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Covenant Transportation Group posted record revenue and profits in the third quarter as a strong freight market drove rates higher and the company began to see benefits from its recent acquisition of Landair Holdings.

, Germany — The story of Paul Schockemöhle Logistics is one that many trucking executives in the United States would recognize. The journey traverses five decades from a small farmhouse here to becoming a multinational transportation and logistics powerhouse with a fleet of 600 trucks and revenue of between 100 and 120 million euros a year.

TFI International, one of the largest trucking and logistics companies in the United States and Canada, reported strong growth in revenue and operating profits across all of its business segments in the third quarter.

USA Truck announced the purchase of Davis Transfer Co., a family-owned trucking company based in Carnesville, Ga., for $53 million in cash and stock, a deal that signals the start of a more aggressive growth strategy at USA Truck by the company’s new management team.

Odyssey Logistics & Technology Corp. has agreed to buy U.S.-based freight forwarder AFF Global Logistics for $465 million in cash and equity, the company announced Oct. 18.

Werner Enterprises posted double-digit gains in revenue and profits in the third quarter as demand for the company’s one-way truckload freight hauling services was “stronger than normal” and shippers paid higher rates.

Marten Transport Ltd. reported its best quarterly operating results ever, among the first of what is expected to be a string of bullish financial reports from trucking companies in the third quarter.

Heartland Express Inc. is getting back to its old self. The North Liberty, Iowa-based truckload carrier has been battling to restore its historically rich profit margins after the acquisition of Interstate Distributor Co. in July 2017.

Interest in freight-related startups and technology continues to grow, as evidenced by several recent investment deals as well as a first-of-its-kind Founders Camp whereby representatives from 20 startup firms met with trucking executives and shippers in Chattanooga, Tenn., to exchange ideas for new products and services.

FreightRover, a company launched a year ago by a former top executive at Celadon Group to provide technology to automate vendor payments, has secured a financing facility of up to $500 million from Crayhill Capital Management and other investors to support a new business that will offer trade finance and freight factoring services.