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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

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

Wall Street moves to profit from mass layoffs as Yellow prepares to file for bankruptcy

Yellow laid off 30,000 workers after failing to satisfy the demands of its creditors.

United statesSean obrienTom goldsbyMarc rowanUniversity of tennessee global supply chain instituteApollo global managementZone yellowWith one yellowWall streetGlobal supply chain instituteWarrior met coalPresident seano brien

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