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Logistics News
Business, Logistics

XPO Logistics Sells Truckload Business to TransForce for $558 Million

XPO Logistics has sold the Con-way Inc. truckload business to TransForce Inc. for $558 million in cash, a move that involved negotiations between two of the Top 10 companies on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.

Ari Ashe | Staff Reporter
October 27, 2016
Business, Logistics

Net Income Falls at Hub Group, Echo

Hub Group Inc. and Echo Global Logistics Inc. reported weaker third-quarter earnings as pressure on profit margins continued to hurt results in the sector.

October 26, 2016
Logistics

Norfolk Southern Sole US Railroad to Report Higher Third-Quarter Earnings

Norfolk Southern Corp. became the only U.S. railroad to report higher third quarter earnings, improving net income 2% to $460 million, or $1.55 per share, as cost reductions of 10% outpaced a decline in revenue.

October 26, 2016
Business, Logistics

Logistics Firms Sunteck Transport Group, TTS Announce Merger

Logistics service providers Sunteck Transport Group and TTS have agreed to merge, a deal that continues a consolidation trend in the industry.

October 26, 2016
Business, Government, Logistics

Consumer Confidence Retreated More Than Forecast in October

Consumer confidence declined more than forecast in October, as households became less upbeat about the economy and labor market, figures from the New York-based Conference Board showed Oct. 25.

Sarah Ponczek | Bloomberg News
October 26, 2016
Business, Logistics

Swift Transportation Profits Rise in Third Quarter

Swift Transportation reported profits were up 4.7%, one of the few bright spots so far in the industry for the third quarter, and the company said it was the result of cutting expenses to deal with the challenging truckload environment.

October 24, 2016
Business, Logistics

Experimental Cotton Shipment from Houston to China Could Revolutionize Logistics

When the Marie Schulte rounds the breakwater off the Chinese port of Qingdao in early November, bankers on two continents will be watching anxiously.

Emily Cadman | Bloomberg News
October 24, 2016
Logistics

Princeton Consultants Acquires TMS Software From Norfolk Southern

Princeton Consultants, an information technology and management consulting firm, has acquired the transportation management software business from TransWorks, a unit of rail operator Norfolk Southern Corp., and will use it as the basis for a new business to help manage interactions between shippers and carriers.

October 24, 2016
Business, Logistics

Hanjin Shipping Wins Court Approval to Wind Down Europe Business

Hanjin Shipping Co., South Korea’s largest container line that has put its Asia-U.S. business on sale after filing for bankruptcy protection in late August, won approval from a court to wind down its European operations as demand for its services to the continent slumped.

Kyunghee Park | Bloomberg News
October 24, 2016
Business, Logistics

US Trailer Orders Fall by 65% in September as Market Returns to More ‘Typical’ Demand

Trailer orders in September fell below 13,000 as the market continues to adapt and reshape itself after a banner 2015, analysts said.

Roger Gilroy | Senior Reporter
October 24, 2016
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