Hub Group Revenue Tops $1 Billion in Fourth Quarter
Intermodal and logistics service provider Hub Group reported revenue topping $1 billion and higher profits in the fourth quarter of 2018.
Americold Acquires PortFresh Warehouse, Plans Port of Savannah Expansion
Cold storage warehouse operator Americold acquired PortFresh Holdings in Savannah, Ga., and said it will build a 15 million-square-foot cold storage facility on an adjacent site as part of a move to increase the firm’s share of the market for food imports and exports at the Port of Savannah.
Mullen Group Takes Hit From Downturn in Oil Field Services
Mullen Group reported higher revenue and profits in the fourth quarter of 2018 despite a “market meltdown” caused by falling oil prices that curtailed demand for transportation services as the year ended.
Werner Enterprises Posts Record Results
Werner Enterprises produced record revenue and higher profits in the fourth quarter of 2018 as a strong economy fueled demand for both its trucking and logistics services.
Echo Global Logistics Posts Record Revenue, Higher Profits in 4Q
Echo Global Logistics posted record revenue and higher profits in the fourth quarter of 2018 as strong freight demand boosted demand for freight brokerage services and more shippers outsourced freight management activities.
Patriot Transportation Reports Fiscal 1Q Results
Patriot Transportation Holding, the Jacksonville, Fla.-based parent of Florida Rock & Tank Lines, reported higher profits and revenue in the first fiscal quarter of 2019.
USA Truck Reports Improved Financial Results in 4Q
USA Truck’s financial results for the fourth quarter of 2018 show progress in boosting the profitability of its trucking business while efforts continue to do the same for the company’s freight brokerage business unit.
FitzMark Acquires Reliable Source Logistics
Two Indianapolis-based freight brokerage firms, FitzMark Inc. and Reliable Source Logistics, are joining forces in a quest to build a global “logistics powerhouse,” company officials said.
I.D. Systems Acquires CarrierWeb to Expand Asset-Tracking Capabilities
Asset-tracking specialist I.D. Systems Inc. has acquired the U.S.-based assets of CarrierWeb, a global telematics firm that provides in-cab mobile communications, electronic logging devices and trailer tracking.
Schneider National Posts Record 4Q Results
Schneider National Inc. delivered record revenue and operating profits in the fourth quarter of 2018, and the company’s top executive said he expects to see continued improvement in the year ahead.