walmart

Pandemic sparks 97% jump in e-commerce sales for Walmart

Entrance to Walmart

Retail giant Walmart Inc. (NYSE: WMT) reported a surge in earnings on the back of COVID-19 in its Tuesday fiscal second-quarter 2021 (ended July 31) report. The Bentonville, Arkansas-based company reported adjusted earnings per share (EPS) of $1.56, outpacing analysts’ forecasts of $1.25.

Comparable sales grew 9.3% year-over-year in the U.S., with e-commerce sales climbing 97%. The company cited high demand for general merchandise and food as the drivers.

“Q2 sales started strong, both in store...

https://s29755.pcdn.co/news/pandemic-sparks-97-jump-in-e-commerce-sales-for-walmart

J.B. Hunt gets dibs on trying out Freightliner electric eCascadia

J.B. Hunt Transport eCascadia

J.B. Hunt Transport Inc. is running drayage from the Port of Los Angeles in a Freightliner eCascadia battery-electric truck.

The subsidiary of J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) is the first of 14 companies to try the zero-tailpipe-emission Class 8 tractor as part of Daimler Trucks North America’s (DTNA) expanded exposure to fleets ahead of taking orders in late 2021.

DTNA has accumulated more than 300,000 electric miles on 20 eCascadias and 10 Class 6 medium-duty eM2 106 trucks...

https://s29755.pcdn.co/news/jb-hunt-gets-dibs-on-trying-out-freightliner-electric-ecascadia

Pandemic rapidly accelerating e-commerce in Mexico

COVID-19 has significantly altered consumer shopping patterns across Mexico, according to industry insiders.

Mexico’s largest e-commerce platforms — WalMart, Amazon and MercadoLibre — all reported gains in users and revenue during the second quarter of 2020.

Walmart de Mexico (BMV: WALMEX.MX), Walmart’s Mexico unit, reported online sales grew 217% in the second quarter and now make up 4.5% of total sales in Mexico. Walmart is the largest retailer in Mexico.

“As social distancing measures became...

https://s29755.pcdn.co/news/pandemic-rapidly-accelerating-e-commerce-in-mexico

FreightCasts Weekly Recap: (7/27-8/2)

You can find every FreightWaves podcast conveniently in one feed via the free FreightCasts channel on freightwaves.com/podcasts, iTunes, Spotify or wherever podcasts are found. 

Subscribe to FreightCasts and never miss a FreightWaves podcast.

The full list of FreightWaves media can be streamed via the FreightWavesTV app available for your smartphone, Apple TV, Roku and Fire TV. The app is free on all platforms.

Users of the FreightWavesTV app also have access to a full lineup of FreightWavesTV...

https://www.freightwaves.com/news/freightcasts-weekly-recap-7-27-8-2

Michelin rolling out tire distribution through South Carolina inland port

Michelin North America will export its finished tires from its South Carolina distribution center through Inland Port Greer, which connects to the Port of Charleston via overnight rail service.

The South Carolina Ports Authority (SCPA) said Michelin’s decision to move tires through Inland Port Greer builds on an existing supply chain partnership. Michelin began moving raw materials through the inland port in 2015.

Inland Port Greer is about 10 miles from Michelin’s 3 million-square-foot Southeast...

https://s29755.pcdn.co/news/michelin-rolling-out-tire-distribution-through-south-carolina-inland-port

CSCMP Distinguished Service Award winner: the story of Matthew Waller

Matt Waller given CSCMP award

Matthew Waller looked at his calendar and saw that he had a meeting scheduled with Doug McMillion, CEO of Walmart (NYSE: WMT). He didn’t remember scheduling such a meeting, so he asked his assistant about it, only to be told it was a meeting requested by McMillion.

“It had me nervous. I wondered if I had screwed something up,” Waller, dean of the Sam M. Walton College of Business and professor of Supply Chain Management at the University of Arkansas. told FreightWaves. The meeting, it turned...

https://s29755.pcdn.co/news/cscmp-distinguished-service-award-winner-the-story-of-matthew-waller

NATSO, ATA urge wearing masks at truck stops

NATSO and the American Trucking Associations (ATA) are urging all who pass through highway travel plazas and truck stops to wear masks to reduce the spread of COVID-19. 

The call from the two groups tied to trucking followed an edict from Love’s Travel Centers earlier this week. The operator of 520 locations requires face coverings in beginning next Wednesday.

President Donald Trump is now encouraging the wearing of face coverings after ridiculing masks and declining to wear one in most public...

https://s29755.pcdn.co/news/natso-ata-urge-wearing-masks-at-truck-stops

Walmart picks site near Port of Charleston for distribution center

Walmart (NYSE: WMT) announced plans Monday to build a $220 million, 3 million-square-foot distribution center in Dorchester County, South Carolina, that is expected to increase volumes at the Port of Charleston by about 5%. 

“Walmart is the recognized leader in supply chain innovation and performance. Having this world-class company choose our market for their distribution center is the ultimate vote of confidence,” said South Carolina Ports Authority (SCPA) President and CEO Jim Newsome.

“Walmart...

https://s29755.pcdn.co/news/walmart-picks-site-near-port-of-charleston-for-distribution-center

Walmart Canada adds DCs, supply chain tech in C$3.5B push

A view from inside a Walmart distribution center. Walmart Canada is adding two distribution centers as part of a larger investment.

Walmart Canada plans to build two new distribution centers and bring more technology into its supply chain as part of a C$3.5 billion (US$2.6 billion) investment to grow its e-commerce and in-store operations. 

Walmart said it will spend C$1.1 billion to construct the new distribution centers near Toronto and Vancouver and renovate an existing one in Ontario. 

“The retail business is as dynamic as ever and this investment ensures we’re developing a supply chain that is the envy of the world,”...

https://s29755.pcdn.co/news/walmart-canada-adds-dcs-supply-chain-tech-in-c3-5b-push

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