Electric aircraft such as drones could account for 30% of same-day package deliveries by 2040 as network scale dramatically brings down costs, according to L.E.K. Consulting.
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Extras
Electric Aircraft Demand Seen Growing for Deliveries
Amazon Sues N.Y. Attorney General, Claiming Excessive COVID Demands
Amazon .com Inc. is suing the New York State attorney general, arguing that she’s exceeding her authority in seeking to penalize the company for alleged failures in its pandemic safety protocols and treatment of workers at New York City warehouses.
Forward Air Revenue Increased While Income Declined for Q4
Forward Air Corp. reported record fourth-quarter revenue but a decline in net income.
Illinois Launches Program to Promote Supply Chain Management Training
Illinois officials and the Association for Supply Chain Management have partnered to launch a job-training program.
Ryder Reports Q4 Improved Earnings
Ryder System Inc. on Feb. 11 reported fourth-quarter net income of $25.6 million, or 48 cents per share, compared with a loss of $53.5 million, or loss of $1.02, in the same period a year ago.
Biden Team Pledges Aggressive Steps to Address Chip Shortage
The Biden administration is working to address the global semiconductor shortage that has caused auto manufacturers and other U.S. industries to halt production, a White House official said.
XPO Reports Highest Quarterly Revenue Ever at $4.67 Billion
XPO Logistics Inc. posted better-than-expected earnings and its highest-ever quarterly revenue for the fourth quarter of 2020.
A.P. Moller-Maersk Reports Rebound in Business
The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Feb. 10 reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic.
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February 10, 2021TFI Posts Increases in Profit, Revenue in Q4
TFI International Inc. reported an increase in both profits and revenue in the fourth quarter as it works toward completion of its acquisition of UPS Freight, the less-than-truckload and dedicated truckload divisions of UPS Inc., later this year.