May 17, 2020

FedEx Freight CEO William Logue to Retire

global logistics
FedEx
Admin
2 min
Nordics Gateway Continues Company’s European Growth Program
Follow @SamJermy and @SupplyChainD on Twitter.FedEx Corporation has announced that William Logue will retire as President and CEO of its FedEx Freight s...

Follow @SamJermy and @SupplyChainD on Twitter.

 

FedEx Corporation has announced that William Logue will retire as President and CEO of its FedEx Freight subsidiary on 31 December 2014.

He has guided FedEx Freight since 2010 to a leading position in the US Less-Than-Truckload (LTL) market. He cited health concerns as the reason for his decision to retire. 

Michael Ducker, a 40-year FedEx veteran, will succeed Logue as President and CEO of FedEx Freight. Ducker will move into his new role on 1 January 2015 from his current position as Chief Operating Officer of FedEx Express. He has led the build out of the FedEx Express global air-ground network, and the growth of its international business.

Frederick W Smith, Chairman and CEO of FedEx, said: “Bill Logue has led FedEx Freight to significant growth, success and a leading position in the LTL industry. He navigated some of the worst economic conditions the industry has ever seen and delivered outstanding results while positioning FedEx Freight for long-term success.

“He has established himself as an all-time great leader during his 25 years at FedEx, and while we are sorry to see Bill retire, he has our gratitude, support and best wishes.”

With corporate offices in Memphis, the FedEx Freight Segment includes FedEx Freight, a leading US provider of LTL freight services; FedEx Freight Canada, an LTL operating company serving most points in Canada; and FedEx Custom Critical, North America's largest time-specific, critical shipment carrier. FedEx Freight also serves Mexico, Puerto Rico and the U.S. Virgin Islands. For more information, visit news.fedex.com.

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Jun 21, 2021

Elon Musk's Boring Co. planning wider tunnels for freight

BoringCompany
supplychain
freight
elonmusk
2 min
Elon Musk’s tunnelling firm plans underground freight tunnels with shipping containers moved on “battery-powered freight carriers”, according to reports

Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports. 

A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers. 

Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US. 

The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two. 

 

Boring Co.'s new freight tunnels

The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.

The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete. 

Tesla’s supply chain woes 

Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue. 

Elon Musk Tweet

Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely
 

Top Image credit: The Boring Company / @boringcompany

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