XPO Logistics announced increased revenue and profits in the third quarter and, although the gains were less than what some investment analysts had expected, CEO Bradley Jacobs said the company implemented a record number of new logistics contracts in the quarter.
October 31, 2018Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Two Investment Firms Acquire Anderson Cargo Services
Two private equity investment firms have come together to acquire Anderson Cargo Services, a St. Paul, Minn.-based logistics firm.
October 31, 2018C.H. Robinson Reports Growth in Revenue, Profits in Third Quarter
C.H. Robinson Worldwide posted strong growth in revenue and profits in the third quarter, helped by a lower tax rate and increased pricing in a capacity-constrained freight market.
October 31, 2018FourKites Adds ‘Predictive’ Load Matching Service
FourKites, a load tracking firm, is tapping a former UberFreight executive to head up a new service offering predictive capacity management to shippers and carriers.
October 31, 2018EBE Launches InfoStream to Provide Regulatory Compliance Services
AUSTIN, Texas — EBE Technologies has established a new company, InfoStream, to provide management services that complement its core transportation software business.
October 30, 2018Port of Corpus Christi, Carlyle Group to Partner on Texas Terminal
The Port of Corpus Christi and investment firm The Carlyle Group will team to develop an inland crude oil export terminal for some of the world’s largest oil tankers.
October 29, 2018Ebix 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, 2018UPS, 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.
October 29, 2018Indonesian 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, 2018Haven 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