Temperature-controlled e-commerce fulfillment provider Perishable Shipping Solutions has closed an $8.7 million funding round. The company plans to add new terminals to its two-facility operation and hire staff.
Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.
Knight-Swift sees demand improve throughout the second quarter, producing a big earnings beat. The carrier raises its 2020 earnings outlook to a level higher than its original expectation.
Logistics REIT Prologis sees demand for space accelerate even as e-commerce activity recedes to near-normal levels. 2020 outlook raised on market tightness.
French 3PL FM Logistic reports strong organic growth in its recent fiscal year as European expansion progresses. The company didn’t issue annual guidance due to COVID-19 uncertainty.
The best time to build on your company’s offerings through acquisitions may actually be during a global disruption.
Guest commentator Eric Masotti writes about the importance of technology in logistics – but also underscores the importance of dedicated people to the process.
Logistics companies are performing at a high level despite supply chain challenges caused by the coronavirus pandemic and inadequate government planning, Ebola response coordinator Ron Klain said.
Werner believes its consumer-heavy shipper base will allow the company to ‘more effectively manage through’ the downturn.
Prologis reports solid first quarter, but reels in guidance on COVID-19 headwinds. An uptick in demand is not likely until a vaccine is discovered.
Ubirch, a blockchain cybersecurity company, has joined the Blockchain in Transport Alliance (BiTA). Learn more about Ubirch and BiTA.
If you need coronavirus gear, who you gonna call? Logistics busters!
Prologis’ update highlights strength of the logistics real estate market entering pandemic. Some clients are asking for rent relief.
Americans are taking to their laptops instead of heading to the mall, and legacy retailers are facing the pressure to adapt to the times.
While FEMA is working to airlift medical supplies from international sources, the White House doesn’t want to share equipment with other countries that may be in need. But don’t blame logistics providers like FedEx, which are executing on their logistics contracts.
COVID-19 is driving change in industry that highlights a new way businesses may operate going forward. Plus, air cargo companies accused of jacking rates, warehouse hiring rises and trucking’s image is getting a makeover.
Consultants, used to going onsite to perform their work, are now tasked with providing assessments without travel to a customer’s facility.
Roadrunner seeks voluntary delisting from the NYSE as it continues its reorganization and focuses on asset-light offerings.
XPO increases paid sick leave by two weeks for employees affected by the coronavirus.
Citing a deterioration in market conditions, XPO announces that it is no longer looking to spin-off its separate business units.
