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Logistics News
Business, Logistics

Siemens Explores Fresh Attempt to Sell Logistics Unit

Siemens AG, Europe’s largest engineering company, is exploring a fresh attempt to sell its postal and airport logistics unit, according to people familiar with the matter.

December 18, 2020
Business, Logistics, Top 100

Coca-Cola to Lay Off 2,200 Workers as it Pares Brands

The Coca-Cola Co. said Dec. 17 it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands.

Dee-Ann Durbin | Associated Press
December 18, 2020
Business, Logistics, Top 50, Top 100

FedEx Reports Record FY Q2 Net Sales of $20.5 Billion

The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.

Dan Ronan | Senior Reporter
December 17, 2020
Business, Technology, Fuel, Logistics, TCA

Lordstown Motors, Camping World Team Up on EV Network

Lordstown Motors and Camping World will partner on a national electric-vehicle service and collision network for Lordstown Motors vehicles.

December 17, 2020
Business, Technology, Equipment, Fuel, Logistics

EV Startup Canoo Fast-Tracks Launch of Commercial Delivery Van

Electric vehicle startup Canoo Holdings Ltd. is talking up the commercial vehicle sales part of a business model that has attracted more attention for its planned consumer-subscription service.

Ed Ludlow | Bloomberg News
December 17, 2020
Business, Technology, Logistics

Airfreight Booking Site Cargo.one Receives $42 Million in Funding

Cargo .one, which operates an online system for airfreight booking, raised $42 million from investors after the COVID-19 crisis helped to drive new business.

Siddharth Philip | Bloomberg News
December 17, 2020
Government, Business, Logistics

Amazon Alabama Workers Get Chance for First-in-US Union

Amazon .com Inc. workers at an Alabama warehouse were given the go-ahead by federal regulators to vote on whether to form what would be the first union at a U.S. facility of the e-commerce giant.

December 16, 2020
Business, Logistics

COVID Drives Trucking Industry Consolidation

The economic fallout from the impact of the coronavirus pandemic has prompted a number of carriers to consolidate.

Connor D. Wolf | Staff Reporter
December 16, 2020
Business, Technology, Fuel, Logistics

CEO of Arrival Aims to Make Electric Buses, Vans in Microfactories

Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.

December 16, 2020
Government, Business, Safety, Logistics

First Hiccups Seen in US Push to Deliver COVID-19 Vaccine

The first hiccups in the distribution of a COVID-19 vaccine in the U.S. included a holdup in delivering 3,900 shots to two states and the announcement that Pfizer Inc. would deliver almost a million fewer doses next week than are set to ship this week.

December 16, 2020
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