logistics News Updates

Business, Logistics

Expeditors’ 2Q Profit Improves

Expeditors International of Washington said Tuesday its second-quarter profit rose 10% from a year ago on increased airfreight services revenue.

August 6, 2013
Business, Logistics

Penske Wins Contract to Manage Kroger’s Indiana Distribution Center

Penske Logistics said it won a contract to manage Kroger’s 600,000 square foot refrigerated food distribution center in West Shelbyville, Ind.

August 2, 2013
Business, Logistics

XPO Logistics Reports 2Q Loss

XPO Logistics’ second-quarter loss widened from a year ago, but revenue more than tripled.

July 31, 2013
Business, Logistics

Echo Global Logistics’ Profit Rises

Echo Global Logistics said its second-quarter profit rose from a year ago, and its revenue improved.

July 26, 2013
Business, Logistics

XPO Agrees to Buy 3PD for $365 Million, Its Eighth Acquisition in 18 Months

Rapidly growing XPO Logistics Inc. agreed to buy 3PD Inc., a third-party logistics company, for about $365 million in the most expensive publicly disclosed transport-sector transaction this year.

July 22, 2013
Business, Logistics

Hub Group’s Profit Rises on Stronger Logistics, Intermodal Operations

Hub Group Inc. reported higher second-quarter earnings on improved revenue at its intermodal and logistics units.

July 19, 2013
Business, Logistics

South Florida Logistics Co. Appoints New CEO

South Florida Logistics Services said it has hired 30-year industry veteran Chris Scott as its new CEO.

July 19, 2013
Business, Logistics

Mexico Plans to Invest $100 Billion in Ports, Rail, Roads

The Mexican government said it would invest close to $100 billion in road, port and rail projects over the next five years, the Associated Press reported.

July 17, 2013
Business, Logistics

XPO Logistics to Buy 3PD for $365 Million

XPO Logistics said Monday it has agreed to buy supply chain services company 3PD Inc. for about $365 million.

July 15, 2013
Business, Logistics

United Vision Logistics Restructures

Heavy-haul and hazardous-materials carrier United Vision Logistics said it has reorganized its ownership.

July 11, 2013