°®¶¹´«Ã½

C.H. Robinson Worldwide, in a move to bolster its international freight business, has purchased The Space Cargo Group, a company based in Madrid that provides freight forwarding, customs brokerage and other logistic services in Spain and Colombia, for $48 million in cash.

Universal Logistics Holdings Inc. reported its best quarter ever, marking its eighth consecutive reporting period in which a revenue record was set.

Warehouse operator Americold completed its first year as a public company by reporting solid gains in revenue and higher operating profits in the fourth quarter of 2018.

J.B. Hunt Transport Services completed the purchase of Cory 1st Choice °®¶¹´«Ã½ Delivery on Feb. 15, the Lowell, Ark.-based transportation company and logistics firm announced.

After building a fortune and several businesses by buying company after company, XPO Logistics Inc. CEO Brad Jacobs is abandoning acquisitions, a principal reason many investors bought into the stock.

XPO Logistics Inc. confirmed Feb. 14 that it will close a facility in Memphis, Tenn., where some employees have made allegations of pregnancy discrimination and sexual harassment, and the next day CEO Brad Jacobs said a customer's request prompted the decision.

XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.

Redwood Logistics said it is acquiring Strive Logistics, a move that will create a multimodal freight brokerage firm with more than $1 billion in freight under management.

Logistics company C.H. Robinson announced that Chief Operating Officer Bob Biesterfeld will rise to the post of CEO on May 9 through a planned succession. Biesterfeld will replace John Wiehoff, who has been in the job for 17 years, the company said in a Feb. 11 press release.