Trucking news and briefs for Wednesday, March 30, 2022: FedEx founder will become Executive ChairmanFedEx (CCJ Top 250, No. 1) President and Chief Operating Officer Raj Subramaniam will be promoted to President and CEO, replacing founder Fred Smith, who will become Executive Chairman effective June 1. In his role as Executive Chairman, Smith said he look forward to focusing on Board governance "as well as issues of global importance, including sustainability, innovation, and public policy.” “There is no bigger titan in trucking and transportation than Fred Smith," said American Trucking Associations President and CEO Chris Spear. "Over the course of five decades, Fred built FedEx from the ground up into one of the most iconic and innovative companies the world has ever known. His contributions have not only benefited our industry; they have helped transform our economy and forever changed the way we all live." Subramaniam has more than 30 years of global experience across strategy and operations and has led the company through a period of tremendous growth. Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board. Prior to his role as President and Chief Operating Officer of FedEx Corp., Subramaniam was President and Chief Executive Officer of FedEx Express, the world’s largest express transportation company. He also served as Executive Vice President and Chief Marketing and Communications Officer of FedEx Corp., where he was responsible for developing the corporate strategy. In addition, he served as the President of FedEx Express in Canada and in several other management and marketing roles throughout Asia and the U.S. since he joined FedEx in 1991. Old Dominion Freight adds capacity with seven new or expanded facilitiesOld Dominion Freight Line (CCJ Top 250, No. 10) has opened and/or expanded seven new service centers in strategic locations that the LTL carrier said reduces shipping time, enhances delivery flexibility and allows for increased capacity in key metropolitan areas.Old Dominion’s recent service center openings and expansions include:
Volvo gets its largest order for electric VNRThe logistics company placed its first order of 16 Volvo VNR Electrics in mid-2021 which Performance Team will soon begin operating in its Southern California fleet operations serving port drayage and warehouse distribution routes. Performance Team has ordered an additional 110 Volvo VNR Electric trucks to scale its zero-tailpipe emission freight logistics fleet in 2022. All 126 trucks are scheduled for deployment by early next year. 4 Gen Logistics orders 20 Kenworth electricsThe family-owned transportation company plans to base its Kenworth T680E EVs at those two facilities. The Kenworth T680E is designed for pickup and delivery, regional haul and drayage applications, and is available in a day cab configuration as either a tractor or straight truck. The T680E has an 82,000 lb. gross vehicle weight rating and an estimated 150-mile operating range, depending on the application. To help support the purchase of the 20 Kenworth T680E battery electric vehicles, 4 Gen Logistics qualified for voucher incentives through the California Air Resource Board (CARB) Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). The company also applied for grant money from the Mobile Source Air Pollution Reduction Review Committee (MSRC) in Southern California. https://ift.tt/KcfP6LA
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