Odyssey Logistics & Technology Acquires Two Firms
Odyssey Logistics & Technology Corp. said it has acquired CMI Freight-Trans and Steel Wheel Transfer. Terms were not disclosed.
January 22, 2014Radiant Logistics Announces Stock Sale
Radiant Logistics Inc. announced the sale of $20 million worth of preferred stock, with the intent of paying off a balance owed for senior subordinated notes.
December 16, 2013XPO Agrees to Buy Landstar Unit for $87 Million
XPO Logistics Inc. said Dec. 11 it has agreed to purchase NLM, a web-based expediter, from Landstar System for $87 million in cash.
December 11, 2013Most Top Trucking Companies Use Social Media, Study Says
Major U.S. trucking companies are now widely using social media, but not as much as other business-to-business firms, according to a new study by trucking technology supplier Carrier Logistics Inc.
December 2, 2013JF Hillebrand Buys Satellite Logistics
Satellite Logistics Group said it has been purchased by JF Hillebrand Group AG, a company based in Mainz, Germany, that provides beverage logistics services globally. Terms were not disclosed.
XPO Buys Optima Service Solutions for $26.6 Million
XPO Logistics said Nov. 15 it has purchased Optima Service Solutions, a last-mile logistics services provider for retailers and manufacturers, for $26.6 million.
November 15, 2013IWLA Hires DeHaan as CEO
The International Warehouse and Logistics Association named Steve DeHaan as its CEO.
November 13, 2013Logistics Companies Growing Larger, Spurred by New Capital, Innovation
Logistics companies are undergoing a remarkable transformation, according to industry executives.
November 11, 2013C.H. Robinson’s 3Q Earnings Decline
C.H. Robinson Worldwide Inc. reported third-quarter earnings fell 7.4% to $107.7 million, or 69 cents per share, from $116.3 million, or 72 cents per share a year ago, in the truckload segment.
November 6, 2013Expeditors’ 3Q Profit Rises 4%
Expeditors International of Washington’s third-quarter profit rose 4% from a year ago despite “volatility” in ocean and air markets, the company said.
November 5, 2013