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Business, Top 50

DSV Ends Bid to Acquire Ceva Logistics

DSV A/S, the world’s fifth-largest freight forwarder, walked away from Ceva Logistics AG after failing in its latest attempt to buy the Swiss company, which says it needed more time to review the offer.

October 24, 2018
Business, Logistics, Top 50, Top 100

UPS Reports Strong Revenue Growth, Higher Profits in 3Q

UPS Inc. reported strong revenue growth and higher profits in the third quarter, despite international headwinds from currency valuations, rising fuel costs and ongoing investment in transformation initiatives.

Daniel P. Bearth | Staff Writer
October 24, 2018
Business, Logistics, Top 50

AIT Worldwide Logistics Acquires WorldFresh Express

AIT Worldwide Logistics acquired WorldFresh Express, a Los Angeles-based freight forwarder that handles perishable food products, in a deal completed Oct. 17.

October 19, 2018
Business, Logistics, Top 50

Beauty Retailer Feelunique, Seko Logistics Partner on Hong Kong Hub

Feelunique, a European online beauty retailer, has partnered with Seko Logistics to open a distribution hub in Hong Kong.

October 18, 2018
Government, Business, Logistics, Top 50, Top 100

Amazon, FedEx, UPS Could Gain from Trump Threat to Leave Postal Union

U.S. e-commerce companies including Amazon.com and shippers such as FedEx Corp. and UPS Inc. stand to gain from the Trump administration’s move Oct. 17 to withdraw from an international postal agreement.

Cheryl Bolen | Bloomberg News
October 18, 2018
Business, Top 50, Top 100

J.B. Hunt Revenue Soars, but Profits Lag in Third Quarter

J.B. Hunt Transport Services reported a big bump in revenue in the third quarter as higher rates boosted the top line for each of its four freight segments. Profits, however, did not keep pace as the company dealt with outstanding legal issues and absorbed start-up costs for several new large dedicated hauling contracts.

Daniel P. Bearth | Staff Writer
October 16, 2018
Business, Technology, Logistics, Autonomous, Top 50

XPO Logistics to Use 5,000 Robots in Warehouses

XPO Logistics said it plans to deploy 5,000 robots to work with humans in the company’s warehouses and distribution centers in North America, the United Kingdom and eight countries in Europe.

Daniel P. Bearth | Staff Writer
October 9, 2018
Business, Technology, Autonomous, Top 50, Top 100

XPO Logistics Set to Acquire 5,000 Robots From Peter Thiel-Backed Startup

XPO Logistics Inc. will buy 5,000 warehouse robots from a Singapore startup backed by billionaire Peter Thiel as part of a deal that makes XPO the only logistics provider to use the technology in North America, the U.K. and eight other European countries.

Thomas Black | Bloomberg News
October 3, 2018
Business, Logistics, Top 50, Top 100

Supply Chain Partners Focus on Efficiency to Improve Capacity

LONG BEACH, Calif. — High freight levels, decreased productivity and the driver shortage have contributed to tightened capacity, and carriers and intermodal providers said they are focusing on efficiency to meet supply chain demands.

Mindy Long | Special to Transport Topics
September 25, 2018
Government, Business, Technology, Equipment, Logistics, Autonomous, Top 50

North Carolina Town Eyes Drones as Future of Package Delivery

Holly Springs, N.C., hopes to be among the first spots in the United States where drones are used for package delivery.

Joe Antoshak | Staff Writer
September 17, 2018