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USPS to Cut $5 Billion in Spending to Avoid Running Out of Cash

The courier aims to cut costs via regionalized transportation, more in-house distribution, fewer work hours and more sorting centers.

Missouri cityUnited statesNorth houstonTom goldsbyLouis dejoyJason millerCivil service retirement systemBureau of labor statisticsPostal serviceUnited states postal serviceUniversity of tennesseeMichigan state universityPostmaster general louis dejoyHaslam chairKey westSourcing journal

Forward Air, Omni Logistics See Writing on the Wall, Amend Merger

Both logistics companies have agreed to settle their litigation against one another, targeting to complete their merger by Friday.

United statesRodney bellTom goldsbyTom schmittUniversity of tennessee global supply chain instituteAncora holdingsForward airOmni logisticsHaslam chairGlobal supply chain instituteOmni logisticsTom goldsbySourcing journalMinority shareholderTom schmitt

The Red Sea crisis is rekindling memories of the Ukraine War—but this time could be different

When it comes to longer term economic impacts of the Red Sea crisis: The "most honest answer" experts can give is "I have no idea” at this point, Unlimited's Elliott said.

United statesRed seaDjibouti generalMatt stephaniJay hatfieldLisa pollinaThomas goldsbyBob elliottVincent clercFederal reserveUniversity of tennesseeMiddle eastWorld container indexSuez canalHaslam chairLunar new year

GXO s New Acquisition Expands North American Presence

The contract logistics provider acquired e-commerce order fulfillment platform PFSweb for about $181 million.

United statesFort worthKendra scottTom goldsbyUniversity of tennessee global supply chain instituteGxo logistics incNorth americaHaslam chairGlobal supply chainClipper logisticsWorker adjustmentRetraining notificationDistribution centersOrder fulfillmentGxo logisticsContract logistics

Yellow Terminals Draw $1 3 Billion Bid

The terminals would be among Yellow’s most valuable assets, "but I question whether Estes really needs them," one expert says.

United statesJason millerTom goldsbyYellow corpPaycheck protection programUniversity of tennessee global supply chain instituteEstes express linesHaslam chairGlobal supply chainApollo global managementMichigan state universityEli broad collegeSourcing journalFedex freightOld dominionSourcing journal

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