Stamps.com Inc. shares surged Aug. 8 after the company raised the midpoint of its yearly forecast, easing some investors’ worst fears.
August 9, 2019Extras
Stamps.com Stock Soars on Forecast Improvement
Americold Reports Lower Net Income, Higher Revenue
Americold Realty Trust, one of the world’s largest logistics companies focusing on temperature-controlled warehouse facilities, on Aug. 8 reported second-quarter net income dropped to nearly $4.9 million from $29.4 million in 2018, an 83.3% decrease.
Experts to Dissect Industry Trends, Insights at ATA Economic Summit
Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September.
Uber Freight Partners With TMS Company MercuryGate
Uber Freight announced a partnership with MercuryGate, an independent transportation management service provider.
August 8, 2019Amazon-FedEx Split Sets Battle Lines in E-Commerce Delivery Feud
FedEx Corp.’s retreat from handling packages for Amazon.com Inc. signals that the lines are being drawn in the battle over surging e-commerce shipments.
Lyft Gains as Analysts Say Results May ‘Win Over Skeptics’
Lyft Inc.’s second-quarter results blew past market estimates and won accolades from Wall Street, as analysts said they now see a clearer path to profitability and a “more rational competitive environment.”
Roadrunner to Focus on 3PL, LTL After Net Losses in 2Q
Roadrunner Transportation Systems Inc. will narrow future operations to logistics and less-than-truckload after a disappointing second quarter, company officials said in an Aug. 7 news release.
As China Halts US Soy Purchases, ‘Unknown’ Buyers Step Up
While China announced it has halted imports of American soybeans, a mysterious buyer has stepped up. The U.S. Department of Agriculture announced Aug. 7 a sale of 165,000 metric tons of the oilseed to “unknown destinations.”
World Economy Edges Closer to Recession as Trade Woes Spread
The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.
FedEx Ends Ground-Delivery Deal With Amazon
FedEx Corp. is ending its ground-service delivery contract with Amazon.com, a sign the delivery giant is pulling away from the largest U.S. e-commerce company and focusing on other clients in the market, such as Walmart and Walgreens.