Prologis announced it is acquiring European warehouse operator Segro for $18.8 billion.
The transportation market remained very tight in July, despite a modest slowdown from a seasonally stronger June.
July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.
Truckload carrier Heartland Express returned to profitability in the second quarter, driven by gains from equipment sales.
Truckload carrier Schneider National raised its full-year earnings outlook by 18% after easily beating second-quarter expectations.
Shares of less-than-truckload carrier Saia fell on Thursday as a weaker-than-expected third-quarter margin outlook overshadowed a second-quarter report that surpassed expectations.
Less-than-truckload carrier XPO is seeing the fruits from several initiatives focused on improving freight selection, raising yields and streamlining workflows.
ArcBest’s second quarter highlighted improvements in operations across its business units.
Landstar System said the truck brokerage market has begun to reshape in the wake of the Supreme Court’s broker liability ruling.
Tenants are signing longer leases for larger industrial properties, a sign of “increased confidence,” according to CBRE Group.
Refrigerated carrier Marten Transport said a significantly tighter capacity environment is allowing it to improve freight selection and push rates higher.
Knight-Swift Transportation said the rapid improvements in truckload fundamentals that occurred in the second quarter will likely accelerate starting in September and continue throughout peak season.
Knight-Swift Transportation noted considerable acceleration in truckload fundamentals during the second quarter.
Segro’s board has agreed to back the acquisition after Prologis made a final increase to its takeover bid.
Following a co-design with J.B. Hunt Transport Services, Overroute publicly debuted its AI-native freight execution platform for enterprise carriers on Tuesday.
Forward Air announced Tuesday that it will keep at least half of an account representing 10% of its annual revenue.
Logistics real estate operator Prologis said Monday that its enhanced third pass at London-based peer Segro was rejected.
Freight shipments softened in June but truckload rates continued to step higher year over year, according to a monthly report from Cass Information Systems.
Transportation and logistics provider ArcBest announced it is cutting 2% of its workforce and closing 10 less-than-truckload terminals.
Logistics warehouse operator Prologis said leasing activity was at an all-time high during the second quarter.
Logistics warehouse operator Prologis reported record leasing activity in the second quarter.
As shippers migrate toward high-quality transportation providers, J.B. Hunt Transport Services comfortably surpassed expectations for the second quarter.
J.B. Hunt Transport Services blew past analysts’ second-quarter forecasts on Wednesday, sending shares up 9% in after-hours trading.
Trucking rate indexes jumped during the second quarter and are expected to reach new highs in the third quarter.
Knight-Swift Transportation’s less-than-truckload unit, AAA Cooper, has opened four new locations in recent weeks.
Trucking analysts are raising estimates ahead of the second-quarter earnings season, which begins next week.
STG Logistics’ exit from Chapter 11 comes at an opportune time.
Argosy Private Equity announced that it acquired a controlling interest in third-party logistics provider K&L Freight Management.
Less-than-truckload carrier Mountain Valley Express confirmed that is has ceased operations.
Tightness across the freight market eased only slightly in June.
Descartes announced Monday that it has acquired Santiago, Chile-based last-mile solutions provider Drivin for $30 million.
Advisory firm Tenney Group said transportation M&A activity is heating up and that next year could set a record for deal flow.
Ruan announced it has rolled out an end-to-end customs brokerage service.
Manufacturing activity grew for a sixth straight month in June, providing another tailwind to an already supply-constrained trucking market.
Prologis stepped up its efforts to buy fellow logistics warehouse operator Segro on Tuesday.
A U.S. District Court ruled Monday that Yellow Corp. is not required to compensate Teamster employees for delayed layoff notices during its 2023 shutdown.
Schneider National announced additional leadership changes and promotions on Monday as part of a previously announced succession plan.
RBW Logistics has acquired World Group’s warehousing business for an undisclosed amount.
The average transportation and logistics deal size is growing as buyers seek hard-to-replicate technology solutions.
Some fleets are implementing pay raises for drivers early in the truckload market’s recovery.
Cass data released Monday pointed to the likelihood of a second-half volume recovery as truckload linehaul rates surged again in May.
Some shippers are being forced to reprice their entire book as contractual truckload rates set just a couple of months ago are no longer being honored.
Truckload carriers appearing at an investor conference this week laid out the thesis for a sustained period of rate recovery.
Amazon’s less-than-truckload business is unlikely to resemble that of the century-old legacy carriers.
Samsara has settled a trade secret dispute with a former employee who left to join competitor Motive.
Freight broker Fura announced that it has added another 3PL on its journey to roll up the space through automation.
ArcBest announced Monday a 5.9% general rate increase for less-than-truckload services, which is about six weeks ahead of the timing of its 2025 rate bump.
Samsara raised its full-year outlook as it inks new contracts with customers active in the buildout of data centers and public infrastructure.
ArcBest raised operating income expectations for both of its business units.
Knight-Swift Transportation announced the retirement of co-founder and executive chairman Kevin Knight.
Descartes reported better-than-expected results in its latest quarter as customers use its tools to navigate a changing trade landscape.
Less-than-truckload carrier XPO seems set to exceed its second-quarter tonnage projection based on the company’s May update.
Bridge Investment Group announced it raised nearly $1.4 billion for a fund that will acquire logistics properties.
Old Dominion Freight Line’s May operating results saw a meaningful improvement from April, as less-than-truckload demand appears to be firming.
Open Road Ventures announced it has acquired intermodal freight broker Double-Stack Logistics.
Saia is poised for significant tonnage increases as its prior-year comparisons ease and demand appears to be firming.
Transportation prices surged throughout May, according to a monthly poll of supply chain executives, as available capacity remained on the decline.
The nation’s largest less-than-truckload carrier, FedEx Freight, began trading as a standalone company on Monday.
Hub Group announced that its chief financial officer and chief operating officer have departed as it works to restate financial results following an accounting error.
Temperature-controlled warehouse operator Americold announced a new expense-reduction initiative.
After nearly three years of waiting, former Yellow Corp. employees could finally receive payment for unused vacation and accrued sick leave.
ArcBest announced the launch of ArcBest View, a digital platform allowing logistics customers to manage all shipments and shipment functions through a single interface.
Prologis Ventures will co-anchor a $200 million venture fund dedicated to maritime and logistics innovation investments.
Less-than-truckload carrier Saia adds to its national footprint, opening new service centers in Washington and Indiana.
Industry participants say asset-based carriers are likely the winners following the Supreme Court’s landmark ruling on freight broker liability.
Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.
A federal bankruptcy court in New Jersey has approved STG Logistics’ reorganization plan.
Supply constraints are pushing truckload rates to cycle highs, according to data from Cass Information Systems.
Executives at J.B. Hunt Transport Services said at an investor conference this week that truckload rates are likely to increase 20% over the next two years as carriers restore margins.
The board at FedEx has formally greenlit the spinoff of its freight division.
Hub Group said Tuesday that the scope of a previously identified accounting error has necessitated the restatement of financial results for additional periods.
Third-party logistics provider Radiant Logistics beat quarterly expectations on Monday.
Forward Air’s stock was off more than 40% on Friday after it said it may lose a large customer and that a take-private bid for its entire enterprise had failed to materialize.
Shippeo announced that it has acquired German supply chain automation company Logward for an undisclosed sum.
Temperature-controlled facility operator Lineage said the market is stabilizing as customer food inventories return to normal levels.
Extreme supply and pricing dynamics persisted across the freight market in April, according to a monthly survey of supply chain managers.
Pamt Corp.’s first-quarter real estate gain helped offset a loss in its core truckload operation.
Schneider National said price renewals are currently at the highest levels since 2021 and that it expects to capture mid- to high-single-digit increases on one-way contracts this year.
Schneider National beat first-quarter expectations and reiterated its full-year earnings outlook.
Self-help initiatives at XPO are being met with better demand, pushing the less-than-truckload carrier’s financial results meaningfully higher.
Less-than-truckload carrier Saia’s margins appear to be turning the corner following a multiyear expansion.
XPO saw improving trends in its less-than-truckload unit during the first quarter, with margin improvement outpacing normal seasonal patterns.
Old Dominion Freight Line said the less-than-truckload demand picture is improving.
Old Dominion Freight Line exceeded first-quarter estimates, noting freight demand improved as the quarter progressed.
Broker Landstar System said Tuesday that the truckload market is in the early stages of an upcycle, noting revenue per load is trending well ahead of normal seasonal patterns.
ArcBest is seeing some positive signs as carriers gain the upper hand in negotiations.
ArcBest beat first-quarter expectations Tuesday before the market opened.
Intermodal marketing company STG Logistics said Monday it plans to soon exit bankruptcy.
Descartes Systems Group acquired driver performance management platform Idelic for $28 million.
Truckload carrier Heartland Express sees improving market fundamentals as a financial tailwind in the back half of this year.
Knight-Swift Transportation said the truckload market has fundamentally shifted with little help from demand.
Knight-Swift Transportation upped its rate expectations for bid season.
Werner Enterprises announced it is deploying more intermodal assets into Mexico.
DQS Solutions & Staffing announced it has acquired Comprehensive Logistics, Inc., further expanding its transportation and logistics platform.
Fastfrate Group announced it has completed its acquisition of international freight forwarder Omnitrans, Inc.
Warehouse operator Prologis said customer leasing intentions are undeterred as energy prices rise and interest rates remain elevated.
Knight-Swift Transportation lowered its first-quarter outlook, citing headwinds from several nonrecurring items during the period.
Management at J.B. Hunt Transport Services pointed to mounting evidence that recent tightening across the truckload market will not be a temporary blip.
Warehouse operator Prologis reported record lease signings in its logistics business during the first quarter.
J.B. Hunt Transport Services beat first-quarter expectations, reporting record volumes in its intermodal segment.