Danish shipping and oil group AP Moller-Maersk reported a third-quarter net loss of $1.5 billion, the firm said Nov. 7, citing write-downs in its drilling division and costs from a cyberattack.
November 8, 2017Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
FedEx, Walgreens Say Pickup/Drop Off Service Expanded to More Than 7,500 Walgreens
FedEx is in more than 92% of U.S. Walgreens stores, 10 months after the companies announced a push to expand consumer access to package pickup and drop off services.
November 8, 2017Uber Says It Will Bring Its Flying Taxis to Los Angeles in 2020
In just over two years, Uber says it will let commuters soar over Los Angeles’ snarled traffic in flying taxis.
November 8, 2017Pilot Flying J Ex-President ‘Earned’ Big Bucks, Didn’t Steal Them, Defense Says
Former Pilot Flying J President Mark Hazelwood may be the highest-ranking member of the truck stop giant charged in a $92 million fraud scheme, but his defense attorney made clear Nov. 7 just who was in charge.
November 8, 2017First Self-Driving Shuttle on Public Roads to Launch in Las Vegas
On Nov. 8, Las Vegas residents and visitors will get a chance to hop on the country’s first autonomous shuttle to operate on public roads, thanks to a partnership with AAA.
November 7, 2017Self-Driving Cars Could Save Lives Even Before They’re Perfected, Report Says
Putting self-driving cars on the road sooner rather than later could save hundreds of thousands of lives, according to a report released Nov. 6 by Rand Corp., a Santa Monica policy research nonprofit.
November 7, 2017'Greed and Power' Fueled Pilot Flying J Fraud, Prosecutor Says
Mark Hazelwood wasn’t hurting for money. Neither was Pilot Flying J, his employer and the nation’s largest diesel fuel retailer.
November 7, 2017Qualcomm Confirms Broadcom’s $100 Billion Buyout Offer
Qualcomm confirmed Nov. 6 that it received a buyout offer from Broadcom of $70 a share in cash and stock.
November 6, 2017CVS to Offer Nationwide Next-Day Delivery in Preemptive Shot at Amazon
CVS Health plans to begin offering next-day delivery of prescriptions and retail merchandise from its nationwide network of more than 9,700 stores, marking a potentially preemptive strike at Amazon as the online giant weighs entry into the pharmacy business.
November 6, 2017The 18 Former Employees Charged in the Pilot Flying J Federal Investigation
Eighteen former employees have been charged in the federal investigation of Pilot Flying J, the family business of Jimmy Haslam. Fourteen have pleaded guilty but have not been sentenced.
November 6, 2017