FedEx Corp. (NYSE: FDX) on Monday named John W. Dietrich, who recently retired as CEO at air cargo carrier Atlas Air Worldwide, as its executive vice president and CFO, effective Aug. 1. Dietrich will succeed Michael F. Lenz, who will leave his role July 31 but remain with the company until the end of the…
A Georgia-based trucking company, which reported a significant drop in revenue this year compared with the previous two years, filed for bankruptcy liquidation on Friday. Big J Express LLC, headquartered in Norcross, Georgia, filed its petition in the U.S. Bankruptcy Court for the Northern District of Georgia. The trucking company, which obtained its operating authority…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking about the cargo theft playbook that thieves are using this summer. Scott Cornell, national practice lead for transportation, crime, and theft specialist at Travelers, shares how theft has gone strategic with identity theft, double brokering and fictitious pickups. How and when do you hire drivers…
After two years of delays, automaker Tesla announced over the weekend the production of its first Cybertruck electric pickup at its factory in Austin, Texas. Tesla (NASDAQ: TSLA) tweeted on Saturday a photo of a Cybertruck with the message: “First Cybertruck built at Giga Texas!” Whether the achievement marks the kickoff of large-scale production of…
FreightWaves is hosting its next virtual event, the Enterprise Fleet Summit, on Wednesday. Enterprise trucking fleets exist in an increasingly competitive landscape, but also have more opportunities than ever before. As many fleets are adopting progressive technology strategies, this daylong virtual summit will examine the components of a successful enterprise fleet and will tackle the…