Top 50

Less than a month after saying it would explore strategic alternatives for Mode Transportation, Hub Group found a buyer to pay more than $200 million for its agent-based multimodal freight brokerage business.

Students learning about supply chain management and logistics at the University of North Georgia-Dahlonega campus are getting some insider training thanks to a new partnership with Syfan Logistics of Gainesville.

Americold Logistics reported improved financial results for the second quarter with revenue from its temperature-controlled warehousing operations growing 2.8% and profit margins expanding by 150 basis points, or 1.5%, compared with the same period a year ago.

XPO Logistics has expanded its home-delivery business in Canada with the opening of a 50,000-square-foot distribution hub in Toronto.

Air and ocean freight forwarder Expeditors International of Washington reported sharply higher profits and strong revenue growth in the second quarter of 2018.

Pilot Freight Services acquired Manna Freight Systems to expand its final-mile delivery and installation services of furniture and appliances. Terms of the deal were not released.

Publicly traded trucking firms have seen record-setting freight in the first half of this year but their stock prices have lagged as cautious investors pulled back from a long-running bull market and an industry that can’t find enough drivers to haul its loads.

PepsiCo Inc. and related companies agreed to pay $5 million to settle claims that drivers didn’t receive breaks required by California law.

South Korea’s CJ Logistics will take majority control of Des Plaines, Ill.-based DSC Logistics in a deal expected to close in the third quarter.

Lineage Logistics has acquired Service Cold Storage in Stevens Point, Wis., along with a portfolio of four leased cold-storage warehouses located in Georgia, Louisiana, South Carolina and Virginia.