FedEx Chief Cites Investment, Integration, Innovation as Driving Record Results
FedEx chief Frederick Smith’s annual letter to shareholders credits three I’s — investments, integration and innovation — for exceptional results in fiscal 2017 and the promise of even better future performance.
August 16, 2017DHL, Ford Unveil Jointly Made Electric Delivery Van
Deutsche Post DHL Group and automaker Ford have unveiled a jointly manufactured electric delivery van amid growing demand for emission-free utility vehicles.
August 16, 2017Maersk Says June Cyberattack Will Cost It Up to $300 Million
A.P. Moller-Maersk A/S said a cyberattack that hit the owner of the world’s biggest container shipping company at the end of June will wipe as much as $300 million off profits in the third quarter.
August 16, 2017TMW Unveils Software That Calculates Precise ETA
NASHVILLE, Tenn. — TMW Systems has launched a trip planning tool that automatically calculates estimated time of arrival by pulling together the vehicle’s position, the driver’s available hours of service and current and historical traffic patterns.
August 16, 2017Housing Starts Fell in July on Apartment Building Slowdown
U.S. housing starts stumbled in July on an abrupt slowdown in apartment construction and a modest decline in single-family homebuilding that shows the industry will do little to spur the economy, Commerce Department data showed Aug. 16.
August 16, 2017The World’s Shipping Companies Are Going Super-Sized
A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis - the bankruptcy of South Korea’s Hanjin Shipping Co.
August 16, 2017TMW, PeopleNet Say Better Connectivity Needed to Meet Demands of E-Commerce
NASHVILLE, Tenn. — As the growth of e-commerce continues to reshape the supply chain, transportation providers will need to become increasingly connected with their trucks, drivers and freight to keep pace with shippers’ demands, TMW Systems and PeopleNet executives said.
August 16, 2017Trailer Orders Soar Again in Usually Weak July, Topping 14,000
Trailer orders in July jumped 41% year-over-year, supported by demand for dry vans and flatbeds.
August 16, 2017Cummins, Eaton Offer New SmartAdvantage Powertrain
Cummins Inc. and Eaton Corp. announced their latest model SmartAdvantage Powertrain combination that will be available in October.
August 16, 2017Trump Predicts Democrats Will Support Infrastructure Funding Plan
After issuing an executive order to streamline the permitting process for construction projects, President Trump expressed confidence that his yet-to-be unveiled long-term infrastructure funding plan would gain bipartisan backing on Capitol Hill.
August 15, 2017