May 2020

2020 Essential Financial and Operating Information for the 50 Largest Logistics Companies in North America

Rank Company Net Revenue (Millions) Gross Revenue (Millions) Types of Freight 1 C.H. Robinson Worldwide $1,797.4 $11,283.7 air/expedited, rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank 2 Total Quality Logistics $687.0 $3,394.0 rail intermodal, LTL, dry van truckload, refrigerated, flatbed/heavy haul, bulk/tank 3 XPO Logistics $485.0 $2,500.0 air/expedited, rail intermodal, LTL, dry van […]

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Omnitracs Acquires VisTracks, Accelerates Innovation of Omnitracs One Platform and Expansion into SMB Market

Acquisition Fast-Tracks Platform Growth and Extends Partner Network DALLAS–(BUSINESS WIRE)–Omnitracs, LLC, the global pioneer of fleet management solutions to transportation and logistics companies, today announced the acquisition of VisTracks, a leading provider of device-agnostic, SaaS-based compliance solutions to the transportation and logistics industry. This acquisition builds on the Omnitracs One platform vision and further enhances the

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Essex Investment Management Co. LLC Makes New Investment in PowerFleet (NASDAQ:PWFL)

Article written by Joseph McCarthy Essex Investment Management Co. LLC purchased a new position in shares of PowerFleet (NASDAQ:PWFL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 230,000 shares of the company’s stock, valued at approximately $796,000. Essex Investment Management Co.

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Trucker Tools and SecurSpace to help drivers find more overnight parking

Article written by Josh Fisher Trucker Tools will integrate SecurSpace’s network of industrial parking options into its platform and mobile driver app, adding 1,000 new locations for overnight and extended commercial truck parking across the country. There’s a lot of space for trucks to park that isn’t traditional. Trucker Tools is teaming up with SecurSpace

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J.B. Hunt Transport Services, Inc. Announces Participation in Three Upcoming Investor Conferences

LOWELL, Ark.–(BUSINESS WIRE)–J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) today announced the company will present at the following virtual conferences: Bank of America Securities 2020 Transportation and Industrials Conference, May 12, 2020 13th Annual Wolfe Research Global Transportation & Industrials Conference, May 19, 2020 KeyBanc Capital Markets’ Industrials & Basic Materials Conference, May 27, 2020 Conference

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Pricing transparency eases marketplace friction, says Uber Freight’s Bill Driegert

Article written by Noi Mahoney The Uberization of freight involves reliability, flexibility and transparency, Uber Freight officials said. Every second counts in the freight industry, especially during a pandemic, said Bill Driegert, Uber Freight co-founder and head of operations. Driegert said when freight volumes were spiking in late March because consumers were hoarding supermarket staples,

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Uber Freight’s bookings climb, but an earnings benchmark slides

Article written by John Kingston Uber Freight’s gross bookings rose 55% in the first quarter, but its earnings before interest, taxes, depreciation and amortization, already negative last year, sank even further. EBITDA for the Freight segment came in at negative $64 million, down from negative $29 million last year. In an earnings statement that offered

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Transportation Analytics Helped a Transportation and Logistics Service Provider to Improve Profit Margins by 3%

Get in touch with Quantzig’s analytics experts for comprehensive insights LONDON–(BUSINESS WIRE)–Quantzig, a global data analytics and advisory firm, that delivers actionable analytics solutions to resolve complex business problems has announced the completion of its recent engagement which examines the role of transportation analytics in the transportation and logistics industry. This success story offers comprehensive insights

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New Dashboard Monitors the Commercial Transportation Industry’s Road to COVID-19 Recovery

TORONTO–(BUSINESS WIRE)–Geotab, a global leader in IoT and connected transportation, today announced the launch of its Commercial Transportation Recovery Dashboard. Leveraging aggregated and anonymized data processed from more than 2 million Geotab connected vehicles globally, the dashboard helps to depict the current state of COVID-19 recovery and helps visualize impact on commercial transportation and trade activity.

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