$2 Billion Invested in Trucking Tech Firms So Far in 2019
Trucking technology firms are raking in cash as investors look to get in on a hot industry and capitalize on a U.S. economy that remains strong.
May 21, 2019Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
XPO Shareholders Vote Down Teamster Plan to Split CEO, Chairman Roles
A union proposal to separate the CEO and chairman positions at XPO Logistics Inc. was defeated in a May 15 vote by the company’s shareholders, who instead extended the chairmanship of XPO’s current leader.
May 21, 2019Home Depot Results Mixed as Wet Weather, Calendar Shift Weigh on Shares
The Home Depot Inc. failed to fully rebound from a lackluster end to last year, with the company saying a calendar adjustment added to the drag from wet weather. Tariffs also weighed on the stock, with the company saying that a recent increase in duties isn’t included in its guidance.
May 21, 2019Approval of Amazon Air Cargo Complex in Lakeland, Fla., Gets Mixed Reception
City commissioners are excited to sign a deal with Amazon to build an air cargo facility at Lakeland’s airport. Residents were less enthusiastic.
May 21, 2019Supreme Court Rejects UPS Appeal That Postal Service Should Raise Delivery Rates
The U.S. Supreme Court turned away a UPS Inc. appeal that aimed to force the U.S. Postal Service to raise its prices for delivering packages.
May 20, 2019Amazon Proposes Airfreight Hub in Florida
LAKELAND, Fla. — Amazon is looking to make a more than $100 million investment in Lakeland.
May 17, 2019Rockford Airport to Add 500 Jobs
ROCKFORD, Ill. — A $9 million federal grant will pay for expanded parking for cargo jets at Chicago Rockford International Airport, where the nation’s 22nd-busiest airfreight hub soon will add 500 jobs.
May 16, 2019Maine Highway Agencies Aim to Ease Traffic Woes During I-95 Construction
Maine’s two highway agencies launched a rare coordinated public information campaign May 15 in an effort to ease the impact that two construction projects less than 9 miles apart on a busy stretch of Interstate 95 will have on traffic.
May 16, 2019Spot Rates for Vans, Reefers Slip in April
April saw strong volumes and abundant capacity in spot market truckload freight, according to DAT Solutions’ monthly report.
May 16, 2019Amazon Jumps Into Freight Brokerage
Amazon.com has jumped into the market of the third-party logistics broker, roiling the waters and raising concern that the Seattle-based e-commerce giant could disrupt the freight industry forever and indelibly.
May 16, 2019