Cargo

Penske Logistics Recognized as High Performer by U.S. EPA SmartWay Program

Retrieved on: 
Monday, October 17, 2022
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READING, Pa., Oct. 17, 2022 /PRNewswire/ -- Penske Logistics has been recognized by the U.S. Environmental Protection Agency (EPA) SmartWay program as a High Performer in a pair of clean transportation categories.

Key Points: 
  • READING, Pa., Oct. 17, 2022 /PRNewswire/ -- Penske Logistics has been recognized by the U.S. Environmental Protection Agency (EPA) SmartWay program as a High Performer in a pair of clean transportation categories.
  • SmartWay Partners like Penske Logistics annually submit efficiency and air quality performance data to the EPA.
  • The SmartWay program noted that a High Performer such as Penske Logistics consumes less fuel for every mile traveled and for every ton of freight that is moved.
  • "We are very pleased to be recognized by the SmartWay program as a High Performer," said Marc Althen, Penske Logistics president.

Penn Elcom: More than 42 million packages lost or stolen in the US in just 12 months with one in ten people being affected

Retrieved on: 
Monday, October 17, 2022
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LONDON, Oct. 17, 2022 /PRNewswire/ -- Doorstep parcel theft is sweeping the US, according to the first global report on parcel theft.

Key Points: 
  • LONDON, Oct. 17, 2022 /PRNewswire/ -- Doorstep parcel theft is sweeping the US, according to the first global report on parcel theft.
  • According to Google Trends, global searches for 'parcel theft' have rocketed as shoppers continue to order online, especially for seasonal holidays.
  • Simply stating that a package has been dispatched or is on board a last mile delivery vehicle is totally inadequate."
  • The Penn Parcel Box was developed in response to enquiries from customers who had problems with parcels going missing.

UAE parcel theft rockets to an all-time high with over 1.2 million packages lost or stolen in just 12 months

Retrieved on: 
Monday, October 17, 2022
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LONDON, Oct. 17, 2022 /PRNewswire/ -- Doorstep parcel theft is sweeping the UAE, according to the first global report on parcel theft.

Key Points: 
  • LONDON, Oct. 17, 2022 /PRNewswire/ -- Doorstep parcel theft is sweeping the UAE, according to the first global report on parcel theft.
  • More than 1.2 million parcels were lost or stolen, a 1% increase compared to the previous 12 months, despite lockdown restrictions lifting.
  • One in five people in the UAE (19%) were anxious about parcel theft, with this concern more common among male respondents (71%, compared to 29% women).
  • According to the Penn Elcom Global Parcel Theft Report, the UK saw the largest increase in parcel theft and loss over the survey periods (+5%).

XPO Logistics Announces Jason Kerr as Chief Accounting Officer for RXO Spin-Off

Retrieved on: 
Friday, October 14, 2022
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GREENWICH, Conn., Oct. 14, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services, today announced that Jason Kerrwill become chief accounting officer of RXO, the planned spin-off of XPOsbrokered transportation platform.

Key Points: 
  • GREENWICH, Conn., Oct. 14, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services, today announced that Jason Kerrwill become chief accounting officer of RXO, the planned spin-off of XPOsbrokered transportation platform.
  • Kerr has joined XPO as chief accounting officer for theNorth American transportation division, effective immediately.Hereports to Jamie Harris, who, as previously announced, will be chief financial officer of RXO, and currently serves aschief financial officer,North American transportation.
  • Kerr has more than two decades of experience in public company accounting, most recently as chief accounting officer of BWX Technologies, Inc. (BWXT).
  • Drew Wilkerson, incoming chief executive officer of RXO, and current XPO president, North American transportation, said, RXO will spin off as a standalone public company on November 1 with a strong C-suite in place.

Yellow Corporation Schedules Third Quarter 2022 Earnings Conference Call

Retrieved on: 
Thursday, October 13, 2022
GLOBE, NASDAQ, LTL, Yellow, Cargo, YRC Worldwide, Reddaway

NASHVILLE, Tenn., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) announced today that on Wednesday, Nov. 2, 2022, at 4:30 p.m.

Key Points: 
  • NASHVILLE, Tenn., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) announced today that on Wednesday, Nov. 2, 2022, at 4:30 p.m.
  • ET, company executives will host a conference call with the investment community to discuss third quarter 2022 results.
  • The financial results will be released the same day, Nov. 2, 2022, after the market close.
  • Yellow operates one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping services throughout.

Australian parcel theft rockets to an all-time high with the second largest rise than any other country globally

Retrieved on: 
Sunday, October 16, 2022
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LONDON, Oct. 17, 2022 /PRNewswire/ -- Doorstep parcel theft is sweeping Australia, according to the first global report on parcel theft.

Key Points: 
  • LONDON, Oct. 17, 2022 /PRNewswire/ -- Doorstep parcel theft is sweeping Australia, according to the first global report on parcel theft.
  • Almost a quarter of Aussies (23%) feel anxious about parcel theft, with one in five (20%) also in fear of parcels being stolen.
  • "We expect parcel piracy to continue to rise as global parcel deliveries increase3 if measures are not taken.
  • According to Google Trends, global searches for 'parcel theft' have rocketed as shoppers continue to order online, especially for seasonal holidays.

Drone Logistics and Transportation Market - Global Forecast to 2027: Market to Grow by Over 55% with Alphabet, Hardis Group, Zipline, Volocopter, and Textron Dominating - ResearchAndMarkets.com

Retrieved on: 
Thursday, October 13, 2022
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Based on application, the logistics segment is projected to lead the drone logistics and transportation market during the forecast period.

Key Points: 
  • Based on application, the logistics segment is projected to lead the drone logistics and transportation market during the forecast period.
  • Based on application, the drone logistics and transportation market has been segmented into logistics and transportation.
  • The drone logistics and transportation market in the Asia Pacific region is expected to register large share in base year.
  • Major players in the drone logistics and transportation market are Alphabet Inc. (US), Hardis Group (France), Zipline (US), Volocopter GmbH (Germany), and Textron Inc. (US).

Gartner® names nShift a Representative Vendor in Multicarrier Parcel Management Solutions in a new report

Retrieved on: 
Wednesday, October 12, 2022
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LONDON, Oct. 12, 2022 /PRNewswire/ -- Gartner,  a company delivering actionable, objective insight to executives and their teams has released its Market Guide on Multicarrier Parcel Management Solutions and named nShift as a representative vendor.

Key Points: 
  • The new report by Gartner predicts parcel volumes to increase over 100% by 2026 and recommends multicarrier parcel management solutions for optimizing parcel shipments.
  • LONDON, Oct. 12, 2022 /PRNewswire/ -- Gartner, a company delivering actionable, objective insight to executives and their teams has released its Market Guide on Multicarrier Parcel Management Solutions and named nShift as a representative vendor.
  • According to the report, by 2026, global parcel delivery volumes will increase by greater than 100% compared to today's levels - something that will place even greater emphasis on multicarrier parcel management solutions.
  • Gartner mentions, "As parcel deliveries and returns accelerate, focus on multicarrier parcel management solutions is growing as organizations aim to optimize parcel management processes while reducing costs, improving service and maximizing capacity."

XPO Logistics Announces Pricing of RXO’s $355 Million Notes Offering in Connection with RXO Spin-Off

Retrieved on: 
Wednesday, October 12, 2022
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The net proceeds from the notes offering will be held in escrow until certain conditions relating to the spin-off are satisfied.

Key Points: 
  • The net proceeds from the notes offering will be held in escrow until certain conditions relating to the spin-off are satisfied.
  • Ravi Tulsyan, chief financial officer of XPO, said, Were pleased with the successful outcome of the $355 million of notes we priced.
  • Wachtell, Lipton, Rosen & Katz is legal counsel to XPO and RXO in connection with the notes offering.
  • XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.

National Motor Freight Traffic Association Opens Digital Solutions Conference on Cybersecurity To Entire Trucking Industry

Retrieved on: 
Tuesday, October 11, 2022
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ALEXANDRIA, Va., Oct. 11, 2022 /PRNewswire/ -- The National Motor Freight Traffic Association (NMFTA) has announced that its annual Digital Solutions Conference on Cybersecurity, once limited to the LTL industry, will now open to the entire trucking industry. NMFTA has been a leader for more than a decade in addressing cybersecurity issues, including important research work and critical educational efforts on the topic of cybersecurity for the American Trucking Association and other organizations within the industry.

Key Points: 
  • Set for November 13-15 in Alexandria, Conference Was Previously Limited to LTL Industry
    ALEXANDRIA, Va., Oct. 11, 2022 /PRNewswire/ -- The National Motor Freight Traffic Association (NMFTA) has announced that its annual Digital Solutions Conference on Cybersecurity, once limited to the LTL industry, will now open to the entire trucking industry.
  • "We have been having this conference for many years for the LTL industry," said Debbie Sparks, Executive Director of NMFTA.
  • "With so many digital security threats facing the trucking industry, we are very pleased to open the conference up to the entire industry so all will have the opportunity to benefit from these insights."
  • Since 1956, the National Motor Freight Traffic Association, Inc. (NMFTA) has represented the interests of the less-than-truckload (LTL) motor carrier industry.