TFI International reported a 60% increase in profits in the final quarter of 2018 from the comparable quarter in 2017, part of the trucking and logistics company鈥檚 record results for the quarter and the full year.
February 28, 2019Search
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Walmart Expands Private Fleet Delivery, Adds New Intermodal Service
Walmart has begun expanding the scope and capabilities of its private fleet, taking over store distribution from dedicated contract carriers at facilities in Maine, Indiana and Ohio, while also adding a new intermodal service using a proprietary container design and company drivers to provide drayage service.
February 27, 2019PepsiCo Buys Wellness-Focused Muscle Milk in New CEO鈥檚 First Move
New PepsiCo Inc. CEO Ramon Laguarta has made his first acquisition, purchasing the maker of sports and wellness products Muscle Milk from Hormel Foods Corp. for an undisclosed amount.
February 20, 2019George Soros Cuts Stake in Agriculture Giant ADM
Billionaire George Soros has cut his holdings in agriculture giant Archer Daniels Midland Co. by more than half as the company contends with sluggish commodity markets amid the U.S.-China trade war.
February 15, 2019Pepsi Soothes Investors With Sales Growth, Plans for Payouts
PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company鈥檚 plans to return about $8 billion to shareholders this year.
February 15, 2019XPO Logistics Reports Disappointing Earnings
XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer 鈥 believed to be Amazon.com.
February 14, 2019FedEx Logistics Announces Headquarters Move
FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.
February 13, 2019U.S. Xpress Enterprises' Efficiency Moves Pay Off
Efforts by dry van truckload carrier U.S. Xpress Enterprises to boost profits by improving the efficiency of its trucking operations are paying off.
February 8, 2019Mullen Group Takes Hit From Downturn in Oil Field Services
Mullen Group reported higher revenue and profits in the fourth quarter of 2018 despite a 鈥渕arket meltdown鈥 caused by falling oil prices that curtailed demand for transportation services as the year ended.
February 7, 2019Werner Enterprises Posts Record Results
Werner Enterprises produced record revenue and higher profits in the fourth quarter of 2018 as a strong economy fueled demand for both its trucking and logistics services.
February 7, 2019