supply chain company, has secured a $65 million funding round as it seeks to expand upon its logistics capabilities.
Changes in customer demand and rising expectations are helping force the transportation industry to evolve in order to meet the growth of this market.
Former CFO Nicky Osborne of shuttered Bison Global Logistics was sentenced to nearly four years in prison and ordered to pay back nearly $8 million in fraud and tax evasion scheme.
With Malcolm Wilson, XPO’s chief executive officer for Europe, taking the lead as the CEO of GXO, the company expects the spinoff will create long-term value for its stakeholders.
A new report from IBM Security, “X-Force Threat Intelligence Index 2021,” highlights the evolving nature of the cybersecurity threats facing companies — with ransomware coming out on top.
This fireside chat about logistical trends in artificial intelligence and automation highlights a variety of misconceptions. “Almost immediate ROI” might be enough to steer logistics companies toward AI, said Kate Curtin, head of marketing at Deep Cognition.
Allyn International experts discuss how a 4PL control tower acts as the nervous system in a global supply chain.
An Illinois firm, Lions Logistics 1, which specialized in perishable foods and other time-sensitive loads, filed for Chapter 7 bankruptcy, reporting a 96% drop in revenue in 2020.
Alibaba is a massive online shopping platform, but it also wants to be a dominant logistics provider around the world. It now covers Japan.
Logistics provider ArcBest beats third-quarter expectations by 50%. Improved demand and cost management drive the result.
The BNSF Logistics team rallies around a shared purpose: “We deliver what matters.”
Logistics giant NFI is adding 5,000 new jobs before the end of 2020, further evidence of the demand on trucking to meet pandemic-induced and holiday freight needs.
Increased e-commerce sales are driving the need for additional industrial warehouse space for retailers and shipping companies.
Radiant Logistics achieves a couple of records during the recent quarter. Moving PPE and other aid paves the way to a large earnings beat.
Radiant Logistics reports new revenue and earnings records in a fiscal fourth-quarter update. The company has delayed its annual filing and conference call with analysts, citing delays associated with the pandemic.