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Loadsmart, Starsky Robotics Dispatch Autonomous Truck Automatically

Loadsmart and Starsky Robotics said the companies have automatically dispatched an autonomous truck to haul freight.

August 12, 2019
GovernmentBusinessLogistics

Stamps.com Stock Soars on Forecast Improvement

Stamps.com Inc. shares surged Aug. 8 after the company raised the midpoint of its yearly forecast, easing some investors’ worst fears.

August 9, 2019
BusinessLogistics

Americold Reports Lower Net Income, Higher Revenue

Americold Realty Trust, one of the world’s largest logistics companies focusing on temperature-controlled warehouse facilities, on Aug. 8 reported second-quarter net income dropped to nearly $4.9 million from $29.4 million in 2018, an 83.3% decrease.

August 9, 2019
GovernmentBusinessFuelLogistics

Experts to Dissect Industry Trends, Insights at ATA Economic Summit

Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September.

August 9, 2019
BusinessTechnologyLogistics

Uber Freight Partners With TMS Company MercuryGate

Uber Freight announced a partnership with MercuryGate, an independent transportation management service provider.

August 8, 2019
BusinessLogisticsTop 100

Amazon-FedEx Split Sets Battle Lines in E-Commerce Delivery Feud

FedEx Corp.’s retreat from handling packages for Amazon.com Inc. signals that the lines are being drawn in the battle over surging e-commerce shipments.

August 8, 2019
BusinessTechnologyLogistics

Lyft Gains as Analysts Say Results May ‘Win Over Skeptics’

Lyft Inc.’s second-quarter results blew past market estimates and won accolades from Wall Street, as analysts said they now see a clearer path to profitability and a “more rational competitive environment.â€

August 8, 2019
BusinessLogisticsTop 100

Roadrunner to Focus on 3PL, LTL After Net Losses in 2Q

Roadrunner Transportation Systems Inc. will narrow future operations to logistics and less-than-truckload after a disappointing second quarter, company officials said in an Aug. 7 news release.

August 7, 2019
GovernmentBusinessLogistics

As China Halts US Soy Purchases, ‘Unknown’ Buyers Step Up

While China announced it has halted imports of American soybeans, a mysterious buyer has stepped up. The U.S. Department of Agriculture announced Aug. 7 a sale of 165,000 metric tons of the oilseed to “unknown destinations.â€

August 7, 2019
GovernmentBusinessLogistics

World Economy Edges Closer to Recession as Trade Woes Spread

The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.

August 7, 2019