FreightWaves - Spark Newswire

3 minute read

General

LaserShip Taps Top Home Depot Supply Chain Executive as CEO

Today, 5:02 PM

In a personnel move with enormous implications for the parcel-delivery industry, regional carrier LaserShip said Friday it has named Mark H. Holifield, the architect of Home Depot Inc.'s modern-day supply chain operation, as its permanent CEO.

2 minute read

Lufthansa Cargo Sells MD-11 Freighters to Western Global Airlines

By FreightWaves

Today, 5:02 PM

Lufthansa Cargo made its last MD-11 flight on Sunday and has sold three of the aircraft to Florida-based Western Global Airlines.

AMZN

4 minute read

General

Endangered SPAC? Public Trading Path for Plus Could Be in Jeopardy

By FreightWaves

Today, 5:02 PM

Signs are flashing red for the business combination of autonomous trucking software developer Plus getting to the finish line of its $3.3 billion SPAC merger with Hennessy Capital Acquisition Corp. V.

BLBD

2 minute read

ShipHero Acquires Florida-Based Cargo Cove Fulfillment

By FreightWaves

Today, 5:02 PM

In a bid to tap into Florida's retail supply chain, e-commerce fulfillment platform ShipHero announced on Friday the acquisition of Jacksonville-based Cargo Cove Fulfillment, a full-service logistics company with over 50 partnering e-commerce brands.

SHOP

2 minute read

General
Tech

Amazon Opens Robotics Facility in Massachusetts

By FreightWaves

Today, 5:02 PM

Amazon (NASDAQ: AMZN) is opening a new robotics facility in Massachusetts as it seeks to expand its warehouse robotics capabilities.

AMZN

2 minute read

Former FedEx Ground Senior Manager Sentenced in $3.25M Stolen-Goods Scheme

By FreightWaves

Today, 5:02 PM

A former senior manager of a FedEx Ground facility in Delaware was sentenced to more than three years in prison on Thursday and ordered to pay back more than $1.1 million and forfeit over $1.8 million in property for his involvement in a decadelong stolen-goods scheme.

FDX

1 minute read

Drilling Deep: Using a Helper If Amazon is Fulfilling Your Shipments

By FreightWaves

Today, 5:02 PM

First, you become a third-party seller on Amazon (NASDAQ: AMZN). Then maybe you use Fulfillment by Amazon (FBA) to fulfill those shipments, taking it off your hands but requiring payment to Amazon for its services.

AMZN

4 minute read

Supply Chain Disruptions Curtail Union Pacific’s Intermodal Volumes

By FreightWaves

Today, 5:02 PM

Extended chassis dwell times and a lack of dray drivers dampened Union Pacific's intermodal traffic in the third quarter, but the railroad hopes volumes will rebound once the disruptions clear and consumer activity picks up post-pandemic, executives said during UP's third-quarter earnings call.

UNP

3 minute read

General

Trucking, Logistics Firms Left in Lurch After Auto Parts Supplier’s Bankruptcy

By FreightWaves

Today, 5:02 PM

Trucking companies, logistics firms and suppliers may be left in a lurch after an Illinois auto parts supplier folded and filed Chapter 7 in early October.

4 minute read

Knight-Swift Crushes Q3 Expectations; All Segments’ Revenue, Margins Up

By FreightWaves

Today, 5:02 PM

Knight-Swift Transportation posted a big third-quarter result Wednesday before the market opened, beating analysts' forecasts handily and raising its full-year 2021 guidance. The stock was up 5.8% by midday on the news compared to the S&P 500, which was up 0.4%.

KNX