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Business, Technology, Logistics

DoorDash’s 86% Jump Adds to Blistering Year for Unicorn IPOs

A DoorDash delivery bag sits on the floor inside a Washington, D.C., restaurant on March 26. Andrew Harrer/Bloomberg News

Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.

Crystal Tse and Katie Roof | Bloomberg News
December 9, 2020
Government, Business, Safety, Logistics, Top 50, Top 100

FedEx, UPS Tell Senators of Vaccine Distribution Readiness

FedEx and UPS airplanes FedEx and UPS executives were asked about logistical plans regarding COVID-19 vaccines by the Senate Transportation and Safety Subcommittee. (Left: FedEx Corp.; Right: John Sommers II for Transport Topics)

Two of the country’s largest freight firms reassured federal lawmakers of their preparedness in helping to deliver COVID-19 vaccines as early as this month.

Eugene Mulero | Senior Reporter
December 8, 2020
Government, Business, Safety, Logistics, Top 100

UPS Says It Can Handle Vaccine Rollout, Holiday Parcel Rush

UPS trailers Christopher Dilts/Bloomberg

UPS Inc. said it has the capacity to handle the rollout of coronavirus vaccines and an unprecedented holiday package rush this month after investments in automation, tracking technology and dry-ice production.

Thomas Black | Bloomberg News
December 8, 2020
Government, Business, Technology, Logistics

AM Radio Transmitter Sites Now Valuable Real Estate for Logistics Industry

Radio tower Shauni/Getty Images

Sites that for decades housed AM radio towers today command top dollar as e-commerce fuels rising demand for new warehouses and logistics centers.

Dan Ronan | Associate News Editor
December 8, 2020
Government, Business, Technology, Safety, Logistics, Autonomous

Elaine Chao Discusses Partnerships as Busy Year Draws to a Close

Elaine Chao Transportation Secretary Elaine Chao at an Infrastructure Week event in 2017. She cited the partnerships the agency has built as her proudest accomplishment as DOT leader. (U.S. Department of Transportation)

Transportation Secretary Elaine Chao credited stakeholders for helping regulators propel the industry forward through a challenging 2020.

Eleanor Lamb | Staff Reporter
December 8, 2020
Business, Equipment, Logistics, Top 50, Top 100

Penske Announces Fleet Upgrade Leasing Program

Penske Truck Leasing Penske said selling an existing fleet eliminates carrying costs, which frees up capital for the business. (Penske Truck Leasing)

Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.

December 7, 2020
Government, Business, Safety, Logistics, Top 100

JBS Sends Thousands of Meat Workers Home During COVID Surge

JBS worker JBS said it’s actively working with health departments and union partners to coordinate vaccinations as soon as they become available to essential workers. (Luke Sharrett/Bloomberg News)

A surge in COVID-19 cases is starting to impact American meat-processing operations in another potential threat to food supply chains that were upended in the early stages of the pandemic.

December 4, 2020
Government, Business, Logistics

Top Pork Producer Smithfield Makes Room in Freezers for Vaccine

The Smithfield Foods logo is displayed on boxes at the company's processing facility in Missouri. Daniel Acker/Bloomberg News

Smithfield Foods Inc., the world’s biggest pork producer, is willing to share space in its ultra-low-temperature freezers to store COVID-19 vaccines, the company said Dec. 3 in an emailed statement.

Michael Hirtzer | Bloomberg News
December 3, 2020
Government, Business, Safety, Logistics

Working Group Tackles COVID Food Supply Chain Disruptions

People at a Costco store People at a Costco store. Leaders in the food transportation industry are looking to apply lessons learned from the pandemic's effect on the supply chain. (Victor J. Blue/Bloomberg News)

Leaders in the food transportation sector are working together to share lessons learned during the coronavirus pandemic.

Connor D. Wolf | Staff Reporter
December 3, 2020
Business, Logistics, Top 100

Carriers Face Compounded Demand This Holiday Season

UPS holiday delivery A UPS driver delivers a package in Chicago. (Christopher Dilts/Bloomberg)

The trucking industry, working since March to replenish inventories depleted by the coronavirus, now has to grapple with holiday season demand.

Connor D. Wolf | Staff Reporter
December 3, 2020