Logistics

Third party logistics company, Cardinal Logistics Management Inc., has been sold to New York private equity firm Centerbridge Partners LP.

XPO Logistics reported a second-quarter loss and  said it had acquired Canada-based Kelron Logistics for $8 million.

New trailer orders edged up 1.3% to 13,615 in June from a year ago, ACT Research said, with most manufacturers continuing to report healthy backlogs.

U.S. intermodal traffic rose 4.1% last week from a year ago, the Association of American Railroads reported.

Wabash National Corp.’s second-quarter income slipped from a year ago on acquisition costs, but the company’s trailer sales rose.

Canadian transportation firm TransForce Inc. said its second-quarter net income rose 30%, boosted by acquisitions.

Consumer confidence dropped in July to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

Universal Truckload Services said Thursday its second-quarter profit improved and that it will buy third-party logistics firm LINC Logistics for $335 million.

Frozen Food Express Industries reported a second-quarter profit, turning around a loss from a year ago, as its brokerage and logistics results improved.

C.H. Robinson Worldwide reported higher a second-quarter profit, led by improved performance in its logistics operations.