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Top related persons:
Bruce Chan - 5 Chan - 3 Lisa Baertlein - 2 Michael Aldwell - 1 Kuehne + Nagel - 1 Chris Sikora - 1 CH Robinson - 1 Sikora - 1
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Teamsters - 3 FedEx - 3 U.S - 2 Yellow Corp - 2 Thomson - 2 Getty - 1 Logistics - 1 CNBC - 1

Search resuls for: "Bruce Chan"


7 mentions found


☆ A trucking and rail strategy that boomed during pandemic shocks is heating up again
  + stars: | 2024-03-25 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +10 min
The shift in the volume of freight being moved from the East Coast to the West Coast was first highlighted in February in the ITS Port Rail Ramp Freight Index. He said the disruptions from the Suez Canal and Panama Canal have contributed to an almost 20% increase into the West Coast ports. "For our ports, transloading containers is always going to happen and we have the capacity to do more." The West Coast container volume rebound will also have a ceiling. "We probably don't get to the historical 10-year levels of West Coast market share versus East Coast share," Chan said.
Persons: Michael Aldwell, Kuehne + Nagel, Chris Sikora, CH Robinson, Sikora, Tim Robertson, transloading, Paul Brashier, We're, Brashier, Bryan Kempisty, Matt Schrap, Bruce Chan, Chan, CH, Bascome Majors, J.B, Hunt, Schneider, JB Hunt, Jason Seidl, Knight, Swift, Seidl, Larry Organizations: Getty, U.S, Logistics, CNBC, Kuehne, Transportation Intelligence, . Logistics, DHL Global, ITS, Rail, ITS Logistics, Department of Transportation's, PortX Logistics, Harbor Trucking, J.B, Susquehanna International Group, Hub Group, Schneider, Union Pacific, Cowen Group, Universal Logistics Holdings, East, International Longshoremen's Association, Surface Transportation, Canadian Pacific, Kansas City Southern, Uber, Uber Technologies Locations: West Coast, East Coast, Panama, East, Red, Gulf, transload, transloading, West, Suez, Hunt, CH Robinson, Sea, Mexico, Kansas, Mobile , Alabama, Coatzacoalcos, Veracruz, Gulf of Mexico
☆ Trucking giant Yellow declares bankruptcy after nearly 100 years in business
  + stars: | 2023-08-07 | by ( Associated Press | ) www.businessinsider.com   time to read: +5 min
Trucking giant Yellow declared bankruptcy and will shut down. The company received a $700 million loan from the federal government in 2020. Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. The Teamsters supported the $700 million loan when it was first announced.
Persons: Darren Hawkins, Sean O'Brien, Yellow, Trump, Bruce Chan Organizations: Teamsters, Morning, Yellow Corp, New England Motor, Former, FedEx, ABF, YRC, Inc, Street, Central States Health, Welfare Fund, U.S, Bankruptcy, Treasury Department, Treasury, Defense Locations: U.S, Nashville , Tennessee, Delaware
☆ Yellow Corp demise seen boosting rates for rival US truckers
  + stars: | 2023-07-31 | by ( Lisa Baertlein | Thomson Reuters | Lisa Baertlein Covers The Movement Of Goods Around The World | ) www.reuters.com   time to read: +3 min
Yellow's demise underscores the shift in the U.S. trucking industry from too few trucks and truck drivers during the pandemic to too many today. Most U.S. trucking companies have about 20% spare capacity in their networks, Stifel analyst Bruce Chan said in a client note on Monday. Yellow struggled for more than a decade after loading up on debt from acquisitions of rival trucking firms Roadway and USF. Still, it is not good news for Yellow's customers, which likely will face double-digit price increases when they turn that business over to companies, Chan said. "If you weren't prepared for this, it's probably a pretty tough day for you," Adamo said of Yellow's customers.
Persons: Bruce Chan, Chan, Stifel's Chan, Donald Trump, Ken Adamo, it's, Adamo, Lisa Baertlein, Marguerita Choy Organizations: Yellow Corp, Walmart, Teamsters, Forward, TFI, FedEx Freight, Dominion, Apollo Global Management, Analytics, Thomson Locations: ANGELES, U.S, USF, Los Angeles
☆ UPS strike could be costliest in US in a century, study says
  + stars: | 2023-07-13 | by ( Lisa Baertlein | Thomson Reuters | Lisa Baertlein Covers The Movement Of Goods Around The World | ) www.reuters.com   time to read: +3 min
That estimate from Michigan-based Anderson Economic Group (AEG) includes UPS customer losses of $4 billion and lost direct wages of more than $1 billion. A 15-day UPS strike in 1997 disrupted the supply of goods, cost the world's biggest parcel delivery firm $850 million and sent some customers to rivals like FedEx (FDX.N). Roughly 340,000 union-represented UPS workers handle about a quarter of U.S. parcel deliveries and serve virtually every city and town in the nation. A strike could delay millions of daily deliveries, including Amazon.com (AMZN.O) orders, electronic components and lifesaving prescription drugs, shipping experts warned. In fiscal 2019, GM's fourth-quarter profit took a $3.6 billion hit from a 40-day UAW strike that shut down its profitable U.S. operations.
Persons: Patrick Anderson, Anderson, GM's, Bruce Chan, Chan, Lisa Baertlein, Priyamvada, Pooja Desai, Jonathan Oatis, David Gregorio Our Organizations: United Parcel Service, Anderson Economic Group, AEG, UPS, FedEx, stoke, International Brotherhood of Teamsters, Teamsters, Consumers, UAW, Teamster, Thomson Locations: U.S, Michigan, Los Angeles, Bengaluru
☆ FedEx earnings show uncertain market outlook, says Stifel's Bruce Chan
  + stars: | 2023-06-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx earnings show uncertain market outlook, says Stifel's Bruce ChanStifel Global Logistics Analyst Bruce Chan joins 'Squawk on the Street' to discuss FedEx as the company’s shares slipped after the shipping giant reported quarterly results.
Persons: Stifel's Bruce Chan Stifel, Bruce Chan Organizations: FedEx, Stifel's Bruce Chan Stifel Global Logistics
☆ FedEx to outline plans for fiscal 2024, 2025 cost reductions
  + stars: | 2023-04-05 | by ( ) www.reuters.com   time to read: +1 min
LOS ANGELES, April 5 (Reuters) - FedEx Corp (FDX.N) on Wednesday will lay out the next steps in its plan to slash $4 billion in permanent costs by the end of fiscal 2025. Executives at the Memphis, Tennessee-based package delivery company last month said they were on track to hit $1 billion in permanent cost cuts this fiscal year ending May 31 - putting FedEx well on its way toward its 2025 goal. Most of those cost savings have come from FedEx's Express division that offers next-day delivery and contributes the largest share of company revenue. Among other things, FedEx has parked Express planes, retired older MD-11 aircraft and laid off 10% of officers and directors to reduce costs. Reporting by Lisa Baertlein in Los Angeles; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.
☆ FedEx cost cuts stanch losses, analysts see need for more
  + stars: | 2022-12-21 | by ( ) www.reuters.com   time to read: +2 min
Shares in FedEx rose 4.7% to $172 at midday Wednesday, a level far below their 52-week high of $266.79. FedEx has been underperforming its unionized rival United Parcel Service (UPS.N), which is squeezing greater profit from its leaner, more streamlined operating structure. FedEx has outlined plans to integrate its disparate businesses, revive its long-troubled Europe operations and appease activist investor D.E. On Tuesday, FedEx issued a new 2023 profit forecast, signaling that it may be "finding the floor," Susquehanna analyst Bascome Majors said. Reporting by Lisa Baertlein in Los Angeles; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
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