J.B. Hunt Transport Services warned late Tuesday that third-quarter earnings could fall 5% to 10% sequentially due to surging fuel and driver-related costs.
Radiant Logistics beat fiscal fourth-quarter expectations due to a solid performance in its international business and a tightening domestic surface transportation market, which is expected to more meaningfully boost results moving forward.
Less-than-truckload carrier FedEx Freight named Mike Rodgers as chief commercial and technology officer, following the recent termination of an executive.
Cass data showed truckload linehaul rates were up sharply year over year in August, with freight volumes finally inflecting positively after 42 months of decline.
Hub Group expects a Nasdaq delisting notice after missing a financial reporting deadline due to an accounting error, but plans to request a hearing to maintain its stock listing.
Spartan Logistics announced it has acquired Allen Logistics, adding 100,000 square feet of space to its asset-based network of over 20 dry storage and food-grade warehouses.
Descartes Systems Group reported another record-breaking quarter as the global trade environment continues to evolve.
Private equity firms have acquired 3PL Navajo Expedited, aiming to enhance its driver-vetting and pricing automation capabilities while pursuing complementary acquisitions.
ArcBest saw a modest acceleration in year-over-year tonnage growth during August as shipment weights surged.
Less-than-truckload carrier XPO remains positioned to hit its third-quarter guidance after releasing its August operating metrics Thursday after the market closed.
August year-over-year tonnage growth accelerated for less-than-truckload carrier Saia, aided by a softer prior-year comparison than in July.
Old Dominion Freight Line’s August update showed an acceleration in yield growth, with volumes closing in on positive territory.
FedEx Freight announced that it has terminated Chief Specialized Services and Commercial Officer Mike Lyons, who was appointed to the role ahead of the company’s spinoff from FedEx Corp.
Broker FitzMark has acquired United Transportation Services, which specializes in third-party logistics for trade shows.
Bankrupt Yellow Corp. has reached a deal to settle outstanding claims from pension funds, bringing an end to a three-year legal battle and clearing the path for creditors and former employees to get paid.
Manufacturing activity remained expansionary for an eighth straight month in August, with a continued slowing in delivery times.
Descartes acquired warehouse management and fulfillment technology provider Extensiv in a $120 million transaction on Tuesday.
Transportation capacity continued to contract in August, but at the slowest rate recorded in six months, while transportation pricing continued to surge, according to a monthly survey of supply chain executives.
Following other recent network investments, less-than-truckload carrier Averitt announced Thursday the opening of a 100,000-square-foot distribution and fulfillment facility in Jackson, Mississippi.
Michigan-based Behnke Dedicated & Logistics has acquired AG Freight for an undisclosed sum, establishing a Southeastern outpost near South Carolina’s Inland Port Greer.