DIRS.INFO The most relevant business & tech news

☆ Stocks are having their best run since 2021. Can they beat the August doldrums?
▼ + stars: | 2023-08-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

On average, August has been the worst performing month for stocks since 1986, according to Morningstar. That means the dwindling number of traders who remain must take extra care in a such a potentially volatile environment. 99-year-old trucking company Yellow shuts downYellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers, reports my colleague Chris Isidore. He said the company began taking on significant amount of debt 20 years ago in order to acquire other trucking companies. “Now their debt service is just enormous,” he said, pointing to $1.5 billion in debt on its books.

Persons: Morningstar, It’s, it’s, ”, Michael Landsberg, Landsberg, “, ” Jackson, Jerome Powell, Barbie, Barbie ”, “ Oppenheimer, Eva Rothenberg, “ Barbenheimer ”, “ Barbie, Chris Isidore, Satish Jindel, Tom Nightingale, Read Organizations: CNN Business, Bell, New York CNN, Nasdaq, Apple, Landsberg Bennett, Wealth Management, Federal Reserve Bank of Kansas, Fed, Dow, AMC, Oppenheimer AMC Theaters, CNN, Warner Bros, Corp, Teamsters, AFS Logistics, “ Locations: New York, Jackson Hole , Wyoming, Washington, Nashville , Tennessee

☆ Laid off Yellow drivers are going to have a tough time finding similar quality jobs
▼ + stars: | 2023-08-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Roper, who turns 59 in October, said he’s not ready to retire and has already started applying for jobs elsewhere. He’s worked 28 years at Holland Freight, which Yellow bought in 2005. In contrast, less-than-truckload carriers have relatively low driver turnover, an average of 18% to 20%, according to Jindel, which means those jobs, already less numerous than truckload jobs, are open far more rarely. He said he’s already gotten some positive response from some of the LTL carriers he’s applied to, so he’s hopeful. But if that doesn’t work out, he said, he’ll consider looking at jobs in the truckload sector.

Persons: Mark Roper, Roper, he’s, hasn’t, He’s, “, ”, they’re, ” Roper, Satish Jindel, he’ll, Covid, Tom Nightingale Organizations: New, New York CNN, Holland Freight, CNN, UPS, ABF, Drivers, AFS Logistics, Teamsters Locations: New York, truckload

☆ 99-year old trucking company Yellow shuts down, putting 30,000 out of work
▼ + stars: | 2023-07-31 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Yellow Corp., a 99-year old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers. The unionized company has been in a battle with the Teamsters union, which represents about 22,000 drivers and dock workers at the company. This is a sad day for workers and the American freight industry,” said Teamsters President Sean O’Brien in a statement. Eventually non-union carriers came to dominate the LTL segment as well. Yellow, Roadway and a third company known as CF or Consolidated Freightways had once been known as the Big Three of the trucking industry.

Persons: Satish Jindel, ”, Sean O’Brien, Jindel, “, Consolidated Freightways Organizations: New, New York CNN — Yellow Corp, Teamsters, CF, Consolidated, Yellow Corp Locations: New York, New Penn, Holland

☆ Yellow Corp trucking company shares plunge as bankruptcy looms
▼ + stars: | 2023-07-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees. But the company handled only about 7% of the nation’s 720,000 daily LTL shipments last year, said Jindel. Higher prices will particularly be true for Yellow customers, Jindel said. But the LTL segment requires a network of terminals on which to sort incoming and outgoing freight. But eventually non-union carriers came to dominate the LTL segment as well.

Persons: Satish Jindel, “, ”, FreightWaves, Yellow, Sean O’Brien, —, Jindel Organizations: New, New York CNN, Yellow Corp, Teamsters, CNN, Street, Industry, International Brotherhood of Teamsters, Taxpayers Locations: New York, New Penn, Holland

☆ UPS-Teamsters tentative agreement, explained
▼ + stars: | 2023-07-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

But if the Teamsters vote yes, there are a number of clear winners. Teamsters members at UPSThe deal include many of the main bargaining goals sought by the union. He still has to worry about about a strike against one or more major automakers by the United Auto Workers union in September. But averting a Teamsters strike is one fewer thing for him to worry about. The last time the Teamsters members at UPS voted on a tentative deal, they voted it down.

Persons: Martin Luther King Jr, “, ”, Carl Morton, Joe Biden, Joe Biden’s, Still, Biden, He’s, Sean O’Brien, Satish Jindel, it’s, There’s, ” O’Brien, he’s Organizations: New, New York CNN, UPS, Teamsters, CNN, Anderson Economic Group, United Auto Workers, UAW, Tuesday, Labor Statistics, Labor Department, Hollywood, Teamsters Tuesday, FedEx Locations: New York, Philadelphia, Michigan

☆ Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves
▼ + stars: | 2023-07-19 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

[1/2] A New Zealand Dollar note is seen in this picture illustration June 2, 2017. Against a basket of currencies, the U.S. dollar rebounded from a 15-month low hit in the previous session, with its index steadying at 99.943 in early Asia trade. Sterling <GBP=D3> bought $1.3035, ahead of UK inflation data due later on Wednesday. "The stickiness of UK inflation measures has contrasted notably with price measures in both the euro zone and the U.S. which have been moving lower," said Rabobank's head of FX strategy Jane Foley. "While inflation is 'lower', it is not 'low' by any stretch of the imagination.

Persons: Thomas White, Tina Teng, Klaas, Jane Foley, Satish Ranchhod, Kazuo Ueda, Rae Wee, Shri Navaratnam Organizations: REUTERS, New Zealand, U.S ., U.S, CMC Markets, Reuters, Federal Reserve, European Central Bank, ECB, Sterling, Bank of, Reserve Bank of New, Westpac, Australian, Bank of Japan, Thomson Locations: SINGAPORE, Asia, U.S, Bank of England, New Zealand, Reserve Bank of New Zealand

☆ Dollar tentative, kiwi jumps as New Zealand inflation data tempers rate doves
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: +3 min

English, American and New Zealand currency around a paper map of the world. The dollar held just above an over one-year low on Wednesday as traders assessed the U.S. rate outlook, while the New Zealand dollar spiked briefly after a higher-than-expected inflation reading pushed back prospects of policy easing further out. Sterling bought $1.3035, ahead of U.K. inflation data due later on Wednesday. "The stickiness of U.K. inflation measures has contrasted notably with price measures in both the euro zone and the U.S. which have been moving lower," said Rabobank's head of FX strategy Jane Foley. "While inflation is 'lower', it is not 'low' by any stretch of the imagination.

Persons: Tina Teng, Klaas, Sterling, Jane Foley, Satish Ranchhod, Kazuo Ueda Organizations: New Zealand, U.S ., U.S, CMC Markets, Reuters, Federal Reserve, European Central Bank, ECB, Bank of, Reserve Bank of New, Westpac, Australian, Bank of Japan Locations: Zealand, Asia, U.S, Bank of England, New Zealand, Reserve Bank of New Zealand

☆ India blasts Chandrayaan-3 lander toward moon's south pole
▼ + stars: | 2023-07-14 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +3 min

About 16 minutes later, ISRO's mission control announced that the rocket had succeeded in putting the Chandrayaan-3 lander into an Earth orbit that will send it looping toward a moon landing next month. India's much-awaited moon mission Chandrayaan-3 has been scheduled for launch on July 14, 2023. [1/5]India's LVM3-M4 lifts off carrying the Chandrayaan-3 lander from the Satish Dhawan Space Centre at Sriharikota, India, July 14, 2023. The lunar landing is expected on Aug. 23, ISRO has said. Modi had earlier said on Twitter that the moon mission "will carry the hopes and dreams of our nation".

Persons: Jai Hind, Satish, Space, Stringer, ISRO's, Narendra Modi's, Modi, India, Technology Jitendra Singh, Nivedita, Kevin Krolicki, Jamie Freed, Mark Heinrich Our Organizations: Indian Space Research, Soviet, YouTube, REUTERS, ISRO, Twitter, State for Science, Technology, Skyroot Aerospace, Thomson Locations: BENGALURU, Andhra Pradesh, India, United States, Soviet Union, China, Sriharikota, Bengaluru

☆ Chandrayaan-3: India shoots for the moon with historic lunar mission
▼ + stars: | 2023-07-13 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

CNN —India is bidding to become only the fourth country to execute a controlled landing on the moon with the launch Friday of its Chandrayaan-3 mission. Its first lunar probe, the Chandrayaan-1, orbited the moon and was then deliberately crash-landed onto the lunar surface in 2008. Only three other countries have achieved the complicated feat of soft-landing a spacecraft on the moon’s surface – the United States, Russia and China. India’s maiden lunar mission, Chandrayaan-1, discovered water molecules on the moon’s surface. Eleven years later, the Chandrayaan-2 successfully entered lunar orbit but its rover crash-landed on the moon’s surface.

Persons: Satish, Space, It’s, Narendra Modi, Modi, Kailasavadivoo Sivan, Joe Biden Organizations: CNN, Indian Space Research Organization, ISRO, Indian, Soviet Union, Hollywood, Space, – Locations: India, Sriharikota, Andhra Pradesh, United States, Russia, China, Washington

☆ Free shipping as we knew it is over
▼ + stars: | 2023-07-11 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Most online shoppers have come expect free shipping, according to a recent survey. It says companies like Macy's and Abercrombie & Fitch have raised their free shipping minimums online. Free shipping "wasn't going to last, and finally the party is over," Satish Jindel, president of shipping data company ShipMatrix, told the Journal. According to data from shipping technology firm Shippo, nearly two-thirds of Americans said they wouldn't buy something online without free shipping. "Having some type of free shipping option is now a permanent expectation," Krish Iyer, vice president of strategic partnerships at shipping software company Auctane, told Insider earlier this year.

Persons: Fitch, Narvar, Satish Jindel, minimums, Krish Iyer Organizations: Service, Privacy, Wall Street Journal, Retailers, Abercrombie, Amazon, Amazon Prime, Insider Intelligence, Carriers, UPS, FedEx, DHL Locations: Wall, Silicon, Narvar

☆ The US economy can’t function smoothly without UPS. That’s why a strike will hurt
▼ + stars: | 2023-07-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

That’s why there is so much at stake in contract negotiations between UPS and the Teamsters union. Without a deal, 340,000 Teamsters are preparing to go on strike at the nation’s largest trucking company starting August 1. A UPS strike could spread disruptions like that across much of the country. Their ability to adjust and find alternatives, it’s going to be challenging.”The economy has changed radically in the 26 years since the last UPS strike in 1997. UPS won’t comment on its contingency plans, saying it is focused on reaching a deal that would avoid a strike.

Persons: ”, Patrick Anderson, It’s, “, Sean O’Brien, O’Brien, it’s, Holly Wade, Satish Jindel, Mike Eisner, Jindel, Eisner, Tommy Storch, you’ll, it’ll, ” Storch Organizations: New, New York CNN, UPS isn’t, UPS, Teamsters, Anderson Economic Group, CNN, “ Shipping, National Federation of Independent Business, FedEx, US Postal Service, Postal Service, USPS Locations: New York, Michigan

New York CNN —A marathon negotiating session between UPS and the Teamsters union ended early Wednesday morning with both sides accusing the other of walking away from the table. The current contract expires July 31, which means 340,000 UPS workers could go on strike August 1. Many in the shipping community had been looking for a deal between UPS and the teamsters by the end of the July 4 holiday weekend, he said. Amazon also has its own delivery service now. Neither side has publicly detailed the economic offer that UPS made or what the Teamsters are demanding.

Persons: Satish Jindel, ”, ” Jindel, —, Sean O’Brien, “, ” What’s Organizations: New, New York CNN, UPS, Teamsters, US Postal Service, nonunion FedEx, teamsters, FedEx, Postal Service Locations: New York, ”

☆ Keysight to buy French software firm ESI Group for nearly $1 bln
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - Electronic equipment maker Keysight Technologies (KEYS.N) said on Wednesday it would acquire a controlling stake in French software firm ESI Group (ESIG.PA) in a 913 million euros ($995.81 million) deal. "Keysight's acquisition of ESI Group accelerates our strategy of providing software-centric solutions with virtual prototyping and advanced simulation capabilities," Keysight CEO Satish Dhanasekaran said in a statement. Once the deal is completed, Keysight will launch a mandatory tender offer for the remaining outstanding shares of ESI Group, it said. Th deal will increase Keysight's software revenue and annual recurring revenue, or ARR, Keysight said in a statement. ESI Group provides services in more than 15 countries and has about 1,000 employees.

Persons: Satish Dhanasekaran, Keysight, Th, Lavanya, Subhranshu Sahu, Rashmi Organizations: Keysight Technologies, ESI, ESI Group, Thomson Locations: California, Bengaluru

☆ Indian police retain carrier pigeons as backstop against disasters
▼ + stars: | 2023-06-20 | by ( Sunil Kataria | ) www.reuters.com time to read: +2 min

Dating from the days of British colonial rule when police stations used the birds to communicate with each other, the state's carrier pigeon service employs more than 100 Belgian Homer pigeons. The pigeons usually carry messages written on lightweight onion paper, inserted into a capsule and then tied to a leg. As they get older, the pigeons are taken some distance away to be freed and fly back to the shelter by instinct. Carrier pigeons took news of the conquest of Gaul to Rome, brought to England the news of Napoleon’s defeat at Waterloo, and were widely used to carry messages during the two world wars. "Even in the unlikely event that every mode of communication breaks down tomorrow, the pigeons will never fail," he said.

Persons: Sunil Kataria, Belgian Homer, Satish Kumar Gajbhiye, Parshuram Nanda, Nanda, Gajbhiye, Anil Dhir, Sakshi Dayal, Clarence Fernandez Organizations: REUTERS, Police, Waterloo, Independence, Thomson Locations: Belgian, Cuttack, Odisha, India, Sunil Kataria CUTTACK, Gaul, Rome, England

FBI agents flew with van der Sloot on a US Department of Justice plane to an airport in Birmingham, Alabama, where he landed Thursday afternoon. Van der Sloot was seen leaving the Ancón 1 prison in Lima early Thursday, as he was driven away in a black van while in the custody of law enforcement. Peru initially agreed to extradite van der Sloot to the US to face those charges only after he serves his murder sentence. “I want to go to the US,” van der Sloot told Altez in a letter. Holloway was last seen alive with van der Sloot and two other men leaving a nightclub in Aruba 18 years ago.

Persons: Joran van der Sloot, Natalee Holloway, van der Sloot, Holloway’s, Beth Holloway, John Kelly, van, Sloot, –, Van der Sloot, Daniel Maurate, ”, Joran Van Der Sloot, Elizabeth Ann Holloway, Maximo Altez, Altez, ” van der Sloot, Stephany Flores, Holloway, – van der Sloot, Deepak, Satish Kalpoe Organizations: CNN, Alabama, Dutch, FBI, US Department of Justice, Northern District of Alabama, Agents, Peru’s Air Force Base Grupo, ”, CNN en Espanol, Police Locations: United States, Aruba, Birmingham , Alabama, Northern District, Netherlands, Holloway’s, Alabama, Peru, Lima, Lima , Peru, America

“I want to go to the US,” Van der Sloot told Altez in a letter. Van der Sloot was convicted in 2012 of murdering Stephany Flores, 21, in his Lima hotel room and sentenced to 28 years in prison. Peru initially agreed to extradite Van der Sloot to the US to face those charges only after he serves his murder sentence. Peru agreed to Van der Sloot’s “temporary relocation to the United States, because he is condemned here and he must serve his sentence here,” Justice Minister Daniel Maurate said. Police in Aruba arrested and released the three men – van der Sloot and brothers Deepak and Satish Kalpoe – multiple times in 2005 and 2007 in connection with Holloway’s disappearance.

Persons: Joran Van der Sloot, Natalee Holloway, Maximo Altez, Altez, ” Van der Sloot, Van der Sloot, Stephany Flores, he’s, Van der, Daniel Maurate, ” Holloway, – van der Sloot, Deepak, Satish Kalpoe Organizations: CNN, Joran, CNN en Espanol, ”, Aruba . Police Locations: Alabama, Peru, Lima, United States, Aruba, An Alabama

☆ At least 50 dead, 350 injured in train crash in eastern India, media report
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

BHUBANESWAR/KOLKATA June 2 (Reuters) - At least 50 people were killed and 350 injured when two passenger trains collided in the eastern Indian state of Odisha on Friday, Indian media reported. The Coromandel Express, which runs from Kolkata to Chennai, collided with another passenger train, the Howrah Superfast Express, railway officials said. The Howrah Superfast Express derailed and became entangled with the Coromandel Express, South Eastern Railway authorities said in a statement. Media reports had earlier said that the crash was between the Coromandel Express and a goods train. Media reports said at least 50 people had died.

Persons: Pradeep Jena, Naveen Patnaik, Narendra Modi, Railways Ashwini Vaishnaw, Abinaya, Jatindra, Nag Choudhury, Shubhendu Satish Deshmukh, Andrew Heavens, David Holmes, Frances Kerry Organizations: Eastern Railway, Media, Coromandel, Reuters, REUTERS, Railways, Force, Thomson Locations: BHUBANESWAR, KOLKATA, Odisha, Kolkata, Chennai, Howrah, Balasore district, Balasore, India, Odisha's Bhubaneswar, West Bengal, Bengaluru

☆ Natalee Holloway case suspect Joran van der Sloot beaten in Peruvian prison, attorney tells ABC News
▼ + stars: | 2023-05-30 | by ( Tatiana Arias | ) edition.cnn.com time to read: +3 min

CNN —Joran van der Sloot, the prime suspect in the 2005 disappearance of Alabama teenager Natalee Holloway, was “severely” beaten in a Peruvian prison, his attorney told ABC News on Monday. It may be connected to gang rules inside the Challapalca Prison where van der Sloot is being held, Altez said. Natalee Holloway was last seen alive with van der Sloot and two other men 18 years ago leaving a nightclub in Aruba. The three men – van der Sloot and brothers Deepak and Satish Kalpoe – were arrested in 2005 and released due to insufficient evidence. They were rearrested and charged in 2007 for “involvement in the voluntary manslaughter of Natalee Holloway or causing serious bodily harm to Natalee Holloway, resulting in her death,” Aruban prosecutors said at the time.

☆ Starlink rival OneWeb aims for global satellite internet coverage after passing a key milestone
▼ + stars: | 2023-03-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

OneWeb, a rival to Elon Musk's Starlink internet satellite venture, is aiming to roll out coverage globally after successfully launching the final batch of satellites needed for its broadband service over the weekend. While OneWeb has a few more satellites to deploy in May and June, it now has enough to deliver internet connectivity to any spot in the globe, according to company executives. OneWeb plans to launch 648 satellites in total, of which 588 satellites are required for global coverage. The rest will serve as spares that can step in, in case some other satellites on the network go rogue. Starlink, the space internet unit of Musk's SpaceX, has launched thousands of satellites to bring network connectivity to places with patchy internet.

LONDON, March 7 (Reuters) - Thousands of people in Ukraine have sustained complex injuries linked to the war and need rehabilitation services and equipment to help them, a senior World Health Organization (WHO) official said on Tuesday. They include fractures, amputations, spinal cord injuries, traumatic brain injuries and burns, Dr Satish Mishra from the WHO's regional office for Europe, told a media briefing. Since then, the pandemic and the war have significantly increased the need for rehab services, he added. In comparison, about 2 in 5 people across the European region in 2019 had a health condition that could have benefited from rehabilitation services, according to Morgan. Russia calls its actions in Ukraine a "special military operation" and says it does not target civilians.

☆ Medvedev beats Rublev in Dubai for hard-court hat-trick
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

[1/4] ATP 500 - Dubai Tennis Championships - The Dubai Duty Free Tennis Centre, Dubai, United Arab Emirates - March 4, 2023 Russia's Daniil Medvedev poses with trophy after winning his final match against Russia's Andrey Rublev REUTERS/Satish KumarMarch 4 (Reuters) - Daniil Medvedev continued his impressive form with a win 6-2 6-2 over compatriot Andrey Rublev in the Dubai Tennis Championships final on Saturday, claiming his third title in three weeks. In tennis when you don't win matches you have doubts. "I was really happy with these three weeks and I am looking forward to the next ones. "I think it's a good thing for Daniil that he's doing this, for his career, for his life, that he's achieving those things. Former U.S. Open champion Medvedev next travels to the United States where he will look to continue his winning run at Indian Wells from March 19 to April 2.

☆ WTA roundup: Coco Gauff reaches Dubai semis
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

[1/5] Tennis - WTA 1000 - Dubai Tennis Championships - Dubai Duty Free Tennis Stadium, Dubai, United Arab Emirates - February 23, 2023 Coco Gauff of the U.S. celebrates winning her quarter final match against Madison Keys of the U.S. REUTERS/Satish KumarFebruary 24 - Fifth-seeded Coco Gauff won an all-American quarterfinal on Thursday at the Dubai Duty Free Tennis Championships, beating Madison Keys 6-2, 7-5 in the United Arab Emirates. Gauff saved the only break point she faced in the 81-minute match, and she converted four of her five break opportunities. The result moves Gauff into a semifinal matchup with top-seeded Iga Swiatek of Poland, the reigning French Open champion. The other semifinal will feature third-seeded Jessica Pegula of the United States and Barbora Krejcikova of the Czech Republic. In the last match of the night, fourth-seeded Katerina Siniakova of the Czech Republic downed Belgium's Ysaline Bonaventure 6-0, 7-5.

☆ The Wild World Inside Your Gut
▼ + stars: | 2023-02-22 | by ( Alice Callahan | ) www.nytimes.com time to read: +20 min

The Wild World Inside Your GutWe tackled everything from heartburn, stress, spicy foods and colon cleanses to antibiotics and more. So grab a kombucha, get comfortable and read on for everything you’ve wanted to know about the wild world inside your gut. 3 What are some simple things I can do to improve my gut health? That “really is going to have the strongest impact on our health, including gut health,” she said. (Though for general gut health, Dr. Rao said, most people living in the United States could benefit from eating fewer refined carbohydrates and more fiber.)

☆ Wells Fargo downgrades Generac, calls its 2023 guidance too aggressive
▼ + stars: | 2023-02-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Generac may be a bit too optimistic about its prospects going forward, according to Wells Fargo. Analyst Praneeth Satish downgraded the stock to equal from overweight, noting the power generator maker could fall short of its aggressive 2023 guidance. He reiterated his target price of $135, implying only a 3.9% upside from the stock's closing price of $129.91 on Thursday. Wells Fargo's base case assumes a more moderate growth rate for the next two years, forecasting revenue to decline 12% in 2023 before growing 11% in 2024. However, Satish noted that if Generac meets its 2023 guidance, shares could rally more than 30%.

☆ FedEx to cut senior jobs as part of larger staff reduction
▼ + stars: | 2023-02-01 | by ( Lisa Baertlein | ) www.reuters.com time to read: +3 min

FedEx did not say how many positions would be affected by the new layoffs. In mid-September, FedEx pulled its profit forecast and shares swooned more than 20% - the largest single-day drop in the company's 50-year history. But those numbers only tell part of the story because they exclude roughly FedEx 6,000 contractors and their workers, who handle most of the FedEx Ground's home delivery business. FedEx already has temporarily furloughed workers at its trucking division FedEx Freight as the pandemic-fueled e-commerce delivery bubble deflates and recession threatens, joining transportation-focused companies ranging from delivery upstart Amazon.com (AMZN.O) and trucking company C.H. Robinson Worldwide (CHRW.O) to freight broker Uber Freight and freight forwarding startup Flexport in announcing layoffs.

Search resuls for: "Satish"

25 mentions found