Ford’s Global Cost Purge Hits Europe With Thousands of Job Cuts
Ford Motor Co. said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years.
January 10, 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.
Fiat Chrysler Said to Settle Civil Suit on Diesel-Emissions Violations
Fiat Chrysler Automobiles NV will pay hundreds of millions of dollars to settle a lawsuit brought by the U.S. Justice Department, which alleged some of its diesel-powered vehicles violated clean-air rules, a person familiar with the matter said.
January 10, 2019Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business
Shareholders of Roadrunner Transportation Systems, who have seen the value of their holdings plummet following a finance scandal that led to the dismissal of several top executives more than a year ago, are being given a chance to buy more stock — 900 million shares to be exact — at 50 cents a share as part of an effort by new management to recapitalize the business.
January 9, 2019J.B. Hunt Moves Aggressively Into Final-Mile Sector With Purchase
In an effort to strengthen its position in the growing final-mile trucking sector, J.B. Hunt on Jan. 8 announced it is purchasing Cory 1st Choice Home Delivery for $100 million.
January 9, 2019Teamsters Exchange Contract Proposals with YRC, Holland and New Penn
After working for eight years under a series of contract extensions, less-than-truckload carrier YRC Freight and its two regional operations have opened contract negotiations with the International Brotherhood of Teamsters.
January 9, 2019Crowley Launches Second LNG Cargo Vessel
Taino’s arrival gives Jacksonville a fourth cargo ship powered by natural gas for Puerto Rico shipments, putting the port at the vanguard in using a fuel source that only recently became tried and tested in cargo ships. Jacksonville-based Crowley Maritime owns two of the ships.
January 9, 2019TransForce Acquires Drive360 Logistics
TransForce Inc., a Virginia-based recruiting and employment solutions provider specializing in quality commercial truck drivers, has acquired Drive360 Logistics.
January 9, 2019Fleets Reap Riches by Expanding Into Last-Mile Service
Truck driver Justin Osborne pulled up to a house in the Dallas suburbs last month and started unloading an oven, a dishwasher and a microwave. His mission: Help J.B. Hunt Transport Services Inc. win the battle for new delivery riches spurred by e-commerce.
January 9, 2019Retailers Turn to Logistics Providers to Help Manage Returns Process
For online retailers, one of the challenges with the reverse logistics process is knowing what to do once items are returned. Some products could be returned to a finished goods warehouse whereas defective ones could go to a location to refurbish or recycle the product.
January 8, 2019Logistics Companies Aim to Ease Returns, Keep Costs Low Amid E-Commerce Rise
As the continued rise of e-commerce increases the number of product returns, retailers and shippers are working to ease the returns process to boost customer satisfaction. They’re doing so by turning to logistics providers for technology and services that can optimize their reverse logistics networks and keep costs low.
January 8, 2019