Established U.S. logistics firms say digital-friendly freight startups that are drawing growing interest in Silicon Valley still lack the scale and customer relationships to threaten their share of the market.
Freight-hauling firms slowed their roll in ordering new trucks last month, as backlogs at equipment factories spiked following record demand for new vehicles in the first quarter.
Anheuser-Busch, which ordered 40 electric semi trucks from Tesla last December, on Thursday upped its bet on a green fleet by placing a substantially larger order with a competitor.
Amazon.com Inc’s 20-percent hike in the cost of Prime membership should deliver more than $1bn in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Friday.
United Parcel Service Inc. is ramping up a “transformation” plan to cut costs across the organization as the delivery firm responds to changes in how people shop and nontraditional competitors such as Amazon.com Inc.
Truck maker AB Volvo beat first-quarter expectations thanks to strong demand for trucks and construction equipment across most markets but cautioned that its supply chain was coming under pressure.
Maersk and Rockstart, a European startup accelerator, have partnered in an initiative called FoodTrack to foster startups with ideas for tackling global food loss.
DHL and IBM have released a joint report on the development of artificial intelligence (A.I.) technology and its potential to change the logistics industry — noting that, in many ways, A.I. is already making profound changes to the retail environment, not all of which are positive.