Business

Landstar Sets ‘High-Water Marks’ for Revenue, Profits in 4Q

Landstar System reported record revenue and profits in the fourth quarter of 2018 and set new “high-water marks” for the number of loads and drivers in 2018, company officials said.

Daniel P. Bearth | Staff Writer
January 30, 2019
Business

C.H. Robinson Worldwide 4Q Revenue, Profits Beat Analysts’ Estimates

Freight broker and produce distributor C.H. Robinson Worldwide turned in better-than-expected financial results in the fourth quarter of 2018, posting strong gains in revenue and higher profits across nearly all of its business lines, easing concern from some investors about a deceleration in freight shipments in the year ahead.

Daniel P. Bearth | Staff Writer
January 30, 2019
Business, Logistics, Top 100

Knight-Swift Transportation Holdings Reports Profit Gains in 4Q

Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units.

Daniel P. Bearth | Staff Writer
January 29, 2019
Business, Logistics, Top 50, Top 100

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.

Daniel P. Bearth | Staff Writer
January 29, 2019
Business

Descartes 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.

Daniel P. Bearth | Staff Writer
January 28, 2019
Business

Express Delivery and Logistics Association Merges With CLDA

The Express Delivery and Logistics Association, a trade group that represents air cargo and package delivery firms, has agreed to merge with the Customized Logistics & Delivery Association, according to a joint statement released Jan. 28.

Daniel P. Bearth | Staff Writer
January 28, 2019
Business

Covenant 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.

Daniel P. Bearth | Staff Writer
January 25, 2019
Business, Logistics

U.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.

Daniel P. Bearth | Staff Writer
January 24, 2019
Business, Technology

Auto 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.

Daniel P. Bearth | Staff Writer
January 23, 2019
Business, Safety

TransForce 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.

Daniel P. Bearth | Staff Writer
January 23, 2019