October 28, 2016 - Industry News
Longtime employees of TransForce’s new acquisition in Joplin, Mo., are proudly digging out their old CFI shirts, as the company founded in 1951 as Contract Freighters Inc. goes back to its roots and its name under its new ownership.
Tags: Mergers & Acquisitions, TransForce, XPO Logistics, CFI
October 27, 2016 - Industry News
XPO Logistics Inc. (NYSE: XPO) announced Thursday that it has sold its truckload business to Canada's growing trucking concern TransForce Inc. (TSX: TFI) for approximately $558 million in cash.
Tags: Con-way Truckload, Mergers & Acquisitions, TransForce, XPO Logistics
August 3, 2016 - Industry News
Two trucking operations reported their second-quarter financials on Wednesday, with one reporting its first profit since purchasing LTL carrier Con-way last year, while the other reported a loss that was attributed to falling rates and freight volume.
Tags: Economy, USA Truck, Con-way Inc., XPO Logistics, Fleet Earnings
June 15, 2016 - Industry News
Big mergers and acquisitions deals changed the third-party logistics market in 2016, with XPO Logistics leading the way with $100 million worth of deals.
Tags: Amazon.com, Trend Analysis, 3PL, Logistics, Mergers & Acquisitions, XPO Logistics
May 5, 2016 - Industry News
Loose capacity and a sluggish economy in the first quarter helped drive down earnings for Roadrunner, XPO and USA Truck.
Tags: Roadrunner Transportation, USA Truck, XPO Logistics, Fleet Earnings
February 24, 2016 - Industry News
Despite greatly increased revenue in the final quarter of last year and for all of 2015, the fleet that purchased Con-way last year reported bigger losses.
Tags: Economy, Con-Way, XPO Logistics, Fleet Earnings
February 8, 2016 - Industry News
XPO Logistics Freight is suing rival less-than-truckload carrier YRC Freight for allegedly hiring employees from the company in order to obtain important trade secrets.
Tags: Lawsuits, YRC Freight, XPO Logistics
January 29, 2016 - Industry News
XPO Logistics has eliminated about 190 non-sales positions in its less-than-truckload business, which it acquired when the company bought Con-way Inc. last year.
Tags: Layoffs, LTL, Con-way Inc., XPO Logistics
November 9, 2015 - Industry News
XPO Logistics has appointed Tony Brooks as president of its less-than-truckload business, effective Nov. 11.
Tags: Leadership, LTL, People, Con-Way, XPO Logistics
November 4, 2015 - Industry News
XPO Logistics, which closed this week on its purchase of Con-Way Inc., reported more revenue but a bigger loss in its third-quarter earnings report, while the mainly truckload fleet USA Truck showed a smaller profit.
September 9, 2015 - Industry News
XPO Logistics announced late Wednesday that it is buying Con-way Inc. in a $3 billion deal that will make XPO the second largest LTL provider in North America and expand its global contract logistics platform.
Tags: 3PL, LTL, Mergers & Acquisitions, Con-way Inc., XPO Logistics
August 10, 2015 - Industry News
Two varied freight transportation and logistics providers recently reported second quarter earnings, with one showing a big leap in business following two purchases while the other moved into the red, but only slightly.
Tags: Economy, XPO Logistics, Echo Global Logistics, Fleet Earnings
May 4, 2015 - Industry News
Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.
Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport
February 18, 2015 - Industry News
XPO Logistics released financial numbers on Wednesday showing a net loss of $9.9 million for the fourth quarter of 2014, compared with a net loss of $10.6 million for the same period in 2013.
Tags: Earnings, XPO Logistics
February 10, 2015 - Industry News
XPO Logistics Inc. announced it has acquired UX Specialized Logistics, a North American provider of last mile logistics services for major retail chains and e-commerce companies.
Tags: Mergers & Acquisitions, XPO Logistics
September 15, 2014 - Industry News
PSP Investments, along with GIC and Ontario Teachers' Pension Plan will invest a total of $700 million.
Tags: XPO Logistics
July 29, 2014 - Industry News
XPO Logistics posted a smaller net loss in the second quarter of the year compared to a year ago, while announcing an acquisition along with the completion of an earlier purchase.
Tags: Logistics, Mergers & Acquisitions, XPO Logistics
February 24, 2014 - Industry News
The Connecticut-based operation reported total revenue skyrocketed to $702.3 million in 2013 from $278.6 million in 2012, but it losses jumped to $48.5 million from $20.3 million during the same time
February 3, 2014 - Industry News
XPO Logistics has announced the pricing of public offering of 15 million shares of its common stock at a price of $25 per share and has granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares.
Tags: XPO Logistics, Pacer International
January 27, 2014 - Industry News
XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.
Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Pacer International
January 6, 2014 - Industry News
Trucking and related services provider, XPO Logistics, has entered into an agreement to acquire Pacer Internation, the third largest provider of intermodal transportation services in North America.
Tags: Intermodal, Mergers & Acquisitions, XPO Logistics, Pacer International, Drivers, Cross-Border Trucking
December 30, 2013 - Industry News
XPO Logistics Inc. announced that it has completed its previously announced acquisition of NLM from Landstar System Inc. The company funded the $87 million cash transaction through its ABL facility and available cash, including approximately $13.4 million of cash acquired on closing.
Tags: Landstar, Mergers & Acquisitions, XPO Logistics
November 5, 2013 - Industry News
XPO Logistics, which provides freight brokerage, expedited transportation and logistics services, has announced financial results for the third quarter showing total revenue was $194 million, a 173.3% increase from the same period in 2012.
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