Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units.
January 29, 2019Daniel P. Bearth
Ceva Logistics Board Rejects Stock Buyout Bid by CMA CGM
Ceva Logistics’ board of directors has recommended that shareholders reject a tender offer from CMA CGM to buy all of the publicly held shares of stock in the Swiss company, saying the price of 30 Swiss francs per share is too low.
January 29, 2019Descartes to Acquire Visual Compliance
Descartes Systems Group agreed to acquire Visual Compliance, a firm that provides software and services to automate customs, trade and fiscal compliance processes for businesses.
January 28, 2019Covenant Transport Reports Record Revenue, Profits in 4Q 2018
Covenant Transportation Group reported record revenue and profits in the fourth quarter of 2018 as strong demand and higher rates boosted its truckload and freight brokerage business units.
January 25, 2019U.S. Xpress Moves to Divest U.S.-Mexico Trucking Operations
U.S. Xpress Enterprises has decided to cut back on its cross-border trucking operations, agreeing to sell its terminal in Laredo, Texas, along with 700 dry van trailers and divest its ownership of Xpress Internacional, a company based in Mexico that U.S. Xpress has operated since 2007.
January 24, 2019Auto Driveaway Adds Truck Hauling With Purchase of J&J Driveaway
Auto Driveaway, a company based in Lombard, Ill., that supplies drivers to move vehicles for corporations and fleet management firms, is buying J&J Driveaway and J&J Freight Brokers, companies that provide drivers to move heavy-duty trucks.
January 23, 2019TransForce Expands Into Driver Training With Acquisition of The CDL School
TransForce Inc. is making another acquisition, but this time it is not buying a rival driver staffing agency.
January 23, 2019Heartland Express Sees Profits Jump as Fleet Gets Smaller
Heartland Express reported lower revenue but higher profits in the fourth quarter of 2018 as the company continues a program to shrink its fleet and re-establish itself as one of the nation’s most efficient truck operators.
January 22, 2019RoadOne IntermodaLogistics Receives Investment From Nonantum Capital Partners
Nonantum Capital Partners announced that it is partnering with Ken Kellaway and David McLaughlin to re-capitalize RoadOne IntermodaLogistics, a company based in Randolph, Mass., that provides container drayage, transloading and warehousing services at ports and rail terminals throughout the United States.
January 18, 2019J.B. Hunt Reports Mixed Fourth-Quarter Results
J.B. Hunt Transport Services reported mixed results in the fourth quarter of 2018, with a slump in intermodal shipments and charges related to an ongoing arbitration dispute with BNSF Railway overshadowing strong gains in its dedicated contract carriage, freight brokerage and over-the-road trucking businesses.
January 17, 2019