Severe weather occurrences like heavy precipitation, blizzards and high winds are estimated to cause an average of 23 percent of all trucking delays.Mother Nature took an opportunity to remind the Midwest of her wrath this last week dumping up to 12 inches of snow in Minnesota, Iowa and Wisconsin. Coupled with 50+ MPH winds, the storm made travel nearly impossible with whiteout conditions and significant drifting.
Severe weather occurrences like heavy precipitation, blizzards and high winds are estimated to cause an. These delays cost the industry almost $3.5 billion annually. The winter storm last weekend was not unique; more than 50 percent of annual trucking delays stem from ice and snow. While these severe weather incidents may cost transportation companies more than $100 million daily, the ripple effects become apparent to retailers and eventually consumers.
Even if long-haul trucking and last-mile delivery trucks can safely drive on roadways, there can still be unexpected situations that hurt the transportation industry. Whenportions of South Dakota in October 2014, power was lost to over 22,000 homes and businesses. These widespread power outages caused many, such as restaurants and grocery stores, to close unexpectedly.
Extreme cold can also impact delivery schedules. In late January when the polar vortex descended into the northern Plains and upper Midwest, many , including USPS and FedEx Freight opted to suspend service in up to 11 states, primarily for the safety of employees.32.6 billion vehicle hoursto weather-related incidents. Lessening these delays is key to maximizing profit and meeting customer needs. When major weather events occur, transportation companies rely on a variety of tools to ensure that their resources are being utilized in the safest and most efficient method possible.
All be careful,trucks and,people. Families
IT's not bout' reinvinting the wheel on this 1:p DOT
When I was a kid that was the natural occurrences ! What you railing about
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Kraft Heinz reportedly considers selling Maxwell House businessKraft Heinz Co. may sell its Maxwell House coffee business, CNBC reported Sunday, and has hired investment bank Credit Suisse to explore its options. CNBC reported a sale could be priced at $3 billion or more. Sources told CNBC that Maxwell House could be the first of several divestitures as the food giant looks to streamline itself. Kraft Heinz shares plunged 27% on Friday, their worst trading day ever, after reporting disappointing fourth-quarter earnings Thursday. Dumpster fire!! Best part of waking up... is not owning KraftBrand news Buffett Maxwell is awesome...if you're super lazy like me and just want to toss a spoonful of brown chunks into hot water and pretend it's coffee.
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GE's stock soars after deal to sell biopharma business to Danaher for $21.4 billionShares of General Electric Co. shot 8.8% in premarket trade Monday, after the industrial conglomerate agreed to sell its biopharma business to Danaher Corp. for $21.4 billion in cash. "Today's transaction is a pivotal milestone," said GE Chief Executive Lawrence Culp. "It demonstrates that we are executing on our strategy by taking thoughtful and deliberate action to reduce leverage and strengthen our balance sheet." Culp had served as CEO of Danaher from 2001 to 2014. Danaher said it expects to finance the deal with $3 billion from an equity offering, cash on hand and the issuance of debt. Danaher expects the deal, which is expected to close in the fourth quarter of 2019, to reduce net earnings by share by $1.15 to $1.20 in the first full year, but add to adjusted EPS by about 45 cents to 50 cents. GE's stock has soared 34.4% over the past three months through Friday, while Danaher shares have climbed 10.8% and the Dow Jones Industrial Average has gained 7.2%.
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