US Logistics Costs Rise 11.4% in 2018, Report Says
Businesses spent $1.64 trillion on transportation and logistics services in the United States in 2018, a jump of 11.4% from the prior year, as companies retooled supply chains in response to the growth in online sales and tight capacity drove up freight rates.
Chipman Relocation Expands in California With Purchase of Olsen & Fielding
Chipman Relocation & Logistics has acquired Olsen & Fielding Moving Services, a company based in Sacramento, Calif., that provides commercial and residential moving services under the Mayflower Transit banner and is a provider of moving services to the U.S. Department of Defense.
Humans Wanted: Self-Driving Truck Technology Firms Seek Drivers
A pair of leading developers of autonomous truck technologies, TuSimple and Starsky Robotics, are looking for human drivers to help advance their businesses.
Wind Point Partners Acquires A&R Logistics
Wind Point Partners, a Chicago-based private equity investment firm, has acquired A&R Logistics and will partner with management to expand the company’s business and make additional acquisitions, according to a statement issued May 7.
Ryder System Posts Robust First Quarter, Boosts Profit Forecast for 2019
Ryder System posted higher earnings and strong sales growth in its dedicated and supply chain solutions businesses for the first quarter of 2019.
XPO Logistics Sets New Growth Targets After Setbacks in 2018
XPO Logistics reported lower profits and overall flat revenue in the first quarter of 2019, but the company’s CEO drew an optimistic picture of the business going forward with $1.1 billion in new business added so far this year and more than $4 billion in active bids in its sales pipeline.
C.R. England Settles Lawsuit Over Lease-to-Own Program
C.R. England Inc. has reached a $37.8 million settlement with a group of drivers who claim the company fraudulently recruited them to participate in a truck lease-to-own program and then saddled them with high-interest loans that made it difficult to succeed.
BASF, Trimac Invest in New Bulk Freight-Matching Platform Bulky
The world’s largest chemical shipper and one of the largest bulk carriers in North America are investing $1 million in what they say is the first digital freight-matching network for shipping liquid bulk commodities by truck.
Heartland Express Continues to Post Profit Improvement
Heartland Express Inc. reported another quarter of profit improvement despite a weakening freight environment and bad weather in the first quarter of 2019.
Apollo Offers $1.1 Billion to Buy Back Smart & Final Stores
Apollo Global Management is getting back into the grocery business in a big way.