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.
December 17, 2020![Image](/sites/default/files/images/logos/top_50_logistics_2.png)
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On the Bubble
FedEx Reports Record FY Q2 Net Sales of $20.5 Billion
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, 2020EV 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.
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.
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.
COVID Drives Trucking Industry Consolidation
The economic fallout from the impact of the coronavirus pandemic has prompted a number of carriers to consolidate.
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, 2020First 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, 2020Drones Could Help Bridge the Economic, Social Divides for Vaccine Distribution
The challenge of ensuring equitable distribution of the coronavirus vaccine is one of global scale, and the city of Miami provides a backdrop for the social and economic divides that the medical community must overcome.
Trucks Carry First Doses of COVID-19 Vaccine to Hospitals Across the US
As the first doses of a COVID-19 vaccine begin to ship, trucking experts on the ground level of the distribution effort said the logistical elements are in place for a successful rollout of an estimated 50 million doses of the vaccine between now and the end of January.