Daniel P. Bearth

Business, Top 100

Heartland Express Returns to Historical Levels of Profitability

Heartland Express Heartland Express Inc.

Heartland Express Inc. is getting back to its old self. The North Liberty, Iowa-based truckload carrier has been battling to restore its historically rich profit margins after the acquisition of Interstate Distributor Co. in July 2017.

Daniel P. Bearth | Staff Writer
October 17, 2018
Business, Equipment, Logistics

Fleet Expansion Generates Record Profits at P.A.M. Transportation Services in 3Q

P.A.M. Transport truck John Sommers II for Transport Topics

Higher rates and a bigger fleet in a strong freight market produced record profits for P.A.M. Transportation Services in the third quarter.

Daniel P. Bearth | Staff Writer
October 16, 2018
Business, Top 50, Top 100

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

J.B. Hunt J.B. Hunt Transport Services Inc.

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, Top 100

Element Sells Stock, Winds Down Investment in Celadon Joint Venture

Celadon John Sommers II for Transport Topics

Element Fleet Management Corp. has sold 45 million shares of stock to a group of banks and investment firms for $300 million and will use the net proceeds to pay down debt and implement a plan to “meaningfully” improve the company’s financial performance and position the business for growth.

Daniel P. Bearth | Staff Writer
October 15, 2018
Business, Technology

Greenbriar Acquires Telematics Firm Spireon From Bertram Capital

Spireon A Spireon booth at a show. (John Sommers II for Transport Topics)

Bertram Capital announced the sale of Spireon Inc., a fast-growing truck and trailer telematics provider, to Greenbriar Equity Group, a handoff welcomed by Spireon CEO Kevin Weiss as a way to expand the business further.

Daniel P. Bearth | Staff Writer
October 12, 2018
Business, Logistics

Grammer Industries Looks to Expand After Buyout by Stellex Capital Management

Grammer tanker Grammer Industries Inc.

The family of Charles “Shorty” Whittington and a group of top executives at Grammer Industries Inc. have teamed with Stellex Capital Management to acquire the bulk chemical hauler from another investment firm, Linx Partners.

Daniel P. Bearth | Staff Writer
October 11, 2018
Business, Technology, Logistics

Economy Puts New Demands on Logistics Firms, Surveys Find

Last-mile delivery A study zeroes in on the challenges of final-mile delivery. (XPO Logistics Inc.)

A robust economy is placing new demands on third-party logistics service providers, based on survey results from two long-running university-sponsored studies released at the Council of Supply Chain Management Professionals annual conference in Nashville, Tenn.

Daniel P. Bearth | Staff Writer
October 11, 2018
Business, Logistics

CSCMP Honors Innovators at Annual Supply Chain Conference

An effort by a team of data scientists at Intel to use artificial intelligence and cognitive computing tools to identify supply chain threats earned the top award for innovation at the 2018 Council of Supply Chain Management Professionals annual conference in Nashville, Tenn. on Oct. 3.

Daniel P. Bearth | Staff Writer
October 11, 2018
Business, Logistics

Transplace Acquires Yusen’s Intermodal, Freight Brokerage Business

Yusen intermodal activities Yusen Logistics (Americas)

Transplace Inc. has acquired the intermodal and freight brokerage business in North America of Yusen Logistics (Americas).

Daniel P. Bearth | Staff Writer
October 10, 2018
Business, Logistics

Post Capital Partners, Management Team Up to Acquire Smith Transportation Services

Isaac Chalal Isaac Chalal, a vice president at Post Capital, said the investment reflects the firm’s “executive-first strategy.” (Post Capital Partners)

Smith Transportation Services, a company based in Sunrise, Fla., that specializes in “load-to-ride” service for shippers of less-than-truckload freight, is being purchased by a group of Smith’s top executives and the New York-based investment firm Post Capital Partners.

Daniel P. Bearth | Staff Writer
October 10, 2018

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