Whopping $50bn FedEx Freight? Or?
Running the numbers
AMZN: EXPANDED COLLABORATION AMZN: INTEL PARTNERSHIPPG: LEAST SHORTED STOCKBA: UNEXPECTED CASH OUTFLOWTGT: PEAK SEASON DSV: MODELLING CAPITAL APPRECIATIONAMZN: MESSAGE FROM CEODSV: CONSENSUS ESTIMATES RXO: COYOTE DEAL CLOSEDDHL: POSTE PARTNERSHIPDSV: SCHENKER BOOST DAY THREEAAPL: PRESSURE BUILDS WMT: ANOTHER RECORDFWRD: ON THE RISEBA: NEW LOWWTC: NEW DAY NEW HIGH DSV: SCHENKER BOOST DAY TWO
AMZN: EXPANDED COLLABORATION AMZN: INTEL PARTNERSHIPPG: LEAST SHORTED STOCKBA: UNEXPECTED CASH OUTFLOWTGT: PEAK SEASON DSV: MODELLING CAPITAL APPRECIATIONAMZN: MESSAGE FROM CEODSV: CONSENSUS ESTIMATES RXO: COYOTE DEAL CLOSEDDHL: POSTE PARTNERSHIPDSV: SCHENKER BOOST DAY THREEAAPL: PRESSURE BUILDS WMT: ANOTHER RECORDFWRD: ON THE RISEBA: NEW LOWWTC: NEW DAY NEW HIGH DSV: SCHENKER BOOST DAY TWO
XPO Logistics has won a long-term contract with UK food manufacturer Premier Foods, the company behind well-known household names such as Mr Kipling, Oxo, Bisto and Ambrosia. The contract covers inbound transport, warehousing and outbound distribution to customers throughout the UK and Ireland.
Premier Foods will move its multi-site warehousing operations to a single XPO-managed national distribution centre in Tamworth, Staffordshire. XPO expects to manage throughput of approximately 2m pallets a year at the centre, which has the capacity for 80,000 pallets and will be fully operational from mid-2018 following a phased transition programme.
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