Air France-KLM Group said Tuesday that the bungled rollout of a new cargo IT system in March contributed to lower revenues during the first quarter, which in turn acted as a drag on earnings for the corporation. The joint venture reported cargo revenues fell 16.5% year over year to 562 million euros ($602.3 million) even…
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…
The Truckload Carriers Association (TCA) has announced its driver satisfaction awards program called TCA Drivers’ Choice Awards – The Elite Fleets. The program will celebrate and recognize the best carrier […]