Expeditors’ Third-Quarter Profit Declines
Logistics firm Expeditors International of Washington said Tuesday its third-quarter profit declined from a year ago on a “convergence of industry challenges.”
November 6, 2012XPO Logistics Reports 3Q Loss
XPO Logistics reported a third-quarter loss of $3.1 million or 22 cents per share, compared with net income of $190,000 and a loss of $5.38, a year ago.
November 6, 20122012 TT Top 50 Logistics Companies: E-Commerce’s Steep Growth Drives Logistics Strategies
The rapid growth of e-commerce is forcing all kinds of businesses — from retailers and wholesale distributors to manufacturers and import-export companies — to change the way they distribute goods.
November 5, 2012Study Predicts Far More New Logistics Jobs Than Qualified Workers Over Next 4 Years
U.S. companies are expected to create more than 1 million logistics-related jobs in the next four years, but educational institutions are currently turning out a small fraction of the trained workers that will be needed, a new study shows.
November 5, 2012Caterpillar Logistics Changes Name to Neovia
Third-party logistics firm Caterpillar Logistics Services said Thursday it has changed its name to Neovia Logistics Services.
November 2, 2012XPO Buys Turbo Logistics for $50 Million
XPO Logistics said Thursday it has purchased Turbo Logistics, the freight brokerage division of logistics company OHL, for $50 million.
October 25, 2012England Logistics Buys Freight Broker
Third-party logistics provider England Logistics has acquired certain assets of freight broker Kampstra Transportation & Logistics.
October 25, 2012Menlo Awarded Contract Extension from DOD for Outsourcing Military Freight Shipments
The U.S. Transportation Command said it has awarded Menlo Worldwide Logistics a one-year extension on its contract to outsource military freight shipments nationwide.
October 22, 2012XPO Logistics Raises Funds, Says Results to Lag Forecasts
XPO Logistics, which recently completed $125 million in additional financing, said that its third-quarter results will not match analysts’ expectations.
October 4, 2012Universal Buys Logistics Firm for $335 Million
Universal Truckload Services said it has completed the purchase of third-party logistics firm LINC Logistics for $335 million.
October 3, 2012