Reorganization

FedEx rebrands aircraft, ground vehicles with new logo

FedEx is rolling out a new paint scheme for its freighter aircraft to reflect the combination underway of the Express and Ground networks, a strategic effort designed to increase efficiency and cut costs by reducing overlapping infrastructure.

The parcel delivery giant this year began covering cargo jets with new graphics to represent the unified brand under the One FedEx model, Justin Brownlee, senior vice president for flight operations and network planning, informed airline employees last...

https://www.freightwaves.com/news/fedex-rebrands-aircraft-ground-vehicles-with-new-logo

Who wants a piece or two of Proterra?

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Those surprised by Proterra Inc.’s Chapter 11 bankruptcy filing earlier this month probably should...

https://www.freightwaves.com/news/who-wants-a-piece-or-two-of-proterra

Trailer maker Wabash pulls ahead despite signs of cooling economy

Worker affixing black Wabash mud flap to a trailer

A renamed and reorganized Wabash sees signs of economic weakening, but nothing preventing optimism for its trailer and last-mile equipment business.

“We appreciate the warning signs in the broader environment,” Wabash CEO Brent Yeagy told analysts Wednesday following the release of second-quarter earnings. 

Strong industrial production and demand for big-ticket durable goods offset tighter credit, weakening consumer sentiment and persistent supply shortages. The Federal Reserve on Wednesday...

https://www.freightwaves.com/news/trailer-maker-wabash-pulls-ahead-despite-signs-of-cooling-economy

TravelCenters of America begins reopening dine-in restaurants

TravelCenters of America sign with truck

TravelCenters of America (NASDAQ: TA) is slowly reopening dine-in restaurants at its travel plazas where allowed, but some changes forced by the COVID-19 pandemic may never be reversed.

“We have already undertaken rolling some locations on and we’re doing it in a prudent and self-disciplined way,” TA CEO Jon Pertchik said on a first-quarter earnings call on Tuesday. 

That means fewer hours, about half as many menu items, and as little as 25% occupancy based on state-by-state guidelines. It also...

https://www.freightwaves.com/news/travelcenters-of-america-begins-reopening-dine-in-restaurants

TravelCenters of America cuts 130 jobs in sweeping reorganization

TA travel center at night

TravelCenters of America (NASDAQ: TA) is cutting 130 corporate jobs as part of a sweeping reorganization announced Friday that adds new executives to oversee restaurants, gaming and convenience stores, corporate development and information technology.

The Westlake, Ohio-based operator of 260 TA, Petro Stopping Centers and TA Express-branded travel centers and truck stops in 44 states and Canada, has more than 21,000 employees.

The reorganization is unrelated to the April 17 furlough of 2,900...

https://www.freightwaves.com/news/travelcenters-of-america-cuts-130-jobs-in-sweeping-reorganization