Logistics

Walmart Inc. (NYSE: WMT) on Tuesday reported first-quarter fiscal 2022 revenue of $138.7 billion, a 2.7% increase from the 2020 first quarter, while operating income rose 32% to $6.9 billion in what the company called strong across-the-board performance. Adjusted earnings per share came in at $1....

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Citing competition concerns, the U.S. Department of Justice (DOJ) is asking the Surface Transportation Board (STB) not to approve a request by Canadian railway CN (NYSE: CNI) to form a voting trust. The voting trust would be used to acquire Kansas City Southern (NYSE: KSU). CN is seeking to...

Expectations around future freight flows continue to grow with each passing week. New records are being posted with no sign of a falloff on the horizon. Stimulus payments are spurring along already robust consumer spending while the need to replenish inventories lingers. The combination appears...

Today there are two types of manufacturers: old school and new school. New school manufacturers are using digital sales tools to meet customer buying expectations and win more sales at a higher price point; old school manufacturers are continuing manual sales processes and failing to attract new...

The first-quarter 2021 earnings season for the Class I railroads is over. An optimistic volume outlook, especially for the second half of 2021, plans to improve operational efficiency and take market share away from trucks, and a proposed Class I Canadian railway merger with Kansas City Southern (...

After plummeting nearly 37% from its first earnings call, DoorDash (NYSE: DASH) investors are jumping on the stock Friday following a strong Q1 earnings report on Thursday. In midmorning trading, DoorDash stock was up more than 20% on volumes that by 10:45 a.m. EDT Friday had surpassed 4.2 million...

It was the sort of deal that is a shocker because it goes completely against the trend in the oil business. The transaction in question was the recent announcement by Phillips 66 (NYSE: PSX) that it was going to "reverse integrate" its renewable diesel operations. In doing so, the company sent two...

Bluewire, a first-of-its-kind AI software-as-a-service (SaaS) company, aims to arm motor carriers and their insurers with data to help counter false narratives that lead to damaged reputations — and potentially massive punitive damages in lawsuits. The newly launched company believes that those...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight Colonial Pipeline's restoration of service, a crack that closed part of Interstate 40 and more. The High Five 1. Colonial Pipeline's operations are getting back to normal rapidly, with...

ParcelLab, a final-mile fulfillment software service based in Germany, announced this week it has raised $112 million in a Series C funding round led by Insight Partners with participation from Capnamic Ventures, coparion and Endeit Capital. The company's last raise took place in 2019 for an...

Forty years hardly makes a startup, but that's exactly what Optimal Dynamics is. The New York-based company is seeking to flip the script on what artificial intelligence can do in a logistics environment, and it is starting with technology that has its roots at Princeton University, nearly 40 years...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the impact of the Colonial Pipeline shutdown on diesel supplies, different approaches to reducing driver fatigue and more. The High Five 1. Major fuel suppliers in the Southeast are...

The U.S. Department of Homeland Security (DHS) has waived the Jones Act to allow a foreign shipping company to move domestic fuel supplies to help shore up fuel supplies on the U.S. East Coast. "In the interest of national defense, I have approved a temporary and targeted waiver request to an...

Amazon.com Inc. (NASDAQ: AMZN) said Thursday that it will hire 75,000 logistics and fulfillment workers in North America at an average starting wage of $17 an hour. Most of the hires will be at the Seattle-based company fulfillment locations and its burgeoning network of local delivery centers,...