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Fred Smith, FedEx founder and parcel industry pioneer, dies at 80

Freight Waves

He was a mentor to many and a source of inspiration to all. billion enterprise with the largest air cargo fleet in the world. In one instance, after a crucial business loan was denied, he took the company’s last $5,000 to Las Vegas and won $27,000 gambling on blackjack to cover the company’s $24,000 fuel bill.

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FedEx Founder Fred Smith Dies at 80

Supply Chain Digest

Studying economics at Yale, Smith’s 1965 term paper pitched the idea of creating a logistics company that would carry only cargo, and do so for a package’s end-to-end journet, such that a package could be delivered almost anywhere in the US overnight. Click here to send us your comments The story is well known.

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GM Signs Domestic Rare-Earth Deal to Reduce Reliance on China

Supply Chain Brain

The latest agreement and two others — with Las Vegas-based MP Materials Corp. and E-Vac Magnetics, a South Carolina-based unit of Germany’s Vacuumschmelze GmbH — will allow GM to get the majority of rare-earth magnets it sources directly from domestic suppliers, the Detroit carmaker said August 6.

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This Week in Logistics News (December 14-18, 2015)

Talking Logistics

In this week’s supply chain and logistics news… Amazon in talks to lease 20 jets to launch air-cargo business (The Seattle Times). Here are some details from the article: Leasing 20 jets would be a significant expansion of an Amazon trial operation out of Wilmington, Ohio, operated by ATSG on Amazon’s behalf, sources said.

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RLA Inaugural Startup Pitch Contest

Cathy Roberson

As such, the Reverse Logistics Association (RLA) will shine the light on six of these firms in RLA’s annual conference in Las Vegas, Feb 7-9 , in its inaugural Reverse Logistics Startup Pitch Contest. Join us in Vegas There’s still time to join us in Las Vegas for RLA’s annual conference.

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UPS fights for volumes

Cathy Roberson

They’re a dual sourcer, and they have diverted some volume, and I suspect they’ll stay dual sourcing.” Catch my weekly column on air cargo, freight forwarding, and the express markets on Air Cargo Next. Heading to Las Vegas next week? Of those, only one has diverted some volume.

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The Future of Transportation 1: The Hyperloop

The Network Effect

” More specifically, the Hyperloop is an open source transportation system, consisting of a closed tube loop that carries passengers or cargo in a capsule floating on a cushion of air at supersonic speeds. References and sources. Musk plans to build a test track in Texas. Wikipedia: The Hyperloop.