Landstar System announced after the market close on Wednesday what it would do with cash on the balance sheet. The company plans to pay a one-time special dividend of $2 per share in January.
GreyOrange’s Ranger autonomous robots work with employees in an e-fulfillment center in the Netherlands.
DHL will be the first to deliver COVID-19 vaccines in Germany. Integrated logistics companies like DHL, FedEx and UPS have an advantage with their closed networks and sophisticated delivery methods for keeping vaccines at the correct temperature.
ArcBest sees asset-based revenue continue positive streak in November. This is the fourth LTL carrier to report improving trends in the quarter.
Increase in reverse logistics demand spawned by the continued growth of e-commerce activity.
A recently formed venture between Stockbridge Capital and a Korean pension fund will acquire 23 logistics properties valued at $2 billion.
Redwood Logistics’ #HeroChallenge and Women in Logistics webinar raised funds to celebrate GivingTuesday.
Retrofitting a passenger plane to operate as a heavy cargo plane is a big engineering job that requires many new parts and disposal of old ones. Logistics giant Kuehne + Nagel says it can reduce inventory and transportation costs to make conversions more economical.
Despite record freight markets, number of jobs in government’s trucking category is less than where it was a year ago
Bill Freidel of AIT Worldwide Logistics expects 2021 to be another challenging year for freight as the COVID-19 vaccine is prepped for release. He encourages logistics companies to invest in cold-chain technologies and continue to meet customer expectations.
One perspective: Dwell is like “chunky peanut butter”
Warehousing jobs continue to soar
The public-private partnership distributing the COVID vaccines is in the starting blocks. Planning is almost done. Now it’s time to execute the race once the FDA says the drugs are safe for public use.
The railway has started reaching out to First Nations groups and the broader public to share its plan.
Author Robert Jacobson describes how Main Street investors today can invest in the space-related logistics of tomorrow.
Cold storage warehouse operator RLS Logistics advances growth initiative with the announcement of plans for a new facility serving New England.
Firm to create two independent companies with each trading on the NYSE.
Expansion includes an 855,000-square-foot fulfillment center in North Las Vegas.
FedEx goes beyond partnerships to swallow e-commerce platform provider.
Walmart ends the minimum order requirement for shipping benefits on Friday.
Automation, optimization and location are all key in making warehouses function more sustainably.
Penske Logistics plans to acquire Black Horse Carriers, a Chicago-based trucking company with more than 2,000 vehicles and 4,000 employees.
Cold storage heavyweight Lineage Logistics announces the acquisition of Poland’s largest temperature-controlled storage and logistics provider, Pago.
A November supply chain survey shows the rates at which transportation capacity is shrinking and pricing is climbing are increasing.
A top general in the Canadian Armed Forces will oversee Canada’s COVID-19 vaccine distribution efforts as questions mount over timetable and logistics.
AIT Worldwide Logistics expands its global operations with the acquisition of final-mile white-glove specialist Panther Logistics.
On this week’s Drilling Deep podcast, Thomas LaSalvia of Moody’s Analytics REIS looks at the market for warehouse space additions being driven by the growth in e-commerce. And he finds […]
Nuvocargo’s meteoric growth continues with four new hires aimed at expanding the company’s global reach.
J.B. Hunt Transport Services announces several changes to the executive roster on Tuesday, including the appointment of John Kuhlow as the company’s permanent chief financial officer.
1992: Textiles and trucking are among industries with the most at stake in the North American Free Trade Agreement.
The adviser overseeing Operation Warp Speed said distribution of the first COVID-19 vaccines could begin as soon as Dec. 11.
The room is part of a $650,000 upgrade of the unit’s San Juan complex.
1998: The Surface Transportation Board has approved the division of Conrail between Norfolk Southern and CSX, which will be left in control of most railroad traffic in the eastern half of the United States.
Landstar System inches its fourth-quarter expectations higher but cautions that this trucking cycle may not be different from those in the past.
Holiday orders will be spread evenly throughout cycle, CEO says.
A Prologis research report highlights the ways warehouse automation is easing the growing pains of e-commerce.
Former Bethlehem Steel plant site at Sparrows Point, Maryland, attracts shippers and 3PLs to build Northeast distribution centers.
“We do not believe that the digital broker is ultimately going to replace those traditional brokerages.”
Pricing and delivery bundle will be tough for traditional pharmacies to match, consultant says.
EPS reported above analysts’ consensus.
It’s the logistics, stupid — to borrow a phrase from former President Bill Clinton — when it comes to getting vaccines down to the local pharmacy level.
The Canadian government prequalified FedEx Canada, UPS Health Care, McKesson and Kuehne + Nagel to bid on a contract to distribute millions of COVID-19 vaccine doses.
Being an ‘honest broker’ in Washington is the road to success, Reinke says, based on her years at CSX
Air cargo carrier names Yulia Celetaria health care director and forms vaccine task force.
Pop-up DCs expected to handle 30% of Walmart’s U.S. peak-season volumes.
More than 200 breeder hogs were flown this week from St. Louis to Sao Paulo. Midwestern airport hopes it is the beginning of more livestock exports.
Chris McMillin of AIT Worldwide Logistics applauds the logistics industry for its greater acceptance of new technologies. He urges companies to continue the trend.
E-commerce fulfillment provider Transportation and Logistics Systems announces plans to acquire delivery and warehousing company Cougar Express.
FedEx Express will hire more than 6,500 employees across Mexico by the end of the year.
FreightWaves Classics will present articles about key events, companies,, organizations, etc. from the history of transportation, logistics, supply chain and freight.
European 3PL says integration with e-commerce marketplaces strengthens activity with American online retailers and shoppers.
Freight forwarder guides customers through online shopping shift and transport capacity choke points.
Developer’s scale designed to make life easier, less expensive for warehouse customers.
Radiant Logistics uses cost savings to offset demand declines from COVID-19. The fiscal first quarter sees debt decline further as acquisitions remain on the table.
In this Fuller Speed Ahead episode for FreightWaves LIVE @HOME, Steve Hackney, head of solutions engineering at Front, talks about how technological tools to improve workflow can not only reduce cluttered in-boxes but establish more personal connections with prospective customers.
Digital brokerage increased revenue, EBITDA
Executives from Horizon Fitness, Estes Forwarding Worldwide and The DDC Group talk during FreightWaves LIVE @HOME about keeping up with the trend of online ordering and home delivery.
Business “rebounded dramatically” in the quarter, Jacobs says.
No more need to build information technology from the ground up when available cloud-based solutions can cheaply and efficiently modernize a trucker’s operation, experts tell the FreightWaves LIVE @HOME audience.
A comfortable merger still requires managing change and making parts fit as technology races ahead, says Trinity Logistics President Sarah Ruffcorn
ArcBest CEO Judy McReynolds talks about the company’s customer service model and how it has helped them thrive throughout the pandemic at FreightWaves LIVE @HOME on Thursday.
Leveraging more advanced data accuracy tools and processes, shippers and CPGs achieve a higher level of on-time performance by making more informed decisions in real time.
Major companies in the transportation and logistics world have taken interest in Canada’s massive undertaking to distribute millions of COVID-19 vaccine doses.
The CEO and co-founder of cross-border digital freight marketplace Forager discusses the sometimes-tricky process of courting investors.
The need for industry knowledge and strong connections has become key to competing in the crowded logistics venture capital arena.
Longtime MODE Transportation President and CEO Jim Damman is appointed chairman of the company.
Shipwell CEO Greg Price explains during FreightTech Venture Summit the importance of winning over venture capitalists at the onset of presenting your idea.
TRUX, the leader in dump truck logistics technology, is the latest member of the Blockchain in Transport Alliance (BiTA). Read why.
A survey of supply chain executives shows transportation capacity declines at a slower pace in October. The logistics industry continues to experience “rapid” growth.
Logistics provider ArcBest is experiencing some of the strongest tonnage trends in the company’s history. The year-over-year comparisons turned positive in August and have continued to climb.
Expeditors sees drop in air, ocean moves but net income climbs
Landstar System announced that its CFO was stepping down immediately. President and CEO Jim Gattoni will act as the company’s CFO on an interim basis until a replacement is found.
Logistics provider ArcBest beats third-quarter expectations by 50%. Improved demand and cost management drive the result.
In its comments to FMCSA, 3PL trade association says provisions that allow disclosure of data from brokers to carriers were for different era and seeks end to rule
Initially, ITG’s impulse was to build its own IT infrastructure and software tools.
DispatchTrack optimizes routes and delivery schedules for its clients, which enhances their customer delivery experience.
Alibaba is challenging Amazon on many fronts, including logistics. It’s now handling import/export operations in South Korea.
USA Truck’s third-quarter performance was something management had been foreshadowing for the last few quarters. They were adamant that earnings would improve if the market would cooperate.
Envase Technologies platform will expand its presence in Canada with the acquisition of TMS provider Tailwind Transportation Software.
Olsavsky says transport spending is in a multiyear ramp-up as the company posts solid third-quarter results.
Hub Group sees a strong demand environment continuing as most of its customers are operating with lean inventories. The company expects tight freight fundamentals to create a favorable rate environment in 2021.
The e-commerce retail and logistics giant’s bottom line is healthier than ever.
The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the announcement of a $2 special dividend.
Schneider National announces a $2 special dividend answering the mounting questions around the carrier’s future cash deployment. After the $355 million payment, the company still has ample cash to pursue other initiatives.
The Defense Department, the biggest logistics organization in the world, is putting its expertise to work developing a strategic plan for efficiently delivering a COVID vaccine to every corner of the country.
Would a requirement to automatically disclose information to carriers run afoul of confidentiality clauses?
Higher U.S. operating costs take center stage in discussion of company’s outlook.
A half-dozen basic physical characteristics of ocean containers should be considered before shippers or their packers stuff them.
Revenue climbs to more than $21 billion, a near 16% gain.
A former Ingram Micro executive to run the $3.2 billion enterprise logistics and brokerage firm.
Seven questions for TrophySmack’s Matt Walsh about having a diversified fulfillment strategy.
Svitzer, Alvys, Blue Ridge, Duluth Seaway and Bureau Veritas announce appointments.
While EDI is a standardized way of data transfer, API provides flexibility and allows companies to customize and call the data sets that they want whenever they want.
State’s suit to compel adherence to the law gets a boost; expensive campaign to allow ride-share drivers to remain independent contractors heads toward the finish line
As the temperature-controlled supply chain continues to call for greater transparency to ensure food safety, Penske Logistics welcomed the opportunity to ensure its cold chain operations were the gold star in the industry.
“Inside the Four Walls of Cold Chain Mobility” was the topic of a virtual fireside chat at the FreightWaves Cold Chain Summit.
Valuations are high and going higher heading into 2021, experts say at Armstrong conference.
Supply chain solutions technology provider Manhattan Associates sees favorable long-term tailwinds as multichannel retail delivery expands.
ZUUM brings shippers, brokers and carriers together to create synergy by resolving the fragmentation in technology adoption, data and capacity.
Management from truck broker Landstar sees no near-term letup in tight truck market fundamentals. The company’s fourth-quarter guidance brackets its EPS record set in the fourth quarter of 2018.
