XPO Finishes Acquisition of Kuehne + Nagel’s European Logistics
XPO Logistics has completed its acquisition of the majority of Swiss firm Kuehne + Nagel’s European logistics, the company announced Jan. 4.
January 4, 2021FedEx Completes Acquisition of ShopRunner
FedEx Corp. announced Dec. 28 that it has completed its acquisition of ShopRunner, marking an expansion of the company’s e-commerce footprint.
December 28, 2020Moderna Vaccine Distribution Begins Via FedEx, UPS
Initial shipments of the second COVID-19 vaccine authorized in the U.S. left a distribution center Dec. 20, a desperately needed boost as the nation works to bring the coronavirus pandemic under control.
December 20, 2020J.B. Hunt Adds Temperature-Controlled Services to Tech Platform
J.B. Hunt Transport Services Inc. announced the availability of temperature-controlled transportation services within its Shipper 360 by J.B. Hunt technology platform.
December 18, 2020Coca-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.
December 18, 2020FedEx 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.
December 17, 2020Trucks 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.
December 15, 2020UPS, FedEx Trucks Begin Vaccine Shipments
KALAMAZOO, Mich. — The first shipments of a COVID-19 vaccine for widespread use in the United States headed Dec. 13 from Michigan to distribution centers across the country, with the first shots expected to be given in the coming week to health care workers and at nursing homes.
December 13, 2020YRC Loan Profitable for Treasury, Mnuchin Says
Treasury Secretary Steven Mnuchin told a congressional oversight committee that the federal government has made money on a $700 million loan it extended to YRC Worldwide under a coronavirus relief package for businesses that were deemed essential in fighting the pandemic.
December 10, 2020Transportation Management Technologies Reach Inflection Point
A series of trends and technological advancements is driving change with transportation management systems at an unprecedented pace, according to carriers and TMS providers.
December 10, 2020