An XPO Logistics (NYSE: XPO) executive forecast Thursday that XPO might need an additional 25-30% of delivery capacity during this fall’s strong peak season.
“We want to go into this peak period and really prove that we’re ready for the Super Bowl and ready to do this,” XPO Last Mile President Erik Caldwell told FreightWaves President George Abernathy during the keynote event, “How Changes in Consumer Demand Are Reshaping the Last Mile,” as part of Thursday’s virtual FreightWaves Last Mile...
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, electric driveline startup Hyliion officially became a public company on Friday. Plus, Uber Freight secures $500 million in funding and trucking’s recovery continued in September.
Hyliion takes a bowAnother trucking startup went public on Friday. Hyliion, which hopes to electrify the industry with its electric driveline, became a publicly traded entity just four days after a reverse merger was...
https://s29755.pcdn.co/news/the-daily-dash-hyliion-goes-public-uber-freight-lands-500m-investment
Launched in 2018, downloads of the Drive XPO app have doubled in 2020, surpassing 200,000 downloads as of Thursday, according to XPO Logistics (NYSE: XPO). More than 65,000 carriers are registered on the associated XPO Connect platform.
“The immediate access to capacity that XPO Connect brings to every transaction is really resonating with shippers and carriers,” Drew Wilkerson, XPO’s president of North American transportation, said in a statement. “September has been another strong month for...
https://s29755.pcdn.co/news/drive-xpo-xpo-connect-technologies-enjoying-rapid-growth-in-2020
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the third-quarter financial report of industry lender BMO suggests positive momentum going forward for carriers. Plus, a Tennessee freight brokerage continues record growth despite the pandemic, and new visibility tools and transportation management system integrations aim to improve carrier and shipper operations.
Hopeful signsThe finances of BMO, a major lender to the trucking sector, appear to...
XPO Logistics has promoted LaQuenta Jacobs to the newly created position of chief diversity officer, effective Monday.
She will provide cultural leadership and strategic direction as an advocate of diversity, equity and inclusion at XPO and report directly to Chairman and CEO Brad Jacobs.
LaQuenta Jacobs has 23 years of experience leading organizational development initiatives for global public companies. She joined XPO in 2018 as the head of human resources for the company’s last-mile business...
https://www.freightwaves.com/news/career-tracks-xpo-appoints-diversity-officer
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, FreightWaves adds exciting new capabilities within its SONAR platform; XPO’s Brad Jacobs talks diversity, automation and more in a 3PL Summit keynote address; and Schneider invests in a new technology platform.
SONAR 7.0SONAR has become the standard in data and analytics for anyone involved in the movement of freight. FreightWaves CEO Craig Fuller unveiled the latest updates to the platform,...
https://s29755.pcdn.co/news/the-daily-dash-sonar-7-0-brad-jacobs-schneider-and-more
Brad Jacobs, chairman and CEO of XPO Logistics (NYSE: XPO), is committed to improving the diverse culture XPO is striving to build for its employees, but doing so requires listening to employees, he said during the keynote address of FreightWaves’ Virtual 3PL Summit on Tuesday morning.
“There is a problem in the country [with] racial inequality and that’s a fact,” Jacobs said. “I think just in the last month, the recognition of that fact has become much more widespread.”
Racial equality was one...
DSV’s withdrawal of its offer for Ceva at CHF30 ($30) per share has again left the consolidation field open.
DSV said it had made a revised proposal, offering Ceva shareholders a premium of 60.4% on Ceva’s share price of CHF18.70 on October 1, or a premium of 45.8% on Ceva’s 60-day volume weighted average price.
But it added: “Based on the unwillingness of the board of directors of Ceva to engage directly with DSV …
The post With DSV out of the running, are there other suitors for Ceva? appeared...