Day: May 18, 2020

Uber ‘re-evaluating’ non-core units like freight, WSJ reports

Article written by John Paul Hampstead Uber Technologies  (NYSE: UBER) has laid off 3,000 more employees and closed 45 more offices, the Wall Street Journal reports, just after a first round of layoffs that totaled more than 3,700 employees. CEO Dara Khosrowshahi wrote in an email to employees that Uber was “making really, really hard choices right now,” …

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FedEx Teams Up With Microsoft to Fight Amazon. That’s Good for FedEx Stock.

Article written by Al Root Microsoft and FedEx announced an agreement to “transform e-commerce.” FedEx hopes to get a leg up in the delivery battle with Amazon. Photograph by Justin Sullivan/Getty Images Software behemoth Microsoft and logistics giant FedEx are joining forces to “transform e-commerce.” That sounds like a big job. To make it happen the pair are launching cloud-based inventory …

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Logistics Plus Purchases Times-News Building in Erie, Pennsylvania

The 50-year building located at 205 W. 12th Street will remain home to Erie Times-News and its staff. Logistics Plus Inc., a leading worldwide provider of transportation, logistics, and supply chain solutions, has purchased the 88 thousand square foot Times-News Building in Erie, Pennsylvania. The building, located only a block away from the Logistics Plus …

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Key Digital Supply Chain Moves Will Create New Industry Leaders Post-Covid-19

Article written by George Bailey SHUTTERSTOCK_1686405520 Covid-19 is having a devastating impact on world health. It is also hammering the world economy as demand is down, supplies have evaporated, and cash flow has become a challenge for many companies. Companies around the world are struggling to keep their supply chain viable, their financials healthy, and their customers …

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Raven Fleet Tracking Gives Ag Retailers a Comprehensive View of Entire Operation

Newly released Slingshot® Fleet Tracking helps ag retailers better manage their equipment, assets and operations Raven Industries: Slingshot® Fleet Tracking allows users to wirelessly track the location and other important information about their trucks, vehicles, trailers, tanks and other moving assets by providing accurate machine running data in real-time. This gives ag retailers and enterprise …

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Uber’s Re-Evaluation of Freight Follows Steep Losses

Article written by Jennifer Smith The digital freight brokerage unit has won business at a high cost while pushing competitors to invest in technology Uber Technologies Inc.’s truck-brokerage business has helped reshape freight brokerage, but it might not be doing enough to shore up the finances at its parent company. The ride-hailing giant, reeling from the impact …

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