Logistics
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Amazon Offers $1,000 Prizes for Drivers Who Say Why They Love Their Job
Amazon.com Inc., the world’s largest e-commerce company, is offering $1,000 prizes for delivery drivers who share stories about why they love their jobs.
Cold storage trough in sight as vacancies hit 20-year high
The cold storage market is looking to shake off excess capacity and declining food inventory trends. The post Cold storage trough in sight as vacancies hit 20-year high appeared first on FreightWaves.
Chick-fil-A to build $50M distribution hub in West Texas
Chick-fil-A plans to invest $50 million to build a distribution center in Lubbock, Texas, as the restaurateur continues expanding its in-house logistics network. The post Chick-fil-A to build $50M distribution hub in West Texas appeared first on FreightWaves.
OECD Forecasts 4.2% Inflation as War Hits Global Economy
For the U.S., the OECD expects inflation to jump to 4.2% this year, from 2.6% last year. Its price outlook is 1.2 percentage points higher than in December.
Imports fall 14.5% y/y at Port of Oakland
February import volumes fell by double digits at the Port of Oakland as export traffic led cargo activity. The post Imports fall 14.5% y/y at Port of Oakland appeared first on FreightWaves.
Meituan Expects Losses to Narrow as China Curbs Food Fight
Meituan expects losses per delivery order to start narrowing in the current quarter, as Chinese officials rein in its intense competition with Alibaba Group Holding Ltd. and JD.com Inc.
Prologis CEO Sees Prolonged AI, Data Center Tailwinds
Prologis CEO Dan Letter joins Bloomberg Businessweek Daily to discuss the state of global logistics and shipping as geopolitics and associated risk impacts the firm's customer base. However, Prologis is optimistic about its data center business. Letter says the company's strong relationship with hyperscalers is ongoing, bolstering "a fortress of a balance sheet" as Prologis continues to secure longer-term power capacity. Letter speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Postal Service plans 8% fuel surcharge as Iran war raises transport costs
U.S. Postal Service is ready to charge parcel customers a fuel surcharge for the first time in its history because fuel prices are rising faster than it can change its base transportation rate. The post Postal Service plans 8% fuel surcharge as Iran war raises transport costs appeared first on FreightWaves.
USPS Plans First Fuel Surcharge as Oil Prices Spike
USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.
UPS retracts driver buyout option in 13 states under union pressure
UPS will withdraw its buyout offer for drivers in 13 states because the Teamsters contract in that region gives local unions more rights to object to management’s move. The post UPS retracts driver buyout option in 13 states under union pressure appeared first on FreightWaves.
NACFE: Diesel hits 11.5 mpg while Tesla Semi runs 460 miles in real-world test
NACFE’s Run on Less report highlights diesel at 11.5 mpg and a Tesla Semi running 460-mile days. Mixed fleets are the practical near-term solution; battery-electric is trucking’s long-term winner. The post NACFE: Diesel hits 11.5 mpg while Tesla Semi runs 460 miles in real-world test appeared first on FreightWaves.
How Lumi AI helps CPGs find ‘multi-million-dollar opportunities’ hidden in their supply chain data
Lumi AI is on a mission to "democratize" the process of gleaning insights from supply chain data for CPGs and food manufacturers. The post How Lumi AI helps CPGs find ‘multi-million-dollar opportunities’ hidden in their supply chain data appeared first on AgFunderNews.