XPO Logistics Terminates COO Ken Wagers
XPO Logistics Inc. has terminated Chief Operating Officer Ken Wagers, a high-profile executive hired away from Amazon.com less than a year ago, according to an XPO filing with the Securities and Exchange Commission on March 11.
Walmart Expands Private Fleet Delivery, Adds New Intermodal Service
Walmart has begun expanding the scope and capabilities of its private fleet, taking over store distribution from dedicated contract carriers at facilities in Maine, Indiana and Ohio, while also adding a new intermodal service using a proprietary container design and company drivers to provide drayage service.
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.
Amazon.com 'Insourcing' Roils Freight Industry, Analysts Say
Amazon.com Inc.’s role in the shuttering of New England Motor Freight and the “body blow” dealt to XPO Logistics Inc. is raising alarms for trucking and logistics firms that do business with, or compete against, the popular online retailer.
U.S. Xpress Opens Unique Driver Training Center
Truckload carrier U.S. Xpress has opened a driver training center in Tunnel Hill, Ga., that is unlike any other.
Wheaton Van Lines Acquires Stevens Worldwide
Wheaton Van Lines is acquiring Stevens Worldwide Van Lines, adding a fourth household goods moving company to its corporate holdings.
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.
New England Motor Freight Shutdown Shakes Less-Than-Truckload Freight Market
In a move sure to shake up the regional less-than-truckload freight market in the Northeast and Mid-Atlantic states, New England Motor Freight filed for bankruptcy Feb. 11 and said it intends to wind down all of its trucking operations.
U.S. Xpress Enterprises' Efficiency Moves Pay Off
Efforts by dry van truckload carrier U.S. Xpress Enterprises to boost profits by improving the efficiency of its trucking operations are paying off.
Forward Air Achieves Record Revenue, Profits in 4Q
Forward Air Corp. turned in its best-ever fourth quarter and full year in 2018 with profits topping expectations and revenue increasing across most of its freight service lines.