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WAYFAIR UPTURNS LOSS TREND IN SECOND QUARTER AS PANDEMIC RATCHES UP LOGISTICS NETWORK

Wayfair | August 06, 2020

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Wayfair dramatically reversed its trend of quarterly losses in the hundreds of millions in the second quarter when pandemic-driven online home spending ratcheted up the company's immense and admittedly underutilized logistics network, reported executives Wednesday. The company posted $274 million in net income in Q2 after losing $286 million in Q1 and more than $1 billion 2019.The e-tailer reported an 83% year-over-year increase in net revenue in Q2 while doubling the wholesale dollars...

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CARRIERS REPORT REEFER, TRUCK SHORTAGES IN CHINA'S STALLED SUPPLY CHAINS

Supply Chain Dive | February 19, 2020

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China is experiencing a shortage of truck drivers as a result of the COVID-19 outbreak and quarantine, Hapag-Lloyd reported Wednesday. Offices in China, other than its Wuhan location, are open along with all of its terminals and depots. There is also a limited supply of reefer plugs in China's ports, resulting in congestion and a lack of availability COSCO Shipping said in a service alert last week. Ocean carriers are continuing to blank sailings between the U.S. and China with MSC announcin...

Read More

SUPPLY CHAIN

CHAINALYTICS AND O9 SOLUTIONS ANNOUNCE A STRATEGIC PARTNERSHIP

o9 Solutions, Chainalytics | March 22, 2021

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o9 Solutions, a chief AI-driven incorporated planning and operations arrangement supplier, and Chainalytics, a perceived worldwide pioneer in supply chain consulting and analytics, have officially banded together to convey start to finish coordinated planning and operations abilities in Europe. The organization fortifies the situation of the European clients of o9 and Chainalytics in their digital transformation measure. o9 and Chainalytics are as of now supporting clients by exhi...

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TRANSPORTATION

TUSIMPLE AUTOMATES NATION'S FIRST TRUCKING LANE IN ARIZONA, WILL HAUL DRIVER OUT FREIGHT FOR UNION PACIFIC RAILROAD

TuSimple Holdings, Inc. | February 04, 2022

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TuSimple (Nasdaq: TSP), a global autonomous driving technology company, today announced that Union Pacific Railroad, the largest Class I railroad in the U.S., will become the first customer to move freight on TuSimple's fully-automated trucking route between the Tucson and Phoenix, Arizona metro areas. Union Pacific is leveraging Loup Logistics (Loup), a wholly-owned subsidiary, to coordinate the freight shipment and support seamless movement between rail and the critical first and last mile...

Read More
news image

WAYFAIR UPTURNS LOSS TREND IN SECOND QUARTER AS PANDEMIC RATCHES UP LOGISTICS NETWORK

Wayfair | August 06, 2020

Wayfair dramatically reversed its trend of quarterly losses in the hundreds of millions in the second quarter when pandemic-driven online home spending ratcheted up the company's immense and admittedly underutilized logistics network, reported executives Wednesday. The company posted $274 million in net income in Q2 after losing $286 million in Q1 and more than $1 billion 2019.The e-tailer reported an 83% year-over-year increase in net revenue in Q2 while doubling the wholesale dollars...

Read More
news image

CARRIERS REPORT REEFER, TRUCK SHORTAGES IN CHINA'S STALLED SUPPLY CHAINS

Supply Chain Dive | February 19, 2020

China is experiencing a shortage of truck drivers as a result of the COVID-19 outbreak and quarantine, Hapag-Lloyd reported Wednesday. Offices in China, other than its Wuhan location, are open along with all of its terminals and depots. There is also a limited supply of reefer plugs in China's ports, resulting in congestion and a lack of availability COSCO Shipping said in a service alert last week. Ocean carriers are continuing to blank sailings between the U.S. and China with MSC announcin...

Read More
news image

SUPPLY CHAIN

CHAINALYTICS AND O9 SOLUTIONS ANNOUNCE A STRATEGIC PARTNERSHIP

o9 Solutions, Chainalytics | March 22, 2021

o9 Solutions, a chief AI-driven incorporated planning and operations arrangement supplier, and Chainalytics, a perceived worldwide pioneer in supply chain consulting and analytics, have officially banded together to convey start to finish coordinated planning and operations abilities in Europe. The organization fortifies the situation of the European clients of o9 and Chainalytics in their digital transformation measure. o9 and Chainalytics are as of now supporting clients by exhi...

Read More
news image

TRANSPORTATION

TUSIMPLE AUTOMATES NATION'S FIRST TRUCKING LANE IN ARIZONA, WILL HAUL DRIVER OUT FREIGHT FOR UNION PACIFIC RAILROAD

TuSimple Holdings, Inc. | February 04, 2022

TuSimple (Nasdaq: TSP), a global autonomous driving technology company, today announced that Union Pacific Railroad, the largest Class I railroad in the U.S., will become the first customer to move freight on TuSimple's fully-automated trucking route between the Tucson and Phoenix, Arizona metro areas. Union Pacific is leveraging Loup Logistics (Loup), a wholly-owned subsidiary, to coordinate the freight shipment and support seamless movement between rail and the critical first and last mile...

Read More