Tag Archives: logistics

Report: TN manufacturing strong, education weak

1205_KCLO_glass03357.JPGManufacturing is doing well in Tennessee, but growth is being held back by “the relatively low level of educational achievement of its adults,” according to a report released today by Ball State University.

Tennessee received a B for manufacturing and a B+ for logistics in the 2013 Manufacturing and Logistics Report Card prepared by Ball State’s Center for Business and Economic Research.

In stark contrast,the report gave Tennessee a D- in Human Capital, a category that includes the level of high school and collegiate achievement, the number of associates degrees awarded annually per capita and other educational measures.

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Amazon vs. FedEx

The Amazon you love if you’re a consumer or hate if you’re a competing retailer won’t be the Amazon of the future.

According to Forbes contributor Michael Kanellos, Amazon eventually will focus on providing logistics and it’s biggest competitors “will be men in shorts: logistics companies like UPS and FedEx.”

Sound farfetched? Maybe. But Kanellos offers an interesting take on some recent Amazon moves.

“Amazon is at a crossroads. The company garners billions a year in revenue from selling e-books, household items and vacuuming up rising retailers like Zappos. Retailing, though, can be a difficult single-digit margin business,” Kanellos writes.

Here’s his full story: Will Amazon Become the Next FedEX?

 

FedEx, Foward Air looking to buy competitors?

With cash on hand and the economy growing again, a pair of Tennessee trucking companies are on the prowl for competitors they can buy, according to a recent Reuters report.

Memphis-based FedEx and Greeneville-based Forward Air are among a handful of logistics companies cited in the report as looking for growth through acquisition.

“I think we are going to see a very active consolidation wave over the next 24-36 months,” Tom Connolly, managing partner at investment banking firm Eve Partners, told Reuters.

If the consolidation speculation is right, it will boost the companies’ stock, the report says.

Read the full story here.