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An investment firm looking to make major changes at parcel technology and shipping company Pitney Bowes Inc. (NYSE: PBI) called Thursday for the ouster of longtime CEO Marc F. Lautenbach and non-executive Chairman Robert Dutkowsky, who two weeks ago was named to the role following the departure of then-Chairman Michael Roth. Hestia Capital Partners, which…
An end to a prolonged freight recession could be approaching sooner than some investors may think, one equities analyst said Monday. The bullish call was largely centered on the need for inventories to be replenished after companies have spent the last few quarters drawing down overstocked levels. “Shippers continue to remain on reorder ‘strike’ while…
This year’s Future of Freight Festival takes place Nov. 19-21 in Chattanooga, Tennessee. But it’s not your average conference. Sure, there are wonderful speakers and fireside chats. But the real fun stuff starts after that. F3 is set up with half-days of speakers and amazing content. The other half we take over downtown Chattanooga, and…
The Port of New Orleans announced Tuesday that President and CEO Brandy D. Christian will step down in June to pursue an opportunity in the private sector. Christian has served as president and CEO since January 2017, as well as the CEO of the New Orleans Public Belt Railroad (NOPB) since its acquisition by the…
Logistics provider FreightVana recently announced it has partnered with fintech provider AtoB to offer fleets a payment card and platform to manage driver spending over the road. “The small carriers and owners just don’t have the benefits or purchasing power like their large competitors,” Shannon Breen, co-CEO and co-founder of FreightVana, told FreightWaves. “We can…
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