This is an overview of ADM and its in-house fleet of trucks. However, the company also owns barges, railcars, boats and oceangoing vessels. Now a Fortune 100 company, ADM had a humble origin. George A. Archer and John W. Daniels…
The logistics arm of e-commerce giant Alibaba Group has contracted with Suparna Airlines to operate daily dedicated cargo flights between Singapore and Hainan province in China to support Hainan’s emergence as a duty-free shopping hub and growing e-commerce orders. The…
The CEO of TFI International (NYSE:TFII) hinted on Wednesday that the Canadian trucking and logistics company may be pursuing closer ties with UPS (NYSE:UPS) beyond the $800 million acquisition of its less-than-truckload division, UPS Freight. “Don’t forget this discussion that…
Management from less-than-truckload carrier Saia (NASDAQ: SAIA) said they “look forward to delivering a strong second quarter” on a Wednesday call with analysts. Strong freight demand led the company to record first-quarter results and the trend has continued thus far…
Following the release of positive public feedback for drone delivery in Christiansburg, Virginia, Alphabet’s (NASDAQ: GOOGL) drone division, Wing Aviation, is requesting federal approval to operate drone flights from a remote location. According to a petition published in the Federal…
An injunction that stopped the California trucking industry from coming under AB5, the state’s law governing the use of independent contractors, has been overturned. A three-judge panel in the U.S. Court of Appeals for the 9th Circuit, in a 2-1…
Logixboard, a white-label platform for freight forwarders, has announced it has closed a $13 million Series A investment led by Redpoint Ventures, including continued investment from Social Leverage, F-Prime Capital Partners and Founders Co-op. The company has raised a total…
Many supply chain companies are setting net-zero emissions goals for 2050 or sooner to lessen the transportation industry’s greenhouse gas (GHG) emissions. How will companies get to net-zero? Implementing aggressive emission-reduction strategies and adopting green technologies are great tactics, but…
Plus One Robotics, a human-robot collaboration software company headquartered in San Antonio, has announced this week $33 million in Series B funding led by McRock Capital and Translink Capital, with participation from BMW i Ventures, Kensington Capital Partners, Perot Jain…
The e-commerce boom of 2020 is continuing into 2021 and one of the first major e-tailers to announce Q1 earnings is confirming that. Shopify (NYSE: SHOP) reported total revenue in Q1 of $988.6 million, 110% growth year-over-year, powered by a…
Recent Comments