XPO Logistics has announced former Amazon exec Kenneth Wagers as its new Chief Operating Officer, with responsibility for the company's operations in 32 countries. Troy Cooper, who formerly served as Chief Operating Officer and transportation segment leader, has been promoted to the newly created position of President. Both roles are effective immediately. Wagers’ career in the supply chain sector includes senior positions with three global leaders: Amazon.com, Dr Pepper Snapple Group ...
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XPO Logistics has announced the introduction of XPO Connect, a cloud-based, digital freight marketplace, saying the platform is fully automated, self-learning and dynamic. It is designed to provide shippers with a single point of entry for visibility across modes in real time, making it possible to identify opportunities for time and cost savings. Through XPO Connect, the company says shippers gain access to business intelligence they can use to purchase transportation more efficiently; this inc...
SUPPLYCHAINDIGITAL
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Mitsubishi Electric has awarded Yusen Logistics a contract renewal. Yusen provides all inbound logistics, from palletised and handball containers through to picking product for dispatch, as well as total reverse logistics, with an onsite workshop for repairs, re-work, testing and checking of recycled goods. “Over the past 11 years, we have seen customer behaviours and demands develop, with a critical focus now on product availability within a specific delivery time-frame,” said Mark ...
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CEVA Logistics has started the process of repaying debt following its recent flotation on the Swiss Six exchange which raised CHF 1.2 billion (£890m). The group expects to either repay or refinance the majority of its debt over the coming months – its balance sheet at 31st December shows long term borrowings of some $2.2bn (£1.6bn). Finance expenses in 2017 totalled $238m (£176m) which meant that the group made a pre-tax loss of $179m (£132m). Unveiling its first-qu...
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The shipping firm CMA CGM has reached an agreement to acquire almost 25% of CEVA Logistics AG. CMA CGM has committed to subscribe for mandatory convertible securities of CEVA in an estimated amount between $389.8mn and $461.65 million CHF. These securities will be convertible into CEVA common shares subject to obtaining all required regulatory approvals. With this transaction, CMA CGM aims to grow its presence in the logistics sector, a business closely related to shipping. A global leader in lo...
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The personal information of more than 100 truck drivers may have been compromised during a recent hack of two Idaho Transportation Department e-mail accounts. According to a press release issued by Gov. C.L. “Butch” Otter Feb. 12, the hack potentially exposed sensitive information, including Social Security and credit card numbers, of commercial vehicle drivers who are registered in Idaho. State Information Security Director Jeff Weak said ITD’s Division of Motor Vehicles has n...
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