Forward Air Corp. posted higher revenue but lower-than-expected earnings in the third quarter of 2018. The company also announced that it has agreed to acquire substantially all of the assets of Southwest Freight Distributors, a drayage service provider based in Dallas, for an undisclosed amount.
October 24, 2018Daniel P. Bearth
Business, Logistics, Top 100
John Sommers II for Transport Topics
Knight-Swift Says 3Q Results Reflect ‘Progress’ in All Segments
John Sommers II for Transport Topics
Knight-Swift Transportation Holdings beat analysts’ profit projections in the third quarter as cost-cutting measures implemented after the acquisition of Swift Transportation in September 2017 compensated for slower-than-expected growth in revenue.
October 24, 2018
Business, Logistics, Top 50, Top 100
Tim Boyle/Bloomberg
UPS Reports Strong Revenue Growth, Higher Profits in 3Q
Tim Boyle/Bloomberg
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.
October 24, 2018
Business, Top 100
John Sommers II for Transport Topics
Covenant Transport Reports Record Profits, Revenue in 3Q
John Sommers II for Transport Topics
Covenant Transportation Group posted record revenue and profits in the third quarter as a strong freight market drove rates higher and the company began to see benefits from its recent acquisition of Landair Holdings.
October 23, 2018
Business
Paul Schockemöhle Logistics
Paul Schockemöhle Logistics' Story Familiar to American Trucking Companies
Paul Schockemöhle Logistics
, Germany — The story of Paul Schockemöhle Logistics is one that many trucking executives in the United States would recognize. The journey traverses five decades from a small farmhouse here to becoming a multinational transportation and logistics powerhouse with a fleet of 600 trucks and revenue of between 100 and 120 million euros a year.
October 23, 2018
Business
Canadian Freightways is an LTL operating unit of TFI International. (Brian Everitt/Flickr)
TFI International Posts Strong Growth in 3Q
Canadian Freightways is an LTL operating unit of TFI International. (Brian Everitt/Flickr)
TFI International, one of the largest trucking and logistics companies in the United States and Canada, reported strong growth in revenue and operating profits across all of its business segments in the third quarter.
October 23, 2018
Business, Top 100
John Sommers II for Transport Topics
USA Truck Acquires Davis Transfer Co.
John Sommers II for Transport Topics
USA Truck announced the purchase of Davis Transfer Co., a family-owned trucking company based in Carnesville, Ga., for $53 million in cash and stock, a deal that signals the start of a more aggressive growth strategy at USA Truck by the company’s new management team.
October 22, 2018
Business, Logistics
TT file photo
Odyssey Logistics & Technology to Acquire AFF Global in Busy Day of Mergers
TT file photo
Odyssey Logistics & Technology Corp. has agreed to buy U.S.-based freight forwarder AFF Global Logistics for $465 million in cash and equity, the company announced Oct. 18.
October 19, 2018
Business
John Sommers II for Transport Topics
Werner Enterprises Posts Double-Digit Gains in Revenue, Profits in 3Q
John Sommers II for Transport Topics
Werner Enterprises posted double-digit gains in revenue and profits in the third quarter as demand for the company’s one-way truckload freight hauling services was “stronger than normal” and shippers paid higher rates.
October 18, 2018
Business, Top 100
John Sommers II for Transport Topics
Marten Transport Posts Record Results in Third Quarter
John Sommers II for Transport Topics
Marten Transport Ltd. reported its best quarterly operating results ever, among the first of what is expected to be a string of bullish financial reports from trucking companies in the third quarter.
October 17, 2018