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Logistics News
Business, Technology, Logistics

Ebix Acquires Stake in India-Based B2B Marketplace

EbixCash, a software and e-commerce service provider, has acquired a 67% stake in Routier, an India-based business-to-business marketplace for trucking logistics. The investment indicates an effort to capitalize on India’s rapidly growing logistics market.

October 29, 2018
Business, Technology, Fuel, Logistics

UPS, Walmart Find Electric Vehicles Offer Benefits, Opportunities

OAKLAND, Calif. — Representatives from UPS Inc. and Walmart Inc., two of the country’s largest fleets, said electric vehicles can provide environmental, economic and community benefits, which make efforts to work through challenges surrounding duty cycle, charging infrastructure and cost worthwhile.

Mindy Long | Special to Transport Topics
October 29, 2018
Business, Technology, Logistics

Indonesian Logistics Startup Waresix Lands $1.6 Million Funding

Waresix, an Indonesian warehouse startup, is tapping into its country’s fast-growing logistics market. The company announced in October that it had obtained $1.6 million in pre-Series A funding, led by East Ventures and Monk’s Hill Ventures.

October 29, 2018
Business, Technology, Logistics

Haven Launches Platform to Aid Carriers, Shippers With Bookings

Software company Haven announced the launch of Origin, a carrier-neutral product that offers a streamlined booking process for carriers and forwarders.

October 29, 2018
Business, Technology, Logistics

BlueGrace to Bolster Presence in Chicago

BlueGrace Logistics has announced that it will add jobs and approximately double its footprint in the Chicago Board of Trade.

October 26, 2018
Business, Technology, Logistics, Top 50

African Logistics Company Lori Announces Expansion

Lori Systems, a logistics startup based in Kenya, Africa, recently announced expansion into Uganda, Rwanda and South Sudan.

October 26, 2018
Business, Logistics, Top 50, Top 100

Universal Logistics Reports Best-Ever 3Q Results

Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year.

Daniel P. Bearth | Staff Writer
October 25, 2018
Business, Logistics, Top 100

USA Truck Continues Turnaround With Improved Results in 3Q

USA Truck reported higher revenues and profits in the third quarter of 2018, continuing a financial turnaround started in 2017.

Daniel P. Bearth | Staff Writer
October 25, 2018
Business, Logistics

LTL Carrier Old Dominion 3Q Financials Beat Analysts’ Expectations

Citing the strong U.S. economy and available capacity, Old Dominion Freight Line Inc. produced record results for revenue and profitability during the third quarter, CEO Greg Gantt said Oct. 25.

Dan Ronan | Senior Reporter
October 25, 2018
Business, Logistics

Truck Tonnage Dips, but Freight Outlook Remains Strong

A year-long surge in freight volume continues despite a modest dip in a widely followed truck tonnage index over the past two months.

Daniel P. Bearth | Staff Writer
October 25, 2018
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