Top 50
Investment Firm Regains Ownership of GlobalTranz
GlobalTranz Enterprises has struck a deal with Providence Equity Partners to acquire the business from The Jordan Co. in a move designed to provide additional financial support for the company’s aggressive growth strategy.
Ceva to Manage Ikea Distribution Center in New York
Ceva Logistics has opened a customer distribution center with home-furnishings retailer Ikea in Staten Island, N.Y., according to a news release.
March 11, 2019C.H. Robinson Acquires Spanish Freight Forwarder Space Cargo Group
C.H. Robinson Worldwide, in a move to bolster its international freight business, has purchased The Space Cargo Group, a company based in Madrid that provides freight forwarding, customs brokerage and other logistic services in Spain and Colombia, for $48 million in cash.
March 1, 2019Universal Logistics Reports Record Revenue in 4Q, 2018
Universal Logistics Holdings Inc. reported its best quarter ever, marking its eighth consecutive reporting period in which a revenue record was set.
February 25, 2019Americold 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.
J.B. Hunt Finalizes Acquisition of Cory 1st Choice Home Delivery
J.B. Hunt Transport Services completed the purchase of Cory 1st Choice Home Delivery on Feb. 15, the Lowell, Ark.-based transportation company and logistics firm announced.
February 19, 2019XPO’s Brad Jacobs Hits Brakes on M&As
After building a fortune and several businesses by buying company after company, XPO Logistics Inc. CEO Brad Jacobs is abandoning acquisitions, a principal reason many investors bought into the stock.
XPO Denies Memphis Plant Closing Is Retaliation
XPO Logistics Inc. confirmed Feb. 14 that it will close a facility in Memphis, Tenn., where some employees have made allegations of pregnancy discrimination and sexual harassment, and the next day CEO Brad Jacobs said a customer's request prompted the decision.
Montreal Firm FLS Transportation Services Acquires Scott Logistics
FLS Transportation Services, a Montreal-based 3PL, has announced the acquisition of Scott Logistics Corp., a freight broker headquartered in Georgia.
February 15, 2019XPO 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.