FedEx May See Lackluster Results Lingering Into Next Year
FedEx Corp.’s pains are far from over. Expectations from its upcoming fiscal fourth-quarter results already have hit rock bottom, and now analysts say its entanglement in the prolonged U.S.-China trade war may dampen the outlook for the next year as well.
June 20, 2019Lazer Spot Makes First Acquisition, Buys Assets of Mesko Spotting Service
Lazer Spot Inc. moved to expand its distribution center yard management services by purchasing assets of Mesko Spotting Service Inc., a rival company based in Allentown, Pa., for an undisclosed amount.
June 20, 2019Idaho Cold Food Storage Facility Design Will Cut Loading, Unloading Time
The tallest building in Burley, Idaho, contains millions of pounds of frozen french fries and other potato products. At 14 stories, it’s one of the largest cold storage facilities in the country.
June 19, 2019Shopify Sets Up Fulfillment Network in US, Just Like Amazon
Shopify Inc. plans to spend $1 billion to set up a network of fulfillment centers in the United States to help merchants using its e-commerce platform deliver products more quickly and cheaply, much the way Amazon.com does.
June 19, 2019US Logistics Costs Rise 11.4% in 2018, Report Says
Businesses spent $1.64 trillion on transportation and logistics services in the United States in 2018, a jump of 11.4% from the prior year, as companies retooled supply chains in response to the growth in online sales and tight capacity drove up freight rates.
June 19, 2019Perspective: The Movement of Goods Can Be Eased by Technology
Companies must consider tools that can improve control over the distribution process and maximize efforts that contribute to the bottom line, says Brian Hodgson of Descartes Systems Group.
June 19, 2019Amazon Adds Planes to Shipping Fleet to Speed Up Prime Deliveries
Amazon.com is adding 15 aircraft to its shipping fleet in an effort to speed up delivery to customers’ doors.
June 19, 2019Arrive Logistics Raises $25 Million for Expansion
Freight brokerage company Arrive Logistics announced June 18 that it has raised an additional $25 million for expansion.
June 19, 2019Maryland, CSX and Port of Baltimore Cooperate to Rebuild Critical Tunnel
The Port of Baltimore and officials for the state of Maryland as well as railroad CSX Corp. are seeking federal help to rebuild the nearly 125-year-old Howard Street Tunnel, which, they say, is symptomatic of the nation’s crumbling infrastructure and is significantly slowing freight traffic.
June 17, 2019Fidelitone Expands Fulfillment Service With Purchase of Remar
Fidelitone, a Wauconda, Ill.-based warehousing and distribution firm, is expanding its order fulfillment services with the purchase of Remar Inc., the company announced June 5.
June 17, 2019