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Stifel Likes 'Brown Brown,' Upgrades UPS To Buy
Tuesday, March 10, 2020 - 2:36pm | 379Read More...United Parcel Service, Inc. (NYSE: UPS) emerged as one of the "most interesting" names in the beaten-up stock market and should be bought by investors at current levels, according to Stifel. The UPS Analyst David Ross upgraded UPS from Hold to Buy with a price target lowered from $118 to...
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Morgan Olson Hopes To Take Class 2 By Storm
Thursday, March 5, 2020 - 9:43am | 419Read More...Morgan Olson is hoping to give last-mile delivery providers and independent contractors a better choice when it comes to vehicle selection. The subsidiary of J.B. Pointdexter introduced two Class 2 walk-in vans at the NTEA Work Truck Show on Wednesday, one of which is a fully electric model. The...
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FedEx To Electrify 42 Stations In California
Tuesday, March 3, 2020 - 5:11pm | 353Read More...Through an agreement with Chanje Energy, FedEx Corporation (NYSE: FDX) plans to electrify 42 stations in California, making it one of the largest deployments of charging infrastructure by a single commercial fleet to date. "We believe this will be a game-changer," said Mitch Jackson, FedEx chief...
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Today's Pickup: DHL Ditches Last-Mile Electric Van Project
Monday, March 2, 2020 - 11:45am | 956Read More...Good day, Deutsche Post DHL Group said it will no longer be seeking a buyer for its StreetScooter business and will instead wind down production of the vehicles. StreetScooter, acquired by DHL in 2014, makes electric delivery vehicles. DHL was initially attracted to the startup because it couldn'...
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Atlas Logistics Acquires Last-Mile Delivery Company TopHAT
Monday, February 24, 2020 - 4:56pm | 564Read More...The "booming" final-mile segment continues to experience significant mergers and acquisitions as many transportation providers look to complement their service offerings with in-home delivery. Transportation provider Atlas World Group announced that its subsidiary, Atlas Logistics, has acquired...
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UPS Seeks Exemption For Training On Double Trailers
Monday, February 24, 2020 - 2:52pm | 682Read More...UPS Inc (NYSE: UPS) claims that its "hire from within culture" is clashing with federal driver training regulations so the package delivery giant is pleading its case – once again – to regulators. In a letter sent to the Federal Motor Carrier Safety Administration (FMCSA) on January 23, UPS (NSYE...
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6 Ways Amazon's One-Day Delivery Is Changing Shipping
Wednesday, February 19, 2020 - 3:07pm | 1063Read More...Amazon.com, Inc. (NASDAQ: AMZN) used to be an online company that followed trends. But it morphed into a company that now sets trends. With service like their one-day delivery option, Amazon is going above and beyond to exceed expectations. This option comes with a downside, though. Any service...
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Amazon Purges Three Last-Mile Vendors This Week
Monday, February 17, 2020 - 10:12am | 316Read More...Three owner-operators have lost delivery contracts with Amazon.com, Inc. (NASDAQ: AMZN) this week, resulting in anticipated layoffs for hundreds of drivers. On Friday, Delivery Force notified the state of Washington that it planned to permanently release 272 workers in King and Snohomish counties...
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Amazon Delivery Contractor Bear Down Logistics To Shutter Facilities
Friday, February 14, 2020 - 5:33pm | 468Read More...Bear Down Logistics, a provider of last-mile package delivery for Amazon.com, Inc. (NASDAQ: AMZN), is shutting down seven locations after the online retailer pulled its contract. It's not clear how many facilities the company had, but all indications are that it is going out of business. On...
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Today's Pickup: Nuro The First To Test Autonomous Delivery On Public Streets
Friday, February 7, 2020 - 1:37pm | 671Read More...Good day, Self-driving vehicle startup Nuro has won approval from federal regulators to test its battery-powered driverless delivery vehicles on public streets. According to a news release, the National Highway Traffic Safety Administration granted the Mountain View, California, company a waiver...
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Today's Pickup: Spartan Motors To Focus On Commercial, Last-Mile Delivery Business
Tuesday, February 4, 2020 - 12:20pm | 933Read More...Good day, Spartan Motors (NASDAQ: SPAR), best known as a specialty body builder, has sold its Emergency Response (ER) segment so it can focus efforts on its commercial and retail vehicle industries, which include the Utilimaster brand of van bodies. Spartan sold the ER business, which includes...
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Does UPS Have Too Much Amazon Business?
Friday, January 31, 2020 - 10:00am | 986Read More...UPS Inc. (NYSE: UPS) reported generally solid fourth-quarter operating results, though about $1.9 billion in charges for pension adjustments, network reconfiguration, and the settlement of a court fight with New York state over the alleged shipping of untaxed cigarettes weighed down its net income...
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CES 2020: FedEx, Walgreens Execs Share Last-Mile Delivery Solutions
Tuesday, January 7, 2020 - 10:02am | 1007Read More...Speaking to an audience at the Consumer Electronics Show, the massive technology conference taking place in Las Vegas this week, the chief marketing officers for FedEx Corp (NYSE: FDX) and Walgreens Boots Alliance Inc. (NASDAQ: WBA) shared stories about their last-mile delivery innovations as e-...
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Delivery And Logistics Poised To Take Center Stage In New Decade
Thursday, January 2, 2020 - 10:11am | 1103Read More...The 2010s started with logistics in its traditional place toward the back of the bus. The decade ended with logistics behind the wheel. It began with the sector, like the rest of the U.S. and world economies, digging out from the worst recession in more than 70 years. E-commerce existed but was...
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What's In The Cards For FedEx In 2020?
Thursday, January 2, 2020 - 10:01am | 163Read More...In episode 9 of Great Quarter, Guys, Kevin Hill and JP Hampstead discuss what is going on with FedEx Corporation (NYSE: FDX). What are the odds of the company being acquired, or are reports of FedEx's demise greatly exaggerated? Plus, we talk about the five biggest themes of the freight markets in...
















