A FreightWaves analysis of the monthly Personal Income and Outlays report from the U.S. Bureau of Economic Analysis (BEA) indicates that extraordinary federal government programs boosted personal income by an estimated $2.3 trillion from March 2020 to December 2022. The BEA identifies these as “federal pandemic response programs.” It’s worth examining the timing of the…
HOUSTON — In the five days of CERAWeek by S&P Global, participants raised questions about hydrogen as an energy source, including in trucking, mostly over the enormous challenges to build infrastructure for a hydrogen-fueled future. But the environmental movement checked in here as well, represented by the Environmental Defense Fund. The EDF has generally been…
Plenty of logistics experts have spoken of the benefits of warehouse automation, things like more efficient workers, faster fulfillment speeds and lower operating costs, to name a few. So why is the adoption rate for warehouse automation still so low? In short, the problem for most brands is getting started: For many of them, adding…
FedEx Corp.’s strong cost-reduction actions at its FedEx Ground U.S. delivery unit allowed the company to comfortably beat third-quarter estimates, raise full-year earnings per-share guidance and take the pressure off its lagging FedEx Express unit to quickly bring its costs under control. FedEx (NYSE: FDX) reported adjusted earnings of $3.41 per share, which excluded 36…
Canadian Pacific on Friday laid out its leadership roster as the railway becomes a merged company with Kansas City Southern in mid-April. Changes include the transition of current KCS President and CEO Pat Ottensmeyer into an advisory role through the end of 2023. CP (NYSE: CP) will see the merged companies form Canadian Pacific Kansas…