Supply Chain Technology Leads M&A Wish List
A flurry of recent investments and merger and acquisition activity suggests 2018 could be an active year for purchases in third-party logistics and for technology firms that provide usable data and an open view of the supply chain.
March 28, 2018FedEx Reports Solid Quarter, Expands Walmart Deal
FedEx Corp. reported results for its fiscal third quarter ending Feb. 28, with net income of $2.1 billion, or $7.59 earnings per share, compared with $562 million, or $2.07 a share, in the same period in 2017.
March 20, 2018Tonnage Robust as Demand for Trucks Grows
Truck tonnage in February was up nearly 6% compared with February 2017, according to American Trucking Associations’ monthly for-hire truck tonnage index. Tonnage is up 7.1% year-to-date, compared with the same two months in 2017.
March 20, 2018Los Angeles, Long Beach Turn Times Drop as Cargo Volume Grows to February Record
Truck drivers took seven minutes less, on average, to enter and exit the two large Southern California ports in February compared with the same period a year ago.
March 20, 2018Acquisitions Drive Daseke Revenues Higher
Daseke Inc. reported a much-improved fourth quarter 2017 over the same period the year before, driven in part by seven acquisitions it made in 2017.
March 19, 2018Driver Turnover Rates Down in 4Q
Driver turnover rates fell at the end of 2017 as tonnage volume rose and trucking firms focused on a mix of pay increases, sweetened benefits and other inducements to recruit and retain drivers.
March 19, 2018Drivers Saw Modest Pay Raise in 2017
A study of nearly 20,000 truck company owner-operators found that the drivers on average earned a little more money in 2017 while driving slightly fewer miles. However, pay varied depending on what segment the driver worked: dry-van, refrigerated, flatbed or as an independent who worked in one or more segments.
March 15, 2018Old Dominion Names Greg Gantt CEO
Less-than-truckload carrier Old Dominion Freight Line Inc. will soon have a changing of the guard.
March 14, 2018Waymo Autonomous Trucks Haul Freight in Atlanta
It’s getting to be a traffic jam. Alphabet Inc.’s autonomous vehicle division Waymo began this month operating an autonomous freight truck in the Atlanta area, carrying server equipment, racks and related material to Google data centers.
March 14, 2018Pulse System Monitors Package Delivery on the Last Mile
Last-mile delivery problems by package delivery firms have propelled the development of an artificial intelligence-based software system designed to help merchants track their packages along the last mile and fix problems before they touch customers.
March 13, 2018