Norfolk Southern’s management has taken a second hit this week from an independent proxy advisory firm as the Class 1 railroad fends off activist investor Ancora Holdings, but the latest report, while mostly critical of NS, recommends that CEO Alan Shaw keep his job. Whereas proxy adviser Glass Lewis recommended that shareholders not vote in…
People around the globe — from government leaders to everyday consumers — have become increasingly aware of the negative impacts of climate change over the past several years. This growing awareness has created consumer concern and sparked a wave of eco-conscious regulation, prompting shippers to demonstrate their commitment to sustainability and reduce their carbon footprint….
DHL Group announced a key leadership transition in DHL Supply Chain North America on Tuesday, naming Patrick Kelleher North America CEO effective July 1. Current CEO Scott Sureddin’s retirement will take effect Dec. 31 after 20 years at DHL Supply Chain. A press release from the company states that Sureddin has been instrumental in the…
ArcBest booked another large tonnage decline in its asset-based unit during the first quarter as it purges transactional freight from its network in favor of a mix more weighted to shipments from core customers. The swap is generating big improvements in yields, but revenue continues to sag. It expects the large year-over-year (y/y) swings to…
Fraud is rampant across the transportation space. While shippers and logistics companies are becoming more aware of threats, fraud risks come in so many different flavors that it can feel impossible for legitimate companies to keep up with the activities of bad actors. This is especially true during the ongoing freight recession, where depressed shipping…