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.
Broker FitzMark has acquired United Transportation Services, which specializes in third-party logistics for trade shows.
Broker Landstar System said Tuesday that the truckload market is in the early stages of an upcycle, noting revenue per load is trending well ahead of normal seasonal patterns.
J.B. Hunt Transport Services beat fourth-quarter expectations as cost reductions more than offset a revenue decline.
The Kowalski Freight Brokers Safety Act establishes new federal civil penalties and oversight for brokers who hire motor carriers with existing safety violations.
Truck broker Landstar System disclosed the outcome from a Texas jury trial on Wednesday and outlined other likely charges it faces in the third quarter.
Spot broker Landstar System pointed to some positive signs after the market closed on Tuesday but noted that the truckload market largely remains challenging.
ArcBest announced it has hired former C.H. Robinson brokerage President Mac Pinkerton to lead operations at its asset-light logistics segment.
Private equity firm Cambridge Capital announced it is combining its majority-owned broker Everest Transportation Systems with fellow 3PL Simple Logistics.
Freight broker Landstar System reported a messy first quarter, dragged down by insurance costs, fraud and stolen cargo.
Landstar System missed fourth-quarter consensus on Wednesday and issued first-quarter guidance well shy of expectations.
BlueGrace Logistics has acquired FreightCenter, which significantly expands its less-than-truckload offering.
FMCSA finalized its plan to extend by one year the compliance date for rules meant to protect motor carriers, saying that will ensure the agency will be ready to enforce the changes.
Truck broker Landstar System said Tuesday it expects no material lift in the freight market for the remainder of 2024.
Freight broker Landstar System missed third-quarter expectations Tuesday after the market closed and issued fourth-quarter guidance that was also light of consensus.
RXO announced Monday that it has completed the acquisition of freight broker Coyote Logistics.
Freight broker Landstar System shared some signs of market stabilization with analysts on a Tuesday call but said it’s still too soon to say the market has turned.
Transfix is selling its brokerage business to supply chain services provider NFI.
Broker Landstar System’s first quarter showed the year-over-year declines are lessening while the trucking industry awaits an inflection to a prolonged freight recession.
