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Business, Logistics, 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.

Daniel P. Bearth | Staff Writer
April 4, 2019
Business, Logistics, Top 50

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, 2019
Business, Logistics, Top 50

C.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, 2019
Business, Top 50

Universal 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, 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, Top 50

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, 2019
Government, Business, Logistics, Top 50

XPO’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.

Thomas Black | Bloomberg News
February 19, 2019
Government, Business, Logistics, Top 50, TCA

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.

Paul Schott | The Advocate (Stamford, Conn.)
February 19, 2019
Business, Logistics, Top 50

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, 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