transportation

FedEx Corporation (NYSE: FDX) was flying more than 15% higher on Tuesday after the company announced it will raise its quarterly dividend from 75 cents per share to $1.15 per share. The transportation, e-commerce and supplies company headquartered in Memphis, Tennessee, also said it would...

Brokerage carriers such as CH Robinson Worldwide Inc (NASDAQ: CHRW) are poised to benefit from continued strength in contract rates in the first half of 2022 and the subsequent “roll over as fluidity improves in the supply chain,” according to BofA Securities. The CH Robinson...

Uber Technologies Inc (NYSE: UBER) is trading higher today after the company announced its third-quarter financial results. The stock initially traded lower on the report, but has since recovered and is currently trading near one-month highs. What Happened: Uber reported a quarterly adjusted...

While US Xpress Enterprises Inc (NYSE: USX) is expanding its Variant truck segment, it is missing out on “fully participating in the strongest truckload market in a generation,” according to BofA Securities. The US Xpress Enterprises Analyst: Ken Hoexter downgraded the rating for US...

ENERGY Transportation Group has been named one of Canada's Top Growing Companies, according to the recently released annual list from The Globe and Mail.  The Globe and Mail's directory of Canada's Top Growing Companies is a prestigious list that covers everything from fashion to medical testing...

With a goal of building the world’s most connected and intelligent freight platform, Transfix is set to go public with a SPAC deal announced Tuesday. The SPAC Deal: Transfix will go public via a SPAC merger with G Squared Ascend I (NYSE: GSQD). The deal values Transfix at a pro forma...

Intermodal logistics provider RoadOne announced Wednesday it has acquired intermodal transportation provider Rose Transportation. Headquartered near Pittsburgh, Rose Transportation serves rail and port facilities in the East and as far west as Chicago with a staff of more than 200 drivers. The...

Everest Transportation Services has all the main ingredients for producing a disruptive freight brokerage.  In 2015, founders Jake Elperin, Lev Krasnopolskiy, and Philip Weber pulled on their combined decades of experience from Echo Global Logistics, Optimal Freight, and Custom Companies to...

Transportation capacity remains on a downward trajectory while prices and utilization are "increasing at an increasing rate," according to a supply chain survey released Tuesday. The transportation capacity subindex of the Logistics Managers' Index (LMI) increased 560 basis points to 40.5% in...

Global merger and acquisition activity topped $1 trillion in the second quarter of 2021, with the U.S alone topping $500 billion. This was the third quarter in a row that this happened globally and in the U.S. The second quarter started strong with four of the five largest deals announced in the...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Ideanomics’ (NASDAQ: IDEX) subsidiary, WAVE, a leading high-power inductive charging solution provider for medium- and heavy-duty...

With the flood of technology that has hit the logistics market, choosing a tech provider and platform can make or break a company.  So how do you know what technology is right for your business? Blythe Brumleve talks through the challenges of finding a good tech fit on this episode of Cyberly...

Titanium Transportation Group has opened its fourth U.S. freight brokerage office, in Denver, the Canadian trucking and logistics firm said on Thursday as it pushed ahead with an increasingly key source of growth.  "Colorado is an attractive market opportunity," CEO Ted Daniel said in a statement...

To view more FreightWaves infographics, click here. Image by cdz from Pixabay

Third-party logistics provider MoLo Solutions was the top-ranked transportation and logistics company on the 2021 Inc. 5000 list of the fastest-growing privately held firms in the U.S.  The Chicago-based company debuted on the list at No. 41 overall, experiencing revenue growth of 7,597% between...