Dave Flessner
Kenco Logistics Adds Fifth California Warehouse
Kenco
Kenco Logistics, North America’s biggest privately owned third-party logistics provider, has opened another warehouse to serve the Los Angeles market in Perris, Calif.
September 13, 2019Arrive Logistics Raises $25 Million for Expansion
Arrive Logistics
Freight brokerage company Arrive Logistics announced June 18 that it has raised an additional $25 million for expansion.
June 19, 2019Western Express to Invest $88 Million, Add 225 Jobs in Tennessee
John Sommers II for Transport Topics
Western Express, a Nashville-based freight company, announced May 1 it will spend $88 million and add 225 jobs as it adds new technology, business services and back-office support at its headquarters and expands its truck fleet nationwide.
May 1, 2019Avenger Logistics Poised to Join Chattanooga’s Roster of Rapidly Growing Firms
Avenger Logistics, a freight brokerage and logistics company created in 2015 by former Gold Bond Inc. owner Don Godsey, is likely to be a top local contender on the 2019 Inc. list after growing from $9 million in sales in 2016 to more than $60 million this year. The company expects to top $100 million in sales next year.
November 13, 2018Spanish Trucking, Logistics Firm Builds North American Hub in Chattanooga
Grupo Sesé
Grupo Sesé, a major Spanish trucking and logistics company that handles the freight of many major European companies including Volkswagen, came to Chattanooga, Tenn., in late 2012 to serve VW’s U.S. assembly plant.
October 11, 2018U.S. Xpress Revenue Grows 21.4% in Past Year
TT file photo
A three-year turnaround in the operations and culture at U.S. Xpress Enterprises helped the Chattanooga, Tenn., trucking firm raise more than $250 million in an initial stock offering in June and deliver its best operating ratio in two decades this spring.
August 3, 2018Steam Logistics Continues International Growth Despite Tariff Threat
Steam Logistics
Despite growing concerns of a trade war, one of Chattanooga, Tenn.’s fastest-growing international companies still expects to grow by more than 60% this year shipping goods worldwide.
June 18, 2018U.S. Xpress Raises Over $250 Million in Stock Issue
New York Stock Exchange
A decade after its owners took the company private, U.S. Xpress Enterprises, Inc. returned to Wall Street June 14 to raise more than $250 million of equity and again become a publicly traded company.
June 15, 2018Covenant Transport Pays $2,000 Bonuses to 44 Teams
Daniel Oines/Flickr
Covenant Transport handed out $88,000 in its new team bonus program last month to 44 teams that eclipsed the 60,000 miles together to earn the company’s new $2,000-per-team bonus.
May 9, 2018Covenant Transport Raises Profit Outlook
John Sommers II for Transport Topics
Covenant Transport raised its profit outlook March 14 for the first quarter after freight revenue rose a better-than-expected 6.3% in the first couple of months of 2018.
March 15, 2018