Landstar Sets ‘High-Water Marks’ for Revenue, Profits in 4Q
Landstar System reported record revenue and profits in the fourth quarter of 2018 and set new “high-water marks” for the number of loads and drivers in 2018, company officials said.
C.H. Robinson Worldwide 4Q Revenue, Profits Beat Analysts’ Estimates
Freight broker and produce distributor C.H. Robinson Worldwide turned in better-than-expected financial results in the fourth quarter of 2018, posting strong gains in revenue and higher profits across nearly all of its business lines, easing concern from some investors about a deceleration in freight shipments in the year ahead.
Knight-Swift Transportation Holdings Reports Profit Gains in 4Q
Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units.
Ceva Logistics Board Rejects Stock Buyout Bid by CMA CGM
Ceva Logistics’ board of directors has recommended that shareholders reject a tender offer from CMA CGM to buy all of the publicly held shares of stock in the Swiss company, saying the price of 30 Swiss francs per share is too low.
Descartes to Acquire Visual Compliance
Descartes Systems Group agreed to acquire Visual Compliance, a firm that provides software and services to automate customs, trade and fiscal compliance processes for businesses.
Express Delivery and Logistics Association Merges With CLDA
The Express Delivery and Logistics Association, a trade group that represents air cargo and package delivery firms, has agreed to merge with the Customized Logistics & Delivery Association, according to a joint statement released Jan. 28.
Covenant Transport Reports Record Revenue, Profits in 4Q 2018
Covenant Transportation Group reported record revenue and profits in the fourth quarter of 2018 as strong demand and higher rates boosted its truckload and freight brokerage business units.
U.S. Xpress Moves to Divest U.S.-Mexico Trucking Operations
U.S. Xpress Enterprises has decided to cut back on its cross-border trucking operations, agreeing to sell its terminal in Laredo, Texas, along with 700 dry van trailers and divest its ownership of Xpress Internacional, a company based in Mexico that U.S. Xpress has operated since 2007.
Auto Driveaway Adds Truck Hauling With Purchase of J&J Driveaway
Auto Driveaway, a company based in Lombard, Ill., that supplies drivers to move vehicles for corporations and fleet management firms, is buying J&J Driveaway and J&J Freight Brokers, companies that provide drivers to move heavy-duty trucks.
TransForce Expands Into Driver Training With Acquisition of The CDL School
TransForce Inc. is making another acquisition, but this time it is not buying a rival driver staffing agency.