What’s Good For You Is Good For PepsiCo: Ex-CEO Tells How That Happened
For the first five years or so of Indra Nooyi's tenure as CEO of PepsiCo, she was not a favorite of the investment or press communities. Then things changed.
Why?
Hub Group Acquires Fulfillment Solutions Provider Tagg Logistics
Hub Group, a provider of transportation and logistics management solutions, on Monday announced that it acquired e-commerce, business-to-business and omnichannel fulfillment company Tagg Logistics for $103 million in cash.
Lead FedEx Ground Contractor Says He May Shut His Business By Nov 25
It is clear that Spencer Patton, the leader of a nationwide effort to raise awareness of the financial plight of FedEx Ground's delivery contractors, will not go gently into that good night.
Qantas Converting More Aircraft For Freight To Meet E-Commerce Demand
Australian flag carrier Qantas said Monday it will procure six Airbus A321 standard aircraft and convert them to freighters as replacements for smaller, older Boeing cargo jets to keep pace with the huge upswing in cargo volumes powered by e-commerce.
GXO Logistics Continues To Write New Chapters In Its Evolving Story
On Oct. 12, 2021, GXO Logistics Chief Investment Officer Mark Manduca laid out the argument for why the Greenwich, Connecticut-based firm represented a new breed of logistics company."This is a hard business to wrap your head around. There is no company out there that is scalable contract logistics," he told a virtual audience during a Deutsche Bank forum.
Werner Q2 Revenue Rises To $836 Million On Strong Freight Demand
Strong freight rates helped carrier Werner Enterprises achieve its eighth consecutive quarter of record quarterly earnings per share and contributed to a 29% jump in total revenue to $836 million.
Uber Reports Record Revenue, But Delivery Takes A Back Seat
It looks like rideshare is back in the driver's seat for Uber (NYSE: UBER) after Eats and its delivery business steered the company through the pandemic.
Aurora Adds Schneider To Autonomous Pilot Customer List
Aurora Innovation is adding freight giant Schneider to a growing list of fleets testing its Aurora Driver autonomous trucking software.
Large Carriers Still Constructive On 2nd Half
Commentary from management teams in the trucking industry so far through second-quarter earnings season points to a favorable conclusion to 2022. While the spot market has loosened significantly since March and rates have dropped, large carriers with heavy exposure to contractual freight are only seeing modest changes in demand.
Shopify Posts $1.2 Billion Loss A Day After Slashing Workforce
Canadian e-commerce platform Shopify lost $1.2 billion in the second quarter as more customers returned to in-store shopping and e-commerce growth slowed from its pandemic highs. It also said it expects to post an adjusted net loss for the remainder of 2022.