logistics

DrayNow, the first real-time marketplace connecting intermodal freight with carriers, has joined the Blockchain in Transport Alliance (BiTA). BiTA is developing best practices and standards for blockchain in the transportation industry. Blockchain is an open, distributed digital ledger that can record and share transactions between two or more parties efficiently, securely and permanently. Blockchain enables […]

Market expert Brian Aoaeh writes about the impact of severe weather on supply chains, and tools to help companies and organizations modify those supply chains when disaster strikes.

The share repurchase in its entirety represents a little more than 7.5 percent of the company’s outstanding common shares.

Air cargo market expert explores the fascinating process of moving livestock – particularly horses – by air.

Prologis and Blackstone Group are both trying to acquire the U.S. warehousing portfolio of GLP.

Pennsylvania-based Penske Logistics announced it is laying off 80 drivers and will close its terminal in Fort Wayne, Indiana, in July.

Tracy Rosser tapped for executive vice president post at transportation management services provider after helping oversee big-box retailer’s transport and supply chain operations.

As the logistics industry continues to plow millions of dollars into digital freight matching
(DFM) technology that pairs shippers and carriers, there is a clear difference of
approach between third-party logistics providers (3PLs) that seek to minimize the “human element” and those that embrace the combination of automation technology and teams of skilled logistics professionals.

Zipline operates autonomous drones across remote areas that are hard to reach by road, airlifting medicines during emergencies.

Market expert Charley Dehoney explores how freight brokers can stay relevant in a rapidly changing environment.

Hub Group rolled out its advanced end-to-end visibility data on May 15 that allows its customers to track loads in real time to help them better plan for a shipment’s arrival.

Haven is introducing a track and trace solution that is both affordable and seamless to integrate within shipping workflows.

Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.

U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net income of $12.5 million for the first quarter, down from the $14.2 million it reported a year earlier. But earnings per share of $0.29 managed […]

Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better year-over-year. Total revenue increased 1 percent year-over-year to $206 million with net revenue climbing 8.5 percent to […]

Growth of developing countries is disrupting trade flow; logistics job openings trump available workers; Starbucks is experimenting with blockchain for coffee supply chain traceability.

Take an antiquated trillion dollar industry, machine learning and artificial intelligence, investors chasing higher yields and a few industrious solutions-oriented individuals and you get an emerging industry – high-growth freight tech. This was the conversation of the High-Growth CEO Panel at Transparency19. John Engstrom, Vice President of Investment Banking Transportation and Logistics at Stifel, moderated […]

Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share compared with the break-even consensus estimate. The asset-right and asset-light logistics service provider’s reported revenue of $507.1 million in the first quarter of 2019 was down 11 percent year-over-year. Its operating loss was $20.8 million compared to a $13.4 million operating loss […]

Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share versus the break-even consensus estimate. The asset-light logistics service provider’s first quarter 2019 loss was much lower than the more than $15 per share loss seen in first quarter 2018, even after a 1-for-25 reverse stock split, which was more than offset […]

The largest flatbed, specialized transportation and logistics solutions company in North America, Daseke, Inc. (NASDAQ: DSKE), reported first quarter 2019 adjusted earnings per share of $0.03, compared to the consensus estimate of a loss of $0.09 per share. Management held a conference call to discuss these results with analysts and the media. On the call, […]