contract logistics

Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.

Universal Logistics saw improvement across all of its asset-light segments during the first quarter. Its updated guidance may prove conservative.

Contract logistics giant GXO announced Monday it has officially made a bid for Clipper Logistics.

Contract logistics giant GXO sees numerous growth opportunities for years to come.

Universal Logistics inks a record year despite challenges. Implied 2022 earnings guidance surprises to the upside by 20%.

The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.

The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.

The latest example of an ocean carrier expanding into the logistics space involves MSC trying to buy a piece of Bolloré Logistics.

Air and ocean asset-light logistics provider STG has acquired International Warehouse Services.

Universal Logistics misses third-quarter expectations and said it will look to its customers to address wage inflation and accessorial charges at the ports.

Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.

The coronavirus’ whipsaw effect on the global supply chain took a toll on Kuehne + Nagel during the first half of 2020, but without a rapid internal response the hit would have been far worse, CEO Detlef Trefzger says.

French 3PL FM Logistic reports strong organic growth in its recent fiscal year as European expansion progresses. The company didn’t issue annual guidance due to COVID-19 uncertainty.

Global freight forwarder attributes most of the 23.2% year-over-year first-quarter earnings drop to impact of COVID-19 pandemic .

“We expect that more shippers will shift from just-in-time supply chains to just-in-case supply chains,” U.S. CEO Mark McCullough said.

A C-suite and board are shuffled, and a commercial operations director and Europe manager are hired.

Citing a deterioration in market conditions, XPO announces that it is no longer looking to spin-off its separate business units.

XPO announces deal to buy the majority of Kuehne + Nagel’s U.K. contract logistics segment. The deal comes shortly after XPO announced plans to divest units.

France-based contract logistics provider ID Logistics Group SA gains access to a U.S. e-commerce platform in its acquisition of Jagged Peak.

Ceva Logistics posts weak first-half results, pressured by economic weakness, subpar airfreight volumes and loss of big ocean contract

XPO to roll out suite of I.T. improvements for LTL unit.