FedEx picks transportation industry veteran for CFO
CFO Dive
JULY 18, 2023
Just under a month after announcing CFO Michael Lenz was retiring, FedEx appointed air cargo industry veteran John W. Dietrich as its new finance chief.
Transportation Related Topics 
Visa: Contactless Is The Cornerstone For A Reinvented Public Transportation Experience
PYMNTS
JULY 17, 2020
Mary Kay Bowman , Visa ’s head of seller solutions, told Karen Webster in a recent conversation that some operators had contactless payments already partially available in segments of the public transportation system, while others had it earmarked for a project several years in the future.
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How CFOs can keep shipping costs under control: Contracts, fees, timing
CFO Dive
MAY 13, 2024
Finance chiefs need to find “consultative” partners that will work to eliminate waste and drive down transport costs, experts say.
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Producer prices show inflation spreading
CFO Dive
SEPTEMBER 15, 2022
Rising costs for transportation and other services suggest that inflation is gaining strength across the economy.
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Mobico CFO steps down following delayed financial results
CFO Dive
APRIL 22, 2024
The public transport company appointed an interim CFO after reporting a 36% drop in profit, impacted by inflationary pressures and labor shortages in key markets.
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Brink’s taps Eaton, PwC veteran as CFO
CFO Dive
AUGUST 10, 2022
The Brink's Company, know for its iconic trucks that transport cash, has tapped a new CFO as its long-time finance chief prepares to retire.
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CFOs, accountants vexed by surging operating costs
CFO Dive
JANUARY 20, 2022
CFOs and other financial executives express rising concern about increasing prices for transport, energy and other costs, a survey found.
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How the Digital Solutions Economy is Impacting the Transportation Sector
Bramasol
SEPTEMBER 26, 2022
This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the transportation industry. In some ways, the transportation sector has always included services based on subscriptions and usage. Public transportation systems need to improve accessibility and cost of ridership.
Transport Trade Group Brings Airlines And Vaccine IDs Into The Digital Age
PYMNTS
JANUARY 21, 2021
And in an interview with PYMNTS, Nick Careen , senior vice president of airport, passenger, cargo and security at the International Air Transport Association (IATA), said the stage is set for digital solutions to help validate and authenticate passengers, and also serve as a validation of a COVID-related test and travel requirements.
Plan in works to revamp goods and urban transport
CFO News
MAY 5, 2024
India is planning a comprehensive overhaul of its urban transportation system, aiming to merge metro and bus services while prioritizing the adoption of clean energy. The proposal also includes incentives to encourage environmentally friendly intra-city freight transport using small trucks.
Maruti Suzuki looking at transporting more vehicles via railways to cut down costs and reduce emissions
CFO News
MARCH 13, 2024
Maruti Suzuki plans to increase railway transportation to cut costs and emissions. It has invested Rs 1081 crore to commission in-plant railway siding in Gujarat and aims to double production capacity to 4 million units per annum by the end of the decade.
XPO taps in-house finance leader for CFO seat
CFO Dive
JULY 20, 2023
The XPO finance chief is leaving for another opportunity after less than a year at the freight transport service.
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Microsoft, Moderna, Mobileye, Chegg and more
CFO News Room
JANUARY 18, 2023
Hunt Transport Services — The transportation stock jumped 4% after executives said on an earnings call that they expect to see the freight market rebound in second quarter going into third quarter as inventory resets. Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016.
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Norway: Electric Car Ownership Outnumbers Gas Cars
Global Finance
OCTOBER 7, 2024
This is another area where Norway wants to take a leading position, Tomasgard notes: “For instance, the just-opened Northern Lights facility in Øygarden can transport and permanently store 1.5 In the same vein, in reducing emissions in sectors like transport and industry, electrification necessarily plays a major role.”
TSA Screens 800,000 At US Airports In A Day, Making Airline Stocks Lift
PYMNTS
AUGUST 10, 2020
The Transportation Security Administration (TSA) reported that it served over 800,000 individuals at American airport screening lanes Sunday (Aug. The biggest 20 airlines in the country transported just over 16 million travelers in June, which marked an 80 percent drop compared to June 2019 yet almost two times as many people as May.
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Jumio Sees Vaccine Passports Intersecting With Digital ID
PYMNTS
JANUARY 7, 2021
These credentials will become ever-present as people wend their way through airport and public transportation settings, ports and check-in kiosks. In an interview with PYMNTS, Reinhard Hochrieser , vice president of product management at Jumio , said the widespread adoption of vaccine passports is an inexorable trend.
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Delta Seeks to Put Unruly Passengers on ‘No-Fly’ List
CFO News Room
FEBRUARY 5, 2022
The airline, based in Atlanta, said it has put nearly 1,900 people on Delta’s “no-fly” list for refusing to comply with masking requirements and submitted more than 900 banned names to the Transportation Security Administration to pursue civil penalties.
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Private-Sector Job Openings Remain High Despite Falling in October
CFO News Room
NOVEMBER 30, 2022
The industries with the highest openings are education and health care (2.172 million), professional and business services (1.794 million), trade, transportation, and utilities (1.644 million), and leisure and hospitality (1.578 million). The October result for the private sector is 1.0 percentage points below the March peak.
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Car Talk: How One Bay Area Limo Fleet Rolls With The (Pandemic) Times
PYMNTS
JULY 10, 2020
Maurice Brewster , CEO of Mosaic Global Transportation , said he believes he’s one of them. He has grown from a small group of vintage cars in the San Francisco area to a global, tech-savvy transportation network in four countries with 1,500 cars. When is the transportation segment coming back?
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Overcoming the global slowdown with a super app strategy
Future CFO
FEBRUARY 12, 2024
The transportation sector was one of the worst hit by the pandemic. Present in over 500 cities across the eight Southeast Asian markets, Grab now operates more than just a transportation service. Singapore-headquartered technology firm Grab Holdings Limited has set the bar high for corporate response to the COVID-19 pandemic.
NASA, SpaceX Scrutinize Parachute System On Spacecraft
CFO News Room
FEBRUARY 4, 2022
space company certified to transport NASA astronauts up to the International Space Station and bring them back. space company certified to transport NASA astronauts up to the orbiting research laboratory, and bring them back. The chute is still providing drag but it’s not inflating at the timing we would expect it,” he said.
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Taking Real-Time Payment Rails To The Tipping Point
PYMNTS
MARCH 6, 2020
Faster payments are filtering into the transportation industry as well. The Metropolitan Transportation Authority (MTA) in New York City has announced plans to implement its One Metro New York (OMNY) system into subway systems in the Bronx, which will enable users to use contactless and digital payments to pay for their fares.
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Uber Health To Deliver Meds In Partnership With Nimble
PYMNTS
AUGUST 20, 2020
Uber Health was launched in 2018 to provide medical transportation services. Uber Health has teamed with Ride Health , another transportation company, to help boost medical transportation. “With COVID-19 cases still on the rise across the U.S., million people.
Lime CFO On Riding Toward A Profitable Future
PYMNTS
SEPTEMBER 21, 2020
The first were commuters who used Lime scooters to get to and from work or to close the “first-and last-mile” piece of their commutes from another transportation source. Fun, she noted, and in many cases also safer feeling, since Lime scooters are an open-air method of transportation.
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Freight Broker C.H. Robinson Digs in Against Activist Investor
CFO News Room
FEBRUARY 3, 2023
Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. based companies in the global forwarding market that transports cargo by air and ocean. Robinson is by far the largest player in the U.S. It is also among the top two U.S.-based
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Moody’s: Supply side strains will worsen for APAC firms
Future CFO
APRIL 7, 2022
Supply side strains in Asia Pacific will remain elevated at least through the end of the year, with energy and raw material cost inflation posing the biggest cost pressures for corporate debt issuers, followed by the effects of transportation bottlenecks, said Moody’s recently.
How Cisco Is Building The Smart Cities Of The Future
PYMNTS
FEBRUARY 17, 2020
Municipalities could utilize it for everything from street light control and air quality monitoring to transportation safety. They want to deploy these multiple [IoT] services, [but that] truly starts with one service [platform] and one network, [like in] transportation. An integrated IoT gateway can connect all of these systems.”.
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Q3 Results: GAIL profit rises 121% on higher spot LNG prices
CFO News Room
FEBRUARY 5, 2022
State-run gas transporter GAIL ’s net profit increased 121.1% GAIL revenue increased 65.9% y-o-y to Rs 26,427.4 crore in Q3, while expenses grew 57.3% to Rs 22,119 crore. year-on-year (y-o-y) to Rs 3,287.9 crore against a loss of Rs 73.7 crore in the corresponding period a year ago.
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Stocks making the biggest moves midday: Tupperware, Paramount and more
CFO News Room
NOVEMBER 2, 2022
Robinson — The stock fell 6% after the transportation and logistics company reported disappointing revenue in its latest results. CEO Bob Biesterfeld said in a release that fears of “slowing freight demand and price declines in the freight forwarding and surface transportation markets” played out in the third quarter.
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January Sees 467,000 New Jobs, Stable Unemployment Rate
CFO News Room
FEBRUARY 6, 2022
Growth in employment continued in leisure and hospitality, professional and business services, retail trade, and transportation and warehousing. economy added 467,000 nonfarm payroll jobs in January 2022, as the unemployment rate rose marginally to 4.0%. Job growth was much stronger than the estimate of 150,000, as compiled by Dow Jones.
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Rewriting The Future Of Supply Chain Success
PYMNTS
APRIL 14, 2020
International cargo transportation options have become reduced as well, further complicating the situation. Businesses reliant on global supply chains and manufacturers in greatly impacted countries face new hurdles and must seek ways to acquire the items they need. Read the full Feature Story in the Tracker.
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Warehouse Packing Help Wanted, Excellent Penmanship Required
CFO News Room
NOVEMBER 25, 2022
Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. It can take several days to a couple of weeks to train workers to pull together the correct packaging from a growing mix of boxes, cartons and decorations for luxury clients, he said. Newsletter Sign-up. The Logistics Report.
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Climate Trace: Tracking Emissions
Barry Ritholtz
NOVEMBER 20, 2022
The 70,000+ individual sites — including specific power plants, steel mills, urban road networks, and oil and gas fields — represent the top known sources of emissions in the power sector, oil and gas production and refining, shipping, aviation, mining, waste, agriculture, road transportation, and the production of steel, cement, and aluminum.”
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Amazon Rewards Program Offers Its Flex Drivers Perks, Discounts
PYMNTS
NOVEMBER 8, 2020
In August, Amazon told some transportation vendors that the company was increasing its demands around the delivery of packages in two days at maximum. Calendar 2020 delivery data isn't yet available, but in late December 2019 Amazon said it was on track to deliver 3.5 billion packages that year.
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Africa’s Chinese Trade Tie-Up
Global Finance
OCTOBER 8, 2024
Angola now owes China approximately $20 billion, mostly on energy and transportation projects. By 2023, Beijing’s cumulative investments in Africa surpassed $300 billion, primarily in telecommunications, energy, and transportation, according to the China Africa Research Initiative at Johns Hopkins University. “In
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The “raison d’être” of treasury finds a wonderful example with the current health crisis.
Simply Treasury
MARCH 25, 2020
The companies more exposed, such as air transport, travel, hotels and restaurants, bars, entertainment, cinemas, theatres, trade fairs, etc. When business is more strained, working capital requirements and needs higher, treasury is the necessary lifeline. This health crisis will have serious economic consequences.
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The “raison d’être” of treasury finds a wonderful example with the current health crisis.
Simply Treasury
MARCH 25, 2020
The companies more exposed, such as air transport, travel, hotels and restaurants, bars, entertainment, cinemas, theatres, trade fairs, etc. When business is more strained, working capital requirements and needs higher, treasury is the necessary lifeline. This health crisis will have serious economic consequences.
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AWS Outage Interrupts Web Service for Spotify, Square And Others
PYMNTS
NOVEMBER 25, 2020
CNBC said other companies and services affected include Autodesk , Affirm, Target ’s Shipt delivery service and the site operated by New York City’s Metropolitan Transportation Authority. Kinesis, as described on the AWS site is “a massively scalable and durable real-time data streaming service.
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10 Thanksgiving Day Reads
Barry Ritholtz
NOVEMBER 23, 2023
That’s because these forms of transport – collectively known as electric micromobility – are cheaper to buy and run.
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Why Business Travel’s Wings May Be Clipped – Permanently
PYMNTS
AUGUST 21, 2020
“I think it’s going to take two to three years to get consumer behaviors back, but we do know there is a tremendous amount of pent-up demand for transportation, for travel, for mobility – and we’re ready to serve customers when they’re ready to go.” It may take a while.
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COP29: Climate Finance Takes Center Stage
Global Finance
OCTOBER 29, 2024
“One of the most important needs in Central Asia is sustainable infrastructure,” says Ludger Schuknecht, vice president of the Asian Infrastructure Investment Bank (AIIB), “everything from dealing with effluent water from the Aral Sea to the enhanced connectivity of transport infrastructure between the five countries of the region.”
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8 Forms of Waste in Finance Processes (Lean Approach in Finance)
Fpanda Club
MARCH 14, 2021
Lean helps organizations to identify and minimize waste which exists everywhere and can take 8 forms: defects, overproduction, extra processing, waiting, inventory, motion, transportation and non-utilized people. Transportation This kind of waste includes moving items, people, information more often or over farther distances than necessary.
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Business Contingency Planning for the New Era
CFO Selections
MARCH 13, 2022
Loss of a business owner, financial hardship, loss of customers, new government regulations, political unrest, supply chain disruptions, loss of salespeople, and transportation issues were all named as possible unexpected events that could have a significant impact on a company.
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redBus launches Primo for small and medium bus transport businesses to increase revenue
CFO News
NOVEMBER 24, 2024
The Primo initiative introduces consumer loyalty programme and operator-centric digital marketing features to make it a seamless journey for small and medium enterprises.
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