Lumber roared to a fresh record high May 3, with traders in bidding wars after the Chicago Mercantile Exchange removed limits on how high some futures prices could go.
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TFI International Completes UPS Freight Acquisition
TFI International has completed its previously announced acquisition of UPS Freight, the company said April 30.
May 3, 2021Forward Air Reports $362.2 Million Revenue for Q1
Forward Air Corp. saw revenue and earnings increase during the first quarter of 2021, the company reported April 29.
April 30, 2021Universal Logistics Reports Record Q1 Earnings
Universal Logistics Holdings Inc. reported April 29 record highs for the first quarter of 2021.
April 30, 2021Drone Startup Manna Raises Cash for US Expansion
Manna has raised $25 million to expand its drone fleet’s operations, including the addition of delivery services for prescription medical supplies and an initial expansion into the U.S.
April 30, 2021New Ware2Go Service Helps E-Commerce Merchants With Warehouse Placement
The UPS-founded Ware2Go launched a free application to help e-commerce merchants with strategic fulfillment planning, the company announced April 27.
April 28, 2021Despite Lower Bid, Canadian Pacific Touts Value of KCS Offer
Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.
April 28, 2021Saia Posts Strong Q1 Income, Revenue Gains
Saia Inc. reported large gains in profit and revenue during the first quarter as it overcame weather challenges to take advantage of increasing freight demand.
April 28, 2021C.H. Robinson Posts Big Q1 Gains in Profit, Revenue
C.H. Robinson Worldwide posted large gains in profits and revenue during the first quarter, driven by higher pricing and increasing cargo volume across most of its service lines.
April 28, 2021DSV to Buy Agility’s Logistics Unit for $4.1 Billion
DSV Panalpina A/S agreed to buy Agility Public Warehousing Co.’s Global Integrated Logistics business for $4.1 billion, extending its reach in the air and sea transport industry.
April 27, 2021