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 […]
May 2020
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
Article written by Georgia Wilson Coyote Logistics, UPS, Blue Yonder and EY discuss the digital evolution and changing expectations of 3PL services. Third party logistics (3PL), defines a service which encompases a wide range of tailored services often to a specific industry, company, or multi user in order to reduce costs. It also refers to
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.
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
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
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,
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
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
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.