logistics News Updates

Business, Logistics

Expeditors’ Third-Quarter Profit Declines

Logistics firm Expeditors International of Washington said Tuesday its third-quarter profit declined from a year ago on a “convergence of industry challenges.â€

November 6, 2012
Business, Logistics

XPO Logistics Reports 3Q Loss

XPO Logistics reported a third-quarter loss of $3.1 million or 22 cents per share, compared with net income of $190,000 and a loss of $5.38, a year ago.

November 6, 2012
Business, Logistics

2012 TT Top 50 Logistics Companies: E-Commerce’s Steep Growth Drives Logistics Strategies

The rapid growth of e-commerce is forcing all kinds of businesses — from retailers and wholesale distributors to manufacturers and import-export companies — to change the way they distribute goods.

November 5, 2012
Business, Logistics

Study Predicts Far More New Logistics Jobs Than Qualified Workers Over Next 4 Years

U.S. companies are expected to create more than 1 million logistics-related jobs in the next four years, but educational institutions are currently turning out a small fraction of the trained workers that will be needed, a new study shows.

November 5, 2012
Business, Logistics

Caterpillar Logistics Changes Name to Neovia

Third-party logistics firm Caterpillar Logistics Services said Thursday it has changed its name to Neovia Logistics Services.

November 2, 2012
Business, Logistics

XPO Buys Turbo Logistics for $50 Million

XPO Logistics said Thursday it has purchased Turbo Logistics, the freight brokerage division of logistics company OHL, for $50 million.

October 25, 2012
Business, Logistics

England Logistics Buys Freight Broker

Third-party logistics provider England Logistics has acquired certain assets of freight broker Kampstra Transportation & Logistics.

October 25, 2012
Business, Logistics

Menlo Awarded Contract Extension from DOD for Outsourcing Military Freight Shipments

The U.S. Transportation Command said it has awarded Menlo Worldwide Logistics a one-year extension on its contract to outsource military freight shipments nationwide.

October 22, 2012
Business, Logistics

XPO Logistics Raises Funds, Says Results to Lag Forecasts

XPO Logistics, which recently completed $125 million in additional financing, said that its third-quarter results will not match analysts’ expectations.

October 4, 2012
Business, Logistics

Universal Buys Logistics Firm for $335 Million

Universal Truckload Services said it has completed the purchase of third-party logistics firm LINC Logistics for $335 million.

October 3, 2012