Business, Logistics

XPO Logistics Terminates COO Ken Wagers

XPO Logistics Inc. has terminated Chief Operating Officer Ken Wagers, a high-profile executive hired away from Amazon.com less than a year ago, according to an XPO filing with the Securities and Exchange Commission on March 11.

Daniel P. Bearth | Staff Writer
March 11, 2019
Business, Logistics, Top 100

Walmart Expands Private Fleet Delivery, Adds New Intermodal Service

Walmart has begun expanding the scope and capabilities of its private fleet, taking over store distribution from dedicated contract carriers at facilities in Maine, Indiana and Ohio, while also adding a new intermodal service using a proprietary container design and company drivers to provide drayage service.

Daniel P. Bearth | Staff Writer
February 27, 2019
Business, Logistics, Top 50

Americold Completes First Year as Public Company With Solid Financial Results

Warehouse operator Americold completed its first year as a public company by reporting solid gains in revenue and higher operating profits in the fourth quarter of 2018.

Daniel P. Bearth | Staff Writer
February 21, 2019
Business, Logistics

Amazon.com 'Insourcing' Roils Freight Industry, Analysts Say

Amazon.com Inc.’s role in the shuttering of New England Motor Freight and the “body blow” dealt to XPO Logistics Inc. is raising alarms for trucking and logistics firms that do business with, or compete against, the popular online retailer.

Daniel P. Bearth | Staff Writer
February 21, 2019
Business, Safety

U.S. Xpress Opens Unique Driver Training Center

Truckload carrier U.S. Xpress has opened a driver training center in Tunnel Hill, Ga., that is unlike any other.

Daniel P. Bearth | Staff Writer
February 21, 2019
Business, Logistics

Wheaton Van Lines Acquires Stevens Worldwide

Wheaton Van Lines is acquiring Stevens Worldwide Van Lines, adding a fourth household goods moving company to its corporate holdings.

Daniel P. Bearth | Staff Writer
February 20, 2019
Business, Logistics, Top 50, Top 100

XPO Logistics Reports Disappointing Earnings

XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.

Daniel P. Bearth | Staff Writer
February 14, 2019
Business, Top 100

New England Motor Freight Shutdown Shakes Less-Than-Truckload Freight Market

In a move sure to shake up the regional less-than-truckload freight market in the Northeast and Mid-Atlantic states, New England Motor Freight filed for bankruptcy Feb. 11 and said it intends to wind down all of its trucking operations.

Daniel P. Bearth | Staff Writer
February 12, 2019
Business, Logistics, Top 100

U.S. Xpress Enterprises' Efficiency Moves Pay Off

Efforts by dry van truckload carrier U.S. Xpress Enterprises to boost profits by improving the efficiency of its trucking operations are paying off.

Daniel P. Bearth | Staff Writer
February 8, 2019
Business, Top 100

Forward Air Achieves Record Revenue, Profits in 4Q

Forward Air Corp. turned in its best-ever fourth quarter and full year in 2018 with profits topping expectations and revenue increasing across most of its freight service lines.

Daniel P. Bearth | Staff Writer
February 7, 2019