XPO Logistics Inc. (NYSE:XPO) said Tuesday that it will build a 1 million-square-foot distribution center for Apple Inc. (NASDAQ:AAPL) in the small Indiana town of Clayton that will support Apple’s direct-to-consumer distribution and delivery strategy. XPO’s first-ever contract with the…
This is an excerpt from the May 4, 2021 edition of Medically Necessary, a health care supply chain newsletter. Subscribe here. As the pandemic wanes, manufacturers and suppliers are predicting the demand for personal protective equipment will slow as well. “Demand,…
Less-than-truckload carrier Saia (NASDAQ: SAIA) announced Tuesday it would be hiring more than 500 Class A CDL drivers and 300 dockworkers in the coming weeks. The company said the hiring blitz was in response to elevated demand and its expansion…
Lyft (NASDAQ: LYFT) posted year-over-year declines in Q1 2021 revenues and riders, but an improving trend that started in the second half of last year is continuing. The company reported revenues grew 7% quarter-over-quarter to $609 million versus $955.7 million…
This episode is brought to you by DDC FPO. DDC is a business process outsourcing provider that specializes in freight. Perhaps best known for Freight Billing, DDC recently launched IT Outsourcing to help supply chain stakeholders hit development milestones without…
On this episode of Midday Market Update, Kaylee Nix and Michael Vincent explore the changing landscape of the FreightWavesTV lineup and talk to some experts about where the market is headed next. First up in headlines, Andrew Cox discusses how…
Understanding supply chains from source to manufacturing to delivery is crucial for companies to be able to adapt and succeed. The consumer electronics industry is one sector that struggles in honing that visibility across the board. On this episode of…
“Growth is increasing at an increasing rate” across most components of the supply chain, according to a Tuesday report. The Logistics Managers’ Index stepped 2.3 percentage points higher from March to 74.5% in April. This was the second-highest reading the…
Maine-based drivers serving New England’s Shaw’s supermarket chain have walked off the job over the lack of a new labor agreement. Press reports said the walkout began Monday. An Associated Press report quoted business agent Joe Piccone of Teamsters Local…
Engine maker Cummins Inc. (NYSE: CMI) expects full-year 2021 sales to rise as much as 24% following consensus-crushing Q1 revenue and profits. First-quarter revenues of $6.1 billion rose 22% over $5 billion the same quarter in 2020. Q1 net income…
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