GE Opens Energy Logistics Center
General Electric Co. opened a new logistics center in Olive Branch, Miss., to distribute replacement wind turbine parts and solar technology components to customers in North and South America.
December 1, 2011Trailer Bridge Reports Third-Quarter Loss
Trailer Bridge Inc. reported a third-quarter loss of $1.9 million, or 16 cents per share, compared to net income of $6,900, or zero cents, a year ago.
November 22, 2011ABF Eyes Acquisition, New Services, Incoming President Slagle Says
ATLANTA — ABF Freight System is evaluating the addition of new service offerings and a possible acquisition at the corporate level, the incoming president of the less-than-truckload carrier said here last week.
November 22, 2011FedEx Orders 100 New Step-In Vans
FedEx Express said it has purchased 100 Reach model walk-in vans with composite materials made by Isuzu Commercial Truck of America and bodybuilder Utilimaster Corp.
November 22, 2011Equity Firm Increases Investment in Syncreon
Private equity firm GenNx360 Capital Partners on Thursday announced it has increased its investment in and ownership of syncreon, a global logistics and supply chain company.
November 17, 2011TNT Express’ 3Q Profit Declines
TNT Express NV, Europe’s second largest post company, said its third-quarter earnings fell to about $7 million, from about $19 million a year earlier, Bloomberg reported.
November 10, 2011UPS, FedEx Gear Up for Holidays
UPS Inc. said it expects to hire 55,000 temporary workers and FedEx Corp. 20,000 workers for the holiday season.
November 10, 2011XPO Logistics Posts Loss; Sets Executive Appointments
XPO Logistics posted a third-quarter loss, named seven new senior executives and said it was targeting multiple acquisitions in the logistics and freight brokerage field.
November 8, 2011Hub Group Buys Challenge Transportation
Hub Group Inc. said that its Comtrak Logistics Inc. subsidiary has acquired Newark, N.J., intermodal drayage carrier Challenge Transportation. No terms were announced.
November 8, 2011TT Logistics 50: Global Events Alter 3PLs’ Strategies, Practices
Natural disasters, political upheaval and financial woes are forcing shippers to reevaluate their supply chains and, in some cases, change the way they procure parts and materials and the way they distribute goods.
November 7, 2011