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In its fiscal second quarter earnings announcement issued earlier today, Memphis-based global freight transportation and logistics services provider FedEx said that the company’s Board of Directors, following a review of the role of its less-than-truckload (LTL) subsidiary, FedEx Freight, in its portfolio, has elected to make a push to fully separate the unit into a new publicly-traded …
TFI International buys UPS Freight for $800 million, rebranding as ...
Jan 25, 2021 · UPS is selling its UPS Freight less-than-truckload (LTL) unit to TFI International Inc., a Canadian holding company that is parent to truckload giant CFI and other transport entities, for $800 million, subject to working capital and other adjustments. The company will rebrand as “TForce Freight” under Canadian ownership. The sale of UPS’s LTL and dedicated truckload …
State of Logistics 2024: Less than truckload (LTL)
The reshuffling of capacity and market share has begun in earnest in the $56 billion LTL industry. Rivals Estes Express Line, XPO and Saia—which were the leaders in purchasing vast numbers of terminals after Yellow went bankrupt last August, opened those terminals in March. Many more sites that were converted from
Global Logistics: Challenges in our changing world
What a year. The COVID-19 pandemic set in and made a massive impact on global trade and amplified existing logistics challenges around the world; lockdowns triggered rapid growth in e-commerce, putting additional strain on already strained freight networks; and a last-minute Brexit deal was finally reached following a few chaotic weeks at the UK border.
PepsiCo’s supply chain is on a journey to ‘Always Everywhere’
Mar 11, 2024 · Logistics professionals navigating their path forward face challenging market conditions, an evolving regulatory environment, a rapidly changing technology landscape, and an increasingly competitive labor market.
December 2024 Logistics Management Magazine Archive from
In its fiscal second quarter earnings announcement issued earlier today, Memphis-based global freight transportation and logistics services provider FedEx said that the company’s Board of Directors, following a review of the role of its less-than-truckload (LTL) subsidiary, FedEx Freight, in its portfolio, has elected to make a push to fully separate the unit into a new publicly-traded …
Top 30 Ocean Carriers: Riding high on wave of profits
This is a time of highly disrupted supply chains compounded by cascading issues. Yet ocean carriers are riding a high wave of unprecedented record profits. Maersk, now the world’s second largest shipping company, reported second quarter 2022 revenues of $21.7 billion, marking a 52% increase compared to the same period of 2021.
Cross-Border Logistics for Mexico Is Complex - We Can Make It …
Oct 8, 2024 · For the first half of 2024, the Census Bureau reported a record breaking $415.4 billion in goods flowing between the U.S. and Mexico, but many American companies still allow transportation challenges to stop them from crossing over.
Transforming Warehousing and Logistics: Unlocking Digitalization …
Dec 2, 2024 · The warehousing and logistics industries are on the cusp of a digital transformation. Join us for this insightful webinar, where we’ll explore the key trends, challenges, and opportunities driving innovation in this sector.
News and Resources - Logistics Management
Latest Logistics Management News. As the days of slow, invisible supply chains that “worked behind the scenes” continue to fade in the rearview mirror, companies are improving their demand forecasting, gaining real-time visibility across their networks and streamlining their operations—and its software that makes that all possible.