Thieves have turned to identity theft and sophisticated fraud to steal drugs, electronics, and food right off the loading dock, according to FortuneMagazine. The biggest target, surprisingly to some, is food, which can be sold back into the supply chain through unscrupulous distributors. “I’ve never seen a serial number on…
As companies seek to develop a foothold in new markets or source from lower-cost countries, supply chains are being stretched with tighter demands on cost, transit time and quality. These business models introduce new challenges, including multiple modes of transportation, customs, different currencies, several languages, laws, carriers and more importantly,…
Paccar Inc. reported a record profit in the second quarter as truck sales continued to rise in North America and Europe. The truck and engine maker said its net income climbed to $447.2 million, or $1.26 per share, up from $319.2 million, or 90 cents, a year ago. Revenue at…
Gregor Stuart brings 25 years of logistics and supply chain experience to his new role managing supply chain for Lowe’s Canada. Lowe’s Canada, the Toronto-based unit of Lowe’s Companies Inc.,appointed Gregor Stuart as vice president for supply chain as the home-improvement retailer began an aggressive expansion plan in Canada. A…
Herald Smith, the founder of CRST International, died July 27 at his summer home in Wisconsin at age 91. CRST — originally Cedar Rapids Steel Transport — ranks No. 25 on the Transport Topics Top 100 list of U.S. and Canadian for-hire carriers. The company’s annual revenue topped $1.35 billion…
Sometimes you find yourself in an office setting with a boss that is less than ideal. Taking into account human nature, at some point managers or bosses are going to make mistakes or treat you somewhat unkindly. However, when that behavior creeps to a different level, and you end up…
The cars have the government’s backing. Mark Rosekind, the administrator of the National Highway Traffic Safety Administration, wants you to know the government approves of self-driving cars. The government is backing the technology needed for the emerging technology, not hoping to block it from developing, according to recent statements made…
When it comes to its hourly workers, Starbucks SBUX -1.79% is one of the good guys. It offers decent wages and benefits, including a tuition benefit; it creates work schedules that don’t call for back-to-back graveyard and opening shifts. In addition, the company gets bonus points for not firing the…
Package delivery United Parcel Service Inc (UPS.N) is in talks to buy Chicago-based Coyote Logistics LLC for at least $1.8 billion, a source familiar with negotiations said on Wednesday. According to the source, Coyote is backed by Warburg Pincus, the New York-based private equity firm, which may instead opt for…
A new report released by American Trucking Assns. projects freight volumes will increase by nearly 29% over the next 11 years. “The outlook for all modes of freight transportation remains bright,” said ATA Chief Economist Bob Costello in releasing U.S. Freight Transportation Forecast to 2026. “Continued population growth, expansion of…
