Nimble Robotics raises $65M in pursuit of fully autonomous fulfillment network

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 Ground game got the job done in Q3

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 announces leadership of merged company

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…

Freight markets are stuck in the doldrums

This week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 35 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…