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Logistics News
Business, Technology, Logistics, Autonomous, Top 100

UPS Sees Payoff From $20 Billion Tech Bet, but Investors Remain Wary

UPS Inc. is counting on algorithms you can’t see to prove that investors were wrong to doubt its three-year, $20 billion technological makeover. It’s all part of CEO David Abney’s bet on squeezing out costs and becoming more nimble as UPS adjusts to surging e-commerce deliveries.

Thomas Black | Bloomberg News
April 23, 2019
Government, Business, Logistics

ATA For-Hire Truck Tonnage Index Slips in March

American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index in March declined 2.3% after decreasing 1.5% in February.

Dan Ronan | Senior Reporter
April 23, 2019
Business, Logistics

Kohl’s Surges on Deal to Expand Amazon Ties in Return Policy

Kohl’s Corp. shares jumped the most in almost four months after the company said it will begin accepting returns for Amazon.com customers at all of its stores starting in July, expanding a program it started in 2017.

Lisa Wolfson | Bloomberg News
April 23, 2019
Government, Business, Technology, Logistics, Autonomous

Alphabet’s Drone Delivery Business Cleared for Takeoff by FAA

An offshoot of Alphabet Inc.’s Google has become the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin dropping products to actual customers.

Alan Levin | Bloomberg News
April 23, 2019
Business, Technology, Logistics, Top 100

Cameron Ramsdell to Lead Newly Formed U.S. Xpress Ventures

U.S. Xpress Enterprises Inc. announced it established U.S. Xpress Ventures, a business unit focused on developing and implementing new asset-based business models and technology strategies within the company. It named Cameron Ramsdell president of the new unit.

April 23, 2019
Business, Logistics, Top 100

Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall

Celadon Group Inc. is selling its Celadon Logistics brokerage and third-party logistics subsidiary in a $60 million deal that helps advance the Indianapolis-based company’s plan to shore up its business in the wake of accounting troubles that date back several years.

Jim Stinson | Staff Reporter
April 22, 2019
Business, Logistics, Top 100

Heartland Express Continues to Post Profit Improvement

Heartland Express Inc. reported another quarter of profit improvement despite a weakening freight environment and bad weather in the first quarter of 2019.

Daniel P. Bearth | Staff Writer
April 22, 2019
Business, Technology, Logistics

Convoy Launches Go Marketplace for Preloaded Trailers

Convoy, a trucking network and platform based in Seattle, launched Convoy Go, a marketplace that allows any carrier or owner-operator in the United States to start hauling preloaded trailers and to operate at the same level as large asset-based carriers, according to a company news release April 18.

April 22, 2019
Business, Logistics, Top 100

Roadrunner Board Nominates Donald Brown, Christopher Jamroz

Roadrunner Transportation Systems Inc.’s board of directors has nominated Donald Brown and Christopher Jamroz for election to the board at its annual meeting to be held May 22.

April 22, 2019
Business, Technology, Logistics

Investors Pour More Money Into Warehouse Tech Startups

Flowspace, a technology firm that helps businesses manage warehousing and fulfillment services, received $12 million in funding from an investment group led by Canvas Ventures.

Daniel P. Bearth | Staff Writer
April 18, 2019
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