The retailer is holding goods longer at distribution centers, increasing flexibility and trying to meet e-commerce competition and the changing consumer expectations Wal-Mart Stores Inc. said inventory management was a bright spot in the second quarter that included disappointing profits, higher costs and other challenges in the last quarter. Read…
FTR’s Trucking Conditions Index (TCI) measure for June rose back up from May, jumping 56% to 7.66, hitting the highest level of 2015. Freight growth slowed during Q2, but rates continue to show growth and margins are still good. FTR expects regulatory conditions and a continued economic recovery to fuel…
French shipping and transit company Geodis SA is near a deal to pay close to $800 million for U.S. contract shipping provider Logistics, LLC in what would be the latest in a string of logistics tie-ups this year, people familiar with the deal said. Private equity firms Welsh, Carson, Anderson…
Udo Lange is a veteran of global logistics firms, including DHL and Schenker. FedEx Corp. named Udo Lange, a veteran of global logistics businesses, as executive vice president and chief operating officer of FedEx Trade Networks, the company’s forwarding and customs brokerage arm. Lange has worked at DHL Global Forwarding,…
Truckers plan to expand capacity as freight demand rises by buying more trailers, survey shows With the U.S. economy continuing to expand, trucking companies have had to keep up with ever-growing freight demand. They’ve been able to do so even with a significant shortage of licensed drivers in the country. Instead of putting more trucks…
Tom Glaser wasn’t ready to retire; he was retired. But Glaser isn’t a man to sit still, so even at age 65 after a long career in the trucking industry, he couldn’t resist answering USA Truck’s call. Glaser, a member of the Van Buren company’s board of directors, stepped in…
LONDON — CEVA’s second-quarter earnings surged 25 percent as it continued to reap the benefits of a new business model and maintained ocean and air freight volumes in the face of uneven global demand. The Netherlands-based supply chain management company booked adjusted earnings before interest, tax, depreciation and amortization of…
Working up the courage to ask for a raise can be difficult. And if your boss rejects your request, you might be tempted to back down immediately and forget the whole thing ever happened. A better idea: prepare yourself with a backup plan so you can score other perks, if…
Commercial Carrier Journal is joining forces with CNBC reporter Morgan Brennan and Avondale Partners Chief Market Strategist Donald Broughton for three sessions on managing fleets’ three biggest costs – drivers, fuel and equipment. The event is slated for Thursday, Aug. 27, from 1:30-5 p.m., in the GATS Theater on the show floor…
Mega-carrier JB Hunt (No. 6 in the CCJ Top 250) has sued transportation management system provider MercuryGate for $3.1 million — the amount JB Hunt says it’s owed as a refund for software it says failed to meet the functionality agreed upon by the two parties. According to court documents, JB Hunt…
