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XPO Shareholders Vote Down Teamster Plan to Split CEO, Chairman Roles

A union proposal to separate the CEO and chairman positions at XPO Logistics Inc. was defeated in a May 15 vote by the company’s shareholders, who instead extended the chairmanship of XPO’s current leader.

May 21, 2019

Penske Joins Autonomous Vehicle Coalition PAVE

Penske Truck Leasing has joined Partners for Automated Vehicle Education, a coalition of industry leaders that seeks to educate and assure the public about automated vehicles, according to a news release from the two organizations.

May 14, 2019

Americold Reports Revenue Rises 0.5% to $393.1 Million in 1Q

Americold Realty Trust, one of the world’s largest companies focused on temperature-controlled warehouses, on May 7 reported revenue rose in the first quarter ending March 31.

May 9, 2019

C.H. Robinson Beats Wall Street Expectations With 1Q Earnings

Freight broker and produce distributor C.H. Robinson Worldwide beat Wall Street profit expectations, even as it saw first-quarter total revenue decline 4.4% to $3.75 billion compared with $3.92 billion in the first quarter of 2018.

May 1, 2019

Americold Agrees to Acquire Cloverleaf Cold Storage

Americold Logistics has agreed to buy Cloverleaf Cold Storage for $1.24 billion, a move that ramps up a trend toward consolidation in the refrigerated warehousing sector.

April 16, 2019

Cynosure Invests in Visible Supply Chain Management

Visible Supply Chain Management has received an unspecified equity investment in its business from The Cynosure Group, an investment firm controlled by the Eccles family in Salt Lake City, according to a statement released April 3.

April 4, 2019

XPO Logistics to Launch Enhanced Last-Mile Capabilities Online

XPO Logistics Inc. will launch expanded last-mile capabilities on its XPO Connect digital freight marketplace, company officials said.

April 4, 2019

Investment Firm Regains Ownership of GlobalTranz

GlobalTranz Enterprises has struck a deal with Providence Equity Partners to acquire the business from The Jordan Co. in a move designed to provide additional financial support for the company’s aggressive growth strategy.

April 4, 2019

About Us: Transport Topics' Top 50 Logistics Companies

The Transport Topics’ Top 50 Logistics Companies is a listing of the largest logistics companies in North America.

April 8, 2019

How Consolidation and Freight Networks Are Disrupting the Logistics Landscape

Logistics companies are employing new business strategies to adapt to an ever-changing market.

April 8, 2019