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PAM, Flying High on Wall Street, Sets $1 Billion Target for 2025
Tuesday, November 23, 2021 - 10:52am | 1832Read More...PAM Transport, whose stock has risen roughly 185% in the past 12 months, has spelled out its ambitious long-term goals in an unusual way. The truckload carrier, which traditionally has depended heavily on auto industry-related business, announced it would be a presenter at the Dec. 1 Stephens...
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Union Pacific Wants STB to Put CP-KCS Merger Application on Ice
Monday, November 22, 2021 - 2:42pm | 1596Read More...Union Pacific wants the Surface Transportation Board to reject a merger application of Canadian Pacific and Kansas City Southern for now, calling the application "incomplete." But CP has fired back at UP's and other rails' support for extending the merger proceeding timeline. UP (NYSE: UNP) says...
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Women in Trucking: The 'S' and 'G' in ESG — Net-Zero Carbon
Monday, November 22, 2021 - 1:19pm | 1007Read More...On this episode of Net-Zero Carbon, Tyler Cole, director of carbon intelligence at FreightWaves, chats with Desiree Wood, founder and president of REAL Women in Trucking, about truck driver issues and what motivates her work. "I became an advocate by necessity — partly from self-preservation, but...
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As E-Commerce Ramped Up, Sauder Woodworking Sought Technology Solution
Monday, November 22, 2021 - 11:48am | 891Read More...Customers of Sauder Woodworking are accustomed to finding their ready-to-assemble furniture products in traditional brick-and-mortar stores such as Walmart (NYSE: WMT), Target (NYSE: TGT), Ikea, and Office Depot (NASDAQ: ODP). But as e-commerce has grown in recent years, the Archbold, Ohio-based...
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Infrastructure: The Money is There but the Clock is Ticking
Monday, November 22, 2021 - 10:30am | 1544Read More...Now that President Joe Biden has signed into law the biggest investment in freight transportation in 65 years, the question turns to how quickly the money can reconnect the links of a broken supply chain. The Infrastructure Investment and Jobs Act (IIJA) includes $110 billion for roads, bridges...
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Labor Department Sues Paccar Over Firing Worker Who Publicly Questioned COVID Safety
Monday, November 22, 2021 - 10:29am | 749Read More...The U.S Department of Labor is suing Paccar Inc. over the 2020 firing of a Peterbilt Motors Co. worker who publicly questioned the heavy-duty truck manufacturer's safety procedures to protect workers from COVID-19 infections at its Denton, Texas, plant. The civil suit was filed last Wednesday in...
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Daily Infographic: Condition of Highway Bridges by State: 2020
Monday, November 22, 2021 - 10:27am | 173Read More...To view more FreightWaves infographics, click here. The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the...
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Eliminating Empty Miles Best Way to Effect Immediate Climate Change
Friday, November 19, 2021 - 1:46pm | 495Read More...Those empty miles a truck drives between loads: Inevitable waste of fuel or fodder for the emissions-minded disruptor? Digital freight network Convoy's entire business model hinges on eliminating that waste by linking networks through data science and machine learning. Just last week, Convoy...
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Autonomous Vehicles and the Truck Driver Workforce — Taking the Hire Road
Friday, November 19, 2021 - 1:44pm | 759Read More...Don Lefeve, head of corporate affairs at Robotic Research LLC, joins this week's episode of Taking the Hire Road to share his thoughts on the very near future of autonomy in trucking with Jeremy Reymer, founder and CEO of DriverReach. "Autonomous technology offers a real benefit to safety,"...
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The Stockout: Nestlé Gets Aggressive With Online Ambitions
Friday, November 19, 2021 - 1:08pm | 1097Read More...Before getting into what's happening in CPG supply chains, here's something for your calendar: I host the next quarterly The Stockout webinar on Dec. 6 at 2 p.m. ET. Here's the link to register. Last quarter, there was a great turnout, and the discussion was enhanced by the many participants who...
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CSX Opens North Carolina Intermodal Terminal
Friday, November 19, 2021 - 1:05pm | 534Read More...CSX celebrated the opening of its Carolina Connector (CCX) intermodal terminal on Thursday, saying the terminal will relieve port and highway congestion and serve the regional market surrounding Raleigh, North Carolina. Located in Rocky Mount, the terminal, which CSX (NASDAQ: CSX) considers one of...
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J.B. Hunt Offering Transload Service in New York to Ease Congestion
Friday, November 19, 2021 - 12:38pm | 579Read More...J.B. Hunt Transport Services announced Friday it has started a new transload service in New York amid the nation's supply chain bottlenecks. The New York metro area service will provide shippers with port drayage, transloading, and linehaul service to inland destinations. The operation will be...
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FedEx Shutters Hong Kong Pilot Base Over COVID Restrictions
Friday, November 19, 2021 - 12:36pm | 1012Read More...FedEx Express is abandoning its pilot base in Hong Kong because of restrictive COVID health and travel rules that make it difficult for the parcel carrier's airline to operate efficiently. In late January, FedEx (NYSE: FDX) relocated at significant expense about 180 of its Hong Kong-domiciled...
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FedEx Forecast Calls for Holiday Package Shipments to Increase 10%
Friday, November 19, 2021 - 11:25am | 574Read More...FedEx is expecting package deliveries to increase 10% year-over-year during the holiday shopping season, according to an internal Thursday email obtained by Bloomberg. The expected increase would easily surpass last year's peak season record. But this year FedEx (NYSE: FDX) won't have to contend...
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5 Tips DTC Brands Can Implement to Improve Holiday Sales
Friday, November 19, 2021 - 11:21am | 797Read More...When consumers shop in a brick-and-mortar store, the retailer gains valuable insight on them. When they move online, similar data insights can be gleaned thanks to the "digital shelf." PriceSpider identifies the digital shelf as a "collection of digital experiences consumers use to find, learn...
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