freight

Freight companies are dialing back expectations that demand will recover strongly in the second half of the year amid growing economic uncertainty and signs retailers are growing more guarded about placing big orders in 2023.“There was more optimism a few months ago than there is now,” said Paul Svindland, chief executive of Bensenville, Ill.-based logistics provider STG Logistics Inc. Logistics executives say the volumes of goods moving through supply chains have tailed off more than…

Freight operators are rolling out a growing array of options for shippers looking to reduce pollution, from low-carbon aviation and marine fuels to electric trucks.But some shipping executives say companies are proving reluctant to pay the higher prices for alternative fuels and zero-emissions vehicles that can easily double or triple transport costs. Tim Scharwath, chief executive of DHL Global Forwarding, Freight, part of Deutsche Post AG , said talk about…

Norfolk Southern Corp. NSC 1.42% and its rivals said Thursday they have agreed to join a federal system that lets employees confidentially report close calls, a program the biggest freight railroads had refused to join for years.  Transportation Secretary Pete Buttigieg on Monday had asked the chief executives of the seven so-called Class 1 railroads— Union Pacific Corp.…

Uber Freight is teaming up with California-based WattEV, an electric trucking and charging infrastructure company, to launch the company’s first zero-emission electric truck pilot. Uber Freight announces its first electric truck pilot “Electric trucks are finally here,” Uber Freight head of sustainability Illina Frankiv declared after announcing the collaboration. Uber’s (the rideshare company) commercial trucking division, Uber Freights, revealed the strategic partnership Tuesday as part…

C.H. Robinson Worldwide Inc. is standing its ground against an activist investor pushing for a quick and wide-ranging overhaul of the country’s biggest freight broker as the company battles declining freight demand and growing competition. Executives said on an earnings call this week that they are focused on a broad and thorough search for a new chief executive and that they aren’t working on selling C.H. Robinson’s international freight forwarding business, a central goal of investor…

Uber Freight has laid off 150 employees, or about 3% of the segment's total headcount.The layoffs impact the division's Digital Brokerage team, Uber Freight CEO Lior Ron said in a Monday message viewed by CNBC. They are the first layoffs since 2020, in the early weeks of Covid lockdowns.Uber launched its freight unit in 2017 with a belief that trucking companies and laden goods could be matched using the same concept that underpinned the company's ride-hailing technology. The unit booked $1.8 billion in revenue for the…

Amazon has launched Amazon Air, its dedicated air cargo fleet, in India as it bulks up its logistics infrastructure in the key overseas market where it has deployed over $6.5 billion. The retailer has partnered with the Bengaluru-based cargo airline QuikJet to launch its maiden air freight service in the country, which it said will enable the firm to speed up its delivery. The company said it will utilize Boeing 737-800 for the service. “Amazon India uses its own services for delivery of around…

It starts with Dear Somebody, a harmless little waltz sung by the sweet, folky voice of Cathy Jordan (of Irish traditional band Dervish), accompanied by piano (Liam Noble) and drums (Paul Clarvis). It’s all nice and cosy, except for a short instrumental passage, when the drums and piano sound as though they’re struggling to escape. Is it a gag? Could be. Just listen to the other 12 tracks and enjoy the ride. Next comes Don’t Worry About a Thing, the first of four Mose Allison numbers. The folky voice becomes a tough,…

Freight forwarder Flexport Inc. is cutting about 20% of its global workforce, or more than 600 workers, as the digital-focused business copes with falling shipping demand and repositions its operations to offer more supply-chain services.The San Francisco-based company, which raised $935 million nearly a year ago in a funding round valuing the business at $8 billion, announced the layoffs Wednesday in a memo to workers from co-chief executives Ryan Petersen and Dave…

On Monday, the UK government launched a £7M tech fund aiming to decarbonize the freight industry and improve transport links. Over the course of three years, the Freight Innovation Fund (FIF) will go to up to 36 SMEs to develop innovative technologies that can make industrial transport more “efficient,” “resilient,” and “greener.” “Each year in the UK, we transport 1.6 billion tonnes of freight using many different modes of transport, and it has never been quicker or easier,” Nicola Yates OBE,…