FedEx is targeting its European operation in the next round of cost cuts. Combining U.S. ground and Express networks requires careful balancing to maintain customer service.
FedEx is rebranding its cargo jets by erasing the Express descriptor to signify there are no longer separate Express and Ground operations, just One FedEx.
Proterra customers are sanguine about the electric bus and battery maker’s bankruptcy reorganization. They expect deliveries to continue.
Trailer maker Wabash reaped the benefits of its reorganization and long-term customer deals in the first quarter.
Trailer maker Wabash is benefiting from a steady order backlog and a focus on more activity with targeted customers.
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The same health crisis that made TravelCenters of America an essential business during the coronavirus pandemic burned into non-fuel revenue in late March, leading to a first-quarter loss.
Less than six months after he was hired, turnaround veteran Jon Pertchik refashions the travel plaza and truck stop business with an emphasis on getting costs in line with spending.
Borden Dairy Co. filed for Chapter 11 bankruptcy protection Jan. 5, blaming rising raw milk costs, reduced milk consumption and increased competition among non-dairy alternatives, including almond and soy milk.
