logistics News Updates

Business, Logistics

Expeditors’ 1Q Profit Improves

Expeditors International of Washington’s first-quarter profit rose 5% from a year ago, and the company said it sees “cause for optimism” for the rest of the year.

May 2, 2013
Business, Logistics

Logistics Provider Says New Website to Speed Getting Quotes

Third-party logistics provider Interstate Logistics Group said it has launched an automated freight quotation service called QuoteMyTruckload.com.

May 1, 2013
Business, Logistics

Penske Automotive Reports Record Earnings

Penske Automotive said its first-quarter income and earnings per share were the highest in its history, while Penske Logistics announced it won a bid to manage a BMW distribution center in Pennsylvania.

May 1, 2013
Business, Logistics

Wheels Group’s 4Q Income Rises

Canadian logistics company Wheels Group said its fourth-quarter earnings before interest and taxes rose during a shortened reporting period.

April 15, 2013
Business, Logistics

Transportation Software Firm Merges With Transite Technology

Transportation software company 3Gtms said it has merged with Transite Technology, a logistics software provider. Terms were not disclosed.

April 10, 2013
Business, Logistics

Penske Logistics Upgrades Data Center

Penske Logistics said Tuesday it has completed a multimillion-dollar upgrade to its data center that serves all of its supply chain customers.

April 9, 2013
Business, Logistics

U.S. Military Reduces Scope of DTCI Cargo Program

The U.S. Army has removed all specialty and flatbed freight from its outsourced logistics Defense Transportation Coordination Initiative program because those freight categories have not produced the anticipated cost savings, Transport Topics has learned.

April 8, 2013
Business, Logistics

Ceva Group’s 2012 Earnings Slip

Ceva Group, an international logistics service company based in the Netherlands, said its profit, excluding one-time items and other costs, fell 22% in 2012, hurt by customers’ shift of freight to less-expensive ocean shipping.

April 5, 2013
Business, Logistics

Lineage Logistics Acquires Seattle Cold Storage

Lineage Logistics said it has acquired Seattle Cold Storage and its facilities at Algona, Wash., and the Port of Tacoma, Wash. Terms were not disclosed.

April 4, 2013
Business, Logistics

UTi Worldwide Reports 4Q Loss

UTi Worldwide reported a fourth-quarter loss of $142.8 million, or $1.38 per share, from a profit of $12.4 million, or 12 cents, a year earlier.

March 28, 2013