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Logistics News
Business, Logistics

TransForce Continues Expansion Trend by Acquiring USA Drivers

TransForce Inc. said it purchased regional staffing agency USA Drivers, marking the 14th acquisition for TransForce since 2013.

Jim Stinson | Staff Reporter
February 26, 2019
Business, Logistics

Lineage Logistics Buys Preferred Freezer Services

Refrigerated storage company Lineage Logistics of Novi, Mich., said it has agreed to purchase Preferred Freezer Services, a network of temperature-controlled cold storage warehouses based in Chatham, N.J.

Jim Stinson | Staff Reporter
February 26, 2019
Business, Fuel, Logistics

TravelCenters of America Reports Mixed 4Q, Annual Results

TravelCenters of America, the nation’s only publicly traded truck stop network, reported a narrowed loss in fourth-quarter net income but an increase in revenue.

Roger Gilroy | Senior Reporter
February 26, 2019
Business, Logistics

Grocery Delivery Helps Costco Edge Amazon in Consumer Satisfaction Survey

Costco Wholesale Corp. may be a latecomer to e-commerce, but consumers love it even more than Amazon.com, according to a customer satisfaction survey released Feb. 26.

Spencer Soper | Bloomberg News
February 26, 2019
Business, Equipment, Logistics

Warning Signs Flash for Detroit as Jeep Wranglers Pile Up on Dealer Lots

An unexpected spike in inventory of Fiat Chrysler Automobile NV’s iconic Jeep is stoking concern that the American SUV boom that has fueled Detroit automakers’ profit is reaching its limits.

February 26, 2019
Government, Business, Logistics

Vancouver Squeezed for Industrial Space, Canadian Brokerage Says

The market for industrial space is so hot in Vancouver, British Columbia, the city may run out of land for the sector, according to brokerage CBRE Ltd.

Natalie Wong | Bloomberg News
February 26, 2019
Government, Business, Technology, Logistics

Musk Faces Contempt Claim for Violating Accord With SEC

Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc., raising fresh concerns about the chief executive officer’s ability to keep his impulses in check and responsibly run a public company.

February 26, 2019
Business, Logistics

Housing Starts Decline to Two-Year Low in December

U.S. new-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets.

Katia Dmitrieva | Bloomberg News
February 26, 2019
Business, Logistics

Teamsters: Jack Cooper Workers at Ford Plant in Louisville Won’t Be Laid Off

Four hundred twenty-five union workers at the Ford Truck Plant in Louisville, Ky., who were told Feb. 20 they were being laid off April 21, will not be out of work, according to a Teamsters union leader who spoke with Transport Topics.

Dan Ronan | Senior Reporter
February 26, 2019
Business, Logistics

Home Depot Falls as Sales Outlook Slows and Housing Starts Lose Steam

Home Depot Inc. shares fell on Feb. 26 after the retailer said sales gains will start to cool off this year — mirroring a trend in the U.S. housing market.

Matt Townsend | Bloomberg News
February 26, 2019
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