Daseke Inc. reported March 9 that fourth-quarter revenue increased to $447 million from $257.2 million in the same period last year. The flatbed and specialized carrier said it represents the fifth consecutive quarter that year-over-year revenue growth has exceeded 70%.
March 12, 2019Search
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XPO Logistics Terminates COO Ken Wagers
XPO Logistics Inc. has terminated Chief Operating Officer Ken Wagers, a high-profile executive hired away from Amazon.com less than a year ago, according to an XPO filing with the Securities and Exchange Commission on March 11.
March 11, 2019Lack of Drivers, Demand Driving Prices Up
Household goods are getting pricier because the costs of moving those goods — from trucking to even maritime shipping — have been rising.
March 11, 2019Tesla to Raise Prices, Close Fewer Stores Than Announced
Tesla Inc. plans to raise average vehicle prices by about 3% globally after it decided to shut down fewer stores than it previously announced.
March 11, 2019States Step In to Fund Roads After Trump’s Plans Stall
Governors in at least 11 states, including Michigan, Ohio and Connecticut, are pushing for new taxes, bond sales and tolls to raise money for long-needed work on roads, bridges and transit systems after President Donald Trump failed to enact a major infrastructure plan.
March 11, 2019Fighting Fakes Was a Big Reason Behind Amazon’s Big Vendor Purge
Amazon.com on March 9 hinted that fighting counterfeits was a reason for its sudden and unexplained purge of thousands of vendors that sowed panic among longtime suppliers.
March 11, 2019Ceva to Manage Ikea Distribution Center in New York
Ceva Logistics has opened a customer distribution center with home-furnishings retailer Ikea in Staten Island, N.Y., according to a news release.
March 11, 2019Tennessee Panel OKs $10 Million for FedEx Project in Memphis
NASHVILLE, Tenn. — A Tennessee panel has approved a $10 million economic development grant to establish the FedEx Logistics headquarters in downtown Memphis.
March 11, 2019Pelosi Says Trump Willing to Work With Dems on Infrastructure
House Speaker Nancy Pelosi said President Donald Trump “assured” her that they could work together on two bipartisan priorities: increasing infrastructure spending and reining in drug prices.
March 8, 2019WiseTech Global Acquires Singapore Firm Containerchain
WiseTech Global, a logistics company based in Sydney, has acquired Containerchain, a container logistics provider that does business in Asia, Europe and the United States, according to a WiseTech news release.
March 8, 2019