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FedEx has parked 17 more freighter aircraft since November and relinquished options to buy seven Boeing 767 cargo jets, part of a multiyear cost initiative that helped the parcel titan to better-than-expected operating profit in the third quarter despite lower revenue. Besides being cautious with aircraft utilization and investments, the Express unit expects to increase…
On Episode 712 of WHAT THE TRUCK?!?, Dooner is talking about the state of fleet management. J.J. Keller’s Josh Lovan breaks down the company’s latest fleet survey and lays out the challenges that carriers say they’re facing. TriumphPay’s Shawn Ludgate highlights pain points in factoring and shares solutions to the issues. Logistics companies are teaming…
The annual Work Truck Week and American Trucking Associations Maintenance & Technology Council pile on stakeholder-specific dispatches each March. But this week bigger stories originated outside the convention halls in Indianapolis and New Orleans. The Securities and Exchange Commission in Washington is as good a starting point as any. Lordstown Motors gets an SEC comeuppance…
An Atlas Air 747-8 jumbo freighter landed at Birmingham-Shuttlesworth International Airport on Sunday, kicking off twice-weekly service from Stuttgart, Germany, controlled by global logistics powerhouse Kuehne+Nagel. The world’s largest airfreight forwarder in February announced it had leased a cargo warehouse at Birmingham-Shuttlesworth airport (BHM) to establish a freighter hub in the Southeast for its virtual…
If freight brokers weren’t so preoccupied with celebrating competitor missteps, one of them might have beaten Robert Bosch to RevX — a spot load aggregation tool that also flags double brokering. The cloud-based RevX is the second product from the German auto supplier’s global Logistics Operating System (L.OS), aimed at simplifying technology and operational processes…
The detailed finances of short-line rail operator Genesee & Wyoming (G&W) haven’t been available since it was bought by an infrastructure-focused investment firm in 2019. But G&W has publicly traded debt, and that means rating agencies issue reports on certain aspects of its finances. And last week, in a report that is almost two reports…