FedEx plans to remove 29 aircraft from its fleet this year through permanent retirement and temporary storage, fulfilling its new program to eliminate permanent costs and make its logistics network more flexible as global trade slows. CEO Raj Subramaniam said on Tuesday’s earnings briefing that the Express unit will park 20 aircraft in fiscal year…
Former NFL star Desmond Clark admits his journey from the gridiron as a 12-year veteran, playing seven of those years as a tight end for the Chicago Bears to starting his own brokerage, Bear Down Logistics, has been challenging but said he was determined to succeed in this tumultuous freight market. At FreightWaves’ Future of…
Rob Haddock, group director of transportation strategy for Coca-Cola North America, has spent his entire career — over 40 years — in all areas of the supply chain but says transportation has always been his passion. At FreightWaves’ Future of Supply Chain event in Cleveland on Wednesday, Haddock said it is crucial to build a…
CLEVELAND — Measuring purchasing power by dollars or other currencies is one way of looking at wealth. But at FreightWaves’ Future of Supply Chain event, Marian Tupy said the best metric is “time prices”: the amount of time needed at a particular job to purchase a particular good. Tupy was a keynote speaker on Day…
At personal care products giant L’Oréal Corp., consistency and collegiality have been two of Andrew Banfield’s watchwords in transportation buying. Amid all of the turmoil surrounding the pandemic and supply chain snafus, the experience was “surprisingly consistent, and I say that because we very much aspire to attest and learn methodology where we try things…