Contract logistics company GXO (NYSE:GXO) reported Q4 CY2024 results topping the market’s revenue expectations , with sales up 25.5% year on year to $3.25 billion. Its non-GAAP profit of $1 per share ...

Contract logistics company GXO (NYSE:GXO) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 15.9% year on year to $3.30 billion. Guidance for next quarter’s revenue was better than ...

[Stay on top of transportation news: Get TTNews in your inbox.] XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with ...

Concerns about an economic downturn and sluggish domestic consumption have not deterred major logistics companies from estimating good performance last year. The poor performance of the express ...

36th Annual State of Logistics Report: Navigating uncertainty amid rising costs and global disruptions The 36th Annual State of Logistics (SoL) Report highlights a logistics market tested by economic ...

Platinum Equity has acquired a majority interest in Caterpillar Logistics Services. Caterpillar will retain a 35 percent equity stake in the business. The transaction is valued at approximately $750 ...

Growthgate Capital, the Gulf-based investment firm announced today that it has exited from its investment in Able Logistics Group (Able) by selling its 70 percent equity stake therein to Kerry Freight ...

Maersk (OTCPK:AMKBY) CEO Vincent Clerc said the shipping and logistics company won't be participating in the GXO Logistics (NYSE:GXO) sales process. GXO fell 2%. Clerc made the comments on A.P. Moller ...

Several logistics companies are seeking buyers, a sign that stagnant shipping demand is driving a new wave of consolidation in the industry. Philadelphia-based logistics firm BDP International Inc.

Kimberlee Leonard has 22 years of experience as a freelance writer. Her work has been featured on US News and World Report, Business.com and Fit Small Business. She brings practical experience as a ...