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FedEx Plays Game Of Chicken With Parcel Shippers' Budgets
Friday, September 24, 2021 - 10:48am | 1387The hole that FedEx Corp. finds itself in is, in some respects, not of its own digging. It can't force people to accept job offers, nor can it control the wages its competitors are willing to pay. It can't stop or slow the unprecedented surge in parcel-delivery volumes that have pulled forward...
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TFI Needs Drivers At Leaner, Meaner UPS Freight Successor
Friday, September 24, 2021 - 10:16am | 1105TFI International bought UPS Freight with plans to make the LTL carrier "lean and mean," a turn of phrase CEO Alain Bédard likes to use. While the company is implementing that strategy, including recent cuts to salespeople, one thing it needs more of is truck drivers. As of late July, Montreal-...
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Friday's Market Minute: Takeaways From Another Volatile Earnings Season
Friday, September 24, 2021 - 10:12am | 1229For many, Nike’s (NYSE: NKE) quarterly report means the unofficial end to earnings season. While bank earnings are now only a few weeks away, marking the start to the third-quarter reports, the second quarter was one worth noting. Since the pandemic sent the broader market into disarray...
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Nike: Even Supply Chain Havoc Has A Silver Lining
Friday, September 24, 2021 - 10:08am | 762On Thursday, first-quarter results revealed that the global supply chain havoc has harmed Nike (NYSE: NKE) more than expected. Moreover, longer transit times, labor shortages, and prolonged factory closures due to lockdowns in Vietnam where the sneaker giant produces approximately half of its...
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Amazon-Focused AB 701 In California Gets Governor's Signature
Thursday, September 23, 2021 - 12:34pm | 652California Gov. Gavin Newsom has signed legislation known as AB 701 that targets quotas in the warehouse industry. The legislation was introduced by Assemblywoman Lorena Gonzalez, who is also the author of AB 5, which targets independent contractors in the state. In the same way that Uber (NYSE:...
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Prologis Expands Training Program For Logistics Workers
Thursday, September 23, 2021 - 11:51am | 680Logistics real estate investment trust Prologis Inc. announced Thursday it was expanding its training program aimed at tackling the growing need for logistics workers. Through its Community Workforce Initiative (CWI), the San Francisco-based industrial warehouse operator is adding six locations to...
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For Cannabis Drivers, Dashcams Are Trusted Friends
Thursday, September 23, 2021 - 11:04am | 1128To most drivers, the installation of dashcams represents an intrusion. And to some extent, that is true. They say the camera sees all, and poor driving behaviors will be exposed. But for some industries, the cameras are a must, and the drivers have come to realize the benefits the camera provides...
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FedEx Is Struggling To Shake Off The Pandemic-Domino Effect
Thursday, September 23, 2021 - 10:14am | 917On Tuesday, parcel delivery company FedEx Corporation (NYSE: FDX) reported a decline in quarterly profit along with cutting its earnings outlook due to higher costs and labor shortages. Upon the news, its shares declined more than 4% in after-hours trading. Figures For the quarter that ended in...
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Call To Action: Governments' Commitment Vital To Decarbonize Shipping By 2050
Wednesday, September 22, 2021 - 4:00pm | 1083The phrases "global level playing field" and "commercially viable" were mentioned several times during a launch event Wednesday that called for governments around the world to act on climate change and commit to decarbonizing the shipping sector by 2050. The industry is seeking an equitable...
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Mammoth Freighters Invests In Aerospace Firm To Jump-Start 777 Conversions
Wednesday, September 22, 2021 - 2:00pm | 973Startup manufacturer Mammoth Freighters LLC on Wednesday announced a joint venture with GDC Technics, a major widebody maintenance and overhaul organization based at Alliance Airport in Fort Worth, Texas, to support its fledgling program for converting Boeing 777 passenger aircraft to freighters....
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First In Line: Bed Bath & Beyond Joins DoorDash Marketplace
Wednesday, September 22, 2021 - 12:30pm | 890In May, Bed Bath & Beyond announced an agreement with DoorDash (NYSE: DASH) to provide same-day delivery. It is now taking the next step to market its goods with the delivery provider – joining DoorDash Marketplace. Bed Bath & Beyond (NASDAQ: BBBY) said it is the first home goods retailer...
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Putting Robotics To Work In The Warehouse And The Storefront — At Your Doorstep
Wednesday, September 22, 2021 - 11:10am | 188Robotics companies are exploding onto the market with offerings suited for companies of all sizes. On this episode of At Your Doorstep, Kaylee Nix looks at the way ForwardX Robotics is operating with is robotics-as-a-service model She welcomes ForwardX Director of Global Expansion Jonathan...
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Daily Infographic: FedEx Adding 90,000 Workers To Handle Peak Surge
Wednesday, September 22, 2021 - 11:08am | 128To view more FreightWaves infographics, click here. Image by John R Perry from Pixabay
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Port Houston Sets Monthly Cargo Record In August
Tuesday, September 21, 2021 - 1:52pm | 503Port Houston handled its highest month ever for total of twenty-foot equivalent units at 320,086 in August, an increase of 29% compared to the same period last year. The port also recorded the highest monthly loaded imports on record at 159,791 TEUs during August, a 37% increase compared to August...
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Daily Infographic: Top Airports By Landed Weight Of All-Cargo Operations
Tuesday, September 21, 2021 - 10:44am | 126To view more FreightWaves infographics, click here. Image by PublicDomainPictures from Pixabay