Americold Posts 3Q Profit
Global warehouse operator Americold reported net income of $24.5 million, or 17 cents a share, in the third quarter, compared with a net loss of $11.9 million, or 17 cents a share, in the same period a year ago. Revenue increased 3.2% to $402 million in 2018 from $389.5 million in 2017.
Roadrunner Reports Third-Quarter Loss as Turnaround Effort Continues
Roadrunner Transportation Systems released financial results for the third quarter that included a net loss of $41.6 million as the Downers Grove, Ill.-based company continues to battle back from an accounting scandal and the departure of several key executives, some of whom are now facing federal charges of securities fraud for misrepresenting the company’s finances to investors over several years.
Intermodal Shipments Up 4.7% in Third Quarter
Intermodal shipments grew 4.7% in the third quarter as companies stepped up imports ahead of promised U.S. tariffs on foreign goods and domestic shippers shifted from highway to rail in response to rising freight rates and constraints on truck capacity.
Expeditors International Posts Record Profits, Net Revenue in 3Q
Expeditors International of Washington Inc. achieved record profits and net revenue in the third quarter as the Seattle-based air and ocean freight forwarder benefited from lower taxes and kept ahead of rising transportation costs in a tight-capacity market.
Hub Group to Acquire Retail Consolidation Specialist CaseStack
Hub Group has agreed to acquire CaseStack Inc. for $255 million as part of a strategy to expand and diversify its transportation service offerings.
U.S. Xpress Enterprises Posts Record Profits
U.S. Xpress Enterprises reported record profits in the third quarter as the company benefited from strong freight volumes and higher rates.
Schneider’s Profits, Revenue Higher in Third Quarter
Schneider National Inc. reported higher revenue and profits in the third quarter, but not all of its business units shared in the bounty.
XPO Logistics Posts Higher Revenue, Profits in Third Quarter
XPO Logistics announced increased revenue and profits in the third quarter and, although the gains were less than what some investment analysts had expected, CEO Bradley Jacobs said the company implemented a record number of new logistics contracts in the quarter.
C.H. Robinson Reports Growth in Revenue, Profits in Third Quarter
C.H. Robinson Worldwide posted strong growth in revenue and profits in the third quarter, helped by a lower tax rate and increased pricing in a capacity-constrained freight market.
FourKites Adds ‘Predictive’ Load Matching Service
FourKites, a load tracking firm, is tapping a former UberFreight executive to head up a new service offering predictive capacity management to shippers and carriers.