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Business, Logistics, Top 100

FedEx Closes Hong Kong Crew Base Amid Stricter COVID Rules

FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.

Kyunghee Park | Bloomberg News
November 17, 2021
Business, Technology, Logistics, Top 100

Amazon Brand Owner Heyday Raises $555 Million in Funding Round

Heyday, a platform that buys and builds consumer brands that sell on Amazon .com Inc., raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm.

Crystal Tse | Bloomberg News
November 16, 2021
Business, Top 100

Walmart Boosts Outlook as Sales Rise Despite Inflation

Walmart Inc. surpassed Wall Street’s expectations and lifted its outlook again, signaling that the retail giant is weathering global supply chain snarls and rising inflation.

Brendan Case | Bloomberg News
November 16, 2021
Business, Top 100

Tyson Foods’ Earnings Beat Estimates on Soaring Meat Prices

Tyson Foods Inc., the top U.S. meat company by sales, reported better-than-expected earnings as surging prices for beef and chicken helped to offset a decline in volumes amid a tight labor market.

Michael Hirtzer | Bloomberg News
November 15, 2021
Business, Equipment, Safety, Top 100

Winter Preparedness for Fleets Starts Long Before the Cold Arrives

As preparedness is the best defense against the rough elements, winterizing vehicles is an essential part of maintenance and safety.

Hilary Daninhirsch | Special to Transport Topics
November 15, 2021
Government, Business, Technology, Safety, Logistics, Top 50, Top 100

J.B. Hunt Execs Say Mandate Issues Extend Beyond Drivers

The question of how a federal vaccine mandate might affect transportation workers other than truck drivers must be considered amid broader discussion of the proposal, an industry executive said at a recent event.

Connor D. Wolf | Staff Reporter
November 12, 2021
Government, Business, Safety, Top 100

Werner CEO Voices Concern Over Vaccine Mandate

Werner Enterprises CEO Derek Leathers during a recent event said that while his company is encouraging staff to get a COVID-19 vaccination, he noted the nature of the work in trucking — and of the workforce itself — suggests a vaccination mandate is not an ideal path.

Connor D. Wolf | Staff Reporter
November 12, 2021
Business, Logistics, Top 100

Strong M&A Market Continues

Trucking is continuing to see an active mergers and acquisitions market with several deals recently announced.

Connor D. Wolf | Staff Reporter
November 10, 2021
Business, Logistics, Top 100

TFI Reports 124% Jump in Revenue for Q3

TFI International saw adjusted net income increase 59% during the third quarter of 2021, the company reported Oct. 28.

Connor D. Wolf | Staff Reporter
November 8, 2021
Business, Logistics, Top 100

Revenue Rises, Profit Drops for Mullen Group in Q3

Canadian carrier Mullen Group Ltd. reported record revenue but saw profits decline in the third quarter.

Jerry Hirsch | Contributing Writer
November 5, 2021