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GXO Logistics Posts Solid Q4 Results
Wednesday, February 16, 2022 - 1:17pm | 253This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contract logistics giant GXO Logistics Inc. posted strong fourth-quarter results late Tuesday, with revenue up 28% to $2.3 billion, and adjusted diluted...
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Traxens Acquires NEXT4; CEOs Discuss Port Congestion
Tuesday, February 8, 2022 - 2:34pm | 1348This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Traxens, the smart-container service provider, announced Tuesday the acquisition of NEXT4, a French supplier of removable and reusable shipping container...
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Uber Buys Food Delivery Startup Postmates For $2.65 Billion
Monday, July 6, 2020 - 4:10pm | 632Ride-hailing giant Uber has agreed to an acquisition of on-demand food delivery company Postmates in a deal estimated to be worth $2.65 billion, as reported by Bloomberg early on Monday, July 6. The acquisition will be an all-stock buyout, with Uber Eats head Pierre-Dimitri Gore-Coty expected to...
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What a freight-centric airport can do for shippers
Friday, May 29, 2020 - 12:46pm | 1076As retailers halted international shipments due to COVID-19, cargo-dedicated airports like Rickenbacker International (LCK) in Columbus, Ohio, had to pivot quickly. When the freight on shipping routes of Rickenbacker's retail partners like Gap(NYSE: GPS), Eddie Bauer, and Lululemon(NASDAQ:...
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Late Season Sierra Snow Storm Could Be Trouble For Truckers (With Forecast Video)
Monday, May 18, 2020 - 12:21pm | 553Old Man Winter returns to eastern California today as snowfall develops in the Sierra Nevada. It's been raining there this morning, and it's been heavy just to the west in the Sacramento Valley where flash flooding is possible. Gradually, the rain will change to snowfall today in the high...
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Franchising Your Mailbox Might Put The USPS Out Of Business
Monday, February 11, 2019 - 3:32pm | 1177As far as the current regulations go, only you and the U.S. Postal Service (USPS) have the authority to put mail or parcels in your mailbox. Anyone who infringes on this is quite literally committing a crime – even if it is a neighbor who is putting remainder notes into your box. The law...
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Truckers, General Mills, Feeding America Look To Rescue Good Food From A Bad End
Thursday, January 3, 2019 - 11:33am | 1031The amount of edible food that goes to waste in America has reached appalling proportions. Each year, about 72 billion pounds of otherwise consumable foodstuffs never make it onto store shelves, according to estimates from Feeding America, a large hunger-relief group. Annually, that amounts to...
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GTG Technology Group Joins Blockchain In Transport Alliance
Tuesday, October 23, 2018 - 9:40am | 492The Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation/logistics/supply chain marketplace, is pleased to announce that GTG Technology Group has joined the Alliance. Blockchain technology enables...