Fleets, Maintenance Shops Eye 24-Hour Service to Enhance Driver Productivity
Fleets find that by performing their own repairs, they can better control repair and wait times, and going commercial enables them to offset costs. Repairs can happen quickly while drivers are at home during their off-duty hours, making it a recruiting and retention tool.
February 20, 2019FedEx Names Raj Subramaniam New President, COO
FedEx Corp. is elevating Raj Subramaniam to the position of president and chief operating officer in the wake of the departure of David Bronczek, who the company said is making a “personal decision” to retire.
February 15, 2019George Soros Cuts Stake in Agriculture Giant ADM
Billionaire George Soros has cut his holdings in agriculture giant Archer Daniels Midland Co. by more than half as the company contends with sluggish commodity markets amid the U.S.-China trade war.
February 15, 2019Pepsi Soothes Investors With Sales Growth, Plans for Payouts
PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year.
February 15, 2019XPO Logistics Reports Disappointing Earnings
XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.
February 14, 2019Class 8 Sales Jump 39.7% in January
Daimler Trucks North America rode its Freightliner brand to a nearly 50% market share of U.S. Class 8 retail sales in January as volume industrywide cleared 20,000 units, WardsAuto.com reported.
February 14, 2019FedEx Logistics Announces Headquarters Move
FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.
February 13, 2019Fleets Offer Salaries, Other Pay Models to Retain Drivers Amid Labor Shortage
Cents per mile remains the dominant form of pay in the for-hire truckload sector, but its dominance is not as strong as it once was as fleets embrace alternative pay models that take cyclicality out of driver pay. Fleets that have implemented new payment methods said drivers appreciate the steady income.
February 13, 2019Federal Framework on Autonomous Vehicles Policy Essential, UPS Executive Says
WASHINGTON — Nationwide policy for autonomous cars and trucks has the potential of facilitating the flow of freight while improving safety, according to a senior executive at UPS Inc. on Feb. 12.
February 13, 2019New England Motor Freight Shutdown Shakes Less-Than-Truckload Freight Market
In a move sure to shake up the regional less-than-truckload freight market in the Northeast and Mid-Atlantic states, New England Motor Freight filed for bankruptcy Feb. 11 and said it intends to wind down all of its trucking operations.
February 12, 2019