Expeditors’ 1Q Profit Improves
Expeditors International of Washington’s first-quarter profit rose 5% from a year ago, and the company said it sees “cause for optimism” for the rest of the year.
May 2, 2013Logistics Provider Says New Website to Speed Getting Quotes
Third-party logistics provider Interstate Logistics Group said it has launched an automated freight quotation service called QuoteMyTruckload.com.
Penske Automotive Reports Record Earnings
Penske Automotive said its first-quarter income and earnings per share were the highest in its history, while Penske Logistics announced it won a bid to manage a BMW distribution center in Pennsylvania.
May 1, 2013Wheels Group’s 4Q Income Rises
Canadian logistics company Wheels Group said its fourth-quarter earnings before interest and taxes rose during a shortened reporting period.
April 15, 2013Transportation Software Firm Merges With Transite Technology
Transportation software company 3Gtms said it has merged with Transite Technology, a logistics software provider. Terms were not disclosed.
April 10, 2013Penske Logistics Upgrades Data Center
Penske Logistics said Tuesday it has completed a multimillion-dollar upgrade to its data center that serves all of its supply chain customers.
April 9, 2013U.S. Military Reduces Scope of DTCI Cargo Program
The U.S. Army has removed all specialty and flatbed freight from its outsourced logistics Defense Transportation Coordination Initiative program because those freight categories have not produced the anticipated cost savings, Transport Topics has learned.
April 8, 2013Ceva Group’s 2012 Earnings Slip
Ceva Group, an international logistics service company based in the Netherlands, said its profit, excluding one-time items and other costs, fell 22% in 2012, hurt by customers’ shift of freight to less-expensive ocean shipping.
April 5, 2013Lineage Logistics Acquires Seattle Cold Storage
Lineage Logistics said it has acquired Seattle Cold Storage and its facilities at Algona, Wash., and the Port of Tacoma, Wash. Terms were not disclosed.
April 4, 2013UTi Worldwide Reports 4Q Loss
UTi Worldwide reported a fourth-quarter loss of $142.8 million, or $1.38 per share, from a profit of $12.4 million, or 12 cents, a year earlier.
March 28, 2013