31 Oct XPO Logistics Posts Higher Revenue, Profits in Third Quarter XPO Logistics announced increased revenue and profits in the third quarter and, although the gains were less than what some investment analysts had expected, CEO Bradley Jacobs said the company implemented a record number of new logistics contracts in the quarter. Read more...
31 Oct FTC Requires Marathon to Sell Stores to Avoid Antitrust The Federal Trade Commission is requiring Marathon to sell five New York convenience stores to settle charges that its proposed acquisition of Express Mart would violate federal antitrust laws. Read more...
31 Oct Wabash Posts Mixed Earnings as Backlog Sets Record Trailer maker Wabash National Corp. posted its second-highest revenue ever in the third quarter, but the news wasn’t all good. Read more...
31 Oct Two Investment Firms Acquire Anderson Cargo Services Two private equity investment firms have come together to acquire Anderson Cargo Services, a St. Paul, Minn.-based logistics firm. Read more...
31 Oct Movers Group Supports ATA’s Petition on California’s Meal, Rest Breaks California’s meal-and-rest-break requirements hinder interstate commerce and cause inefficiency industrywide, the American Moving & Storage Association emphasized in a show of support for American Trucking Associations’ petition to federal trucking regulators. Read more...
31 Oct C.H. Robinson Reports Growth in Revenue, Profits in Third Quarter C.H. Robinson Worldwide posted strong growth in revenue and profits in the third quarter, helped by a lower tax rate and increased pricing in a capacity-constrained freight market. Read more...
31 Oct Companies Add More Workers Than Forecast Companies in October added the highest number of workers in eight months to U.S. payrolls, topping estimates and signaling the job market remains solid, according to data released Oct. 31 from the ADP Research Institute in Roseland, N.J. Read more...
31 Oct Canadian Producers Turn to Oil Trucks as Supply Glut Grows Tanker trucks laden with oil are journeying almost 500 miles to pipeline and rail terminals. It’s a phenomenon that Ken Boettcher, president of Three Star Trucking Ltd. in Alida, Saskatchewan, started to see three or four months ago when oil shippers around Kindersley, near the Alberta border, began requesting trucks to move their crude, in some cases, as far south as North Dakota. Read more...
31 Oct FourKites Adds ‘Predictive’ Load Matching Service FourKites, a load tracking firm, is tapping a former UberFreight executive to head up a new service offering predictive capacity management to shippers and carriers. Read more...
31 Oct Lynyrd Skynyrd, Dwight Yoakam Entertain Trucking Execs at MCE AUSTIN, Texas — Legendary Southern rockers Lynyrd Skynyrd closed out American Trucking Associations’ 2018 Management Conference & Exhibition with an energizing performance for trucking industry executives. Read more...