brokerage

TIA officials observed that the drop in margin percent is something that has not previously occurred on the approach to recession.

Austin, Texas-based freight brokerage and transportation management services provider Arrive Logistics said this week it has closed on a $25 million Series B equity financing. This round of financing was led by Lead Edge Capital.

Scottsdale, Ariz.-based GlobalTranz, a full-service 3PL focused on freight brokerage and technology, remains active on the acquisition front, with the company announcing this week it has brought Chicago-based Circle 8 Logistics into the fold.

Fourth quarter revenue, at $4.39 billion, was up 4.6% annually, and net income attributable to common shareholders came in at $84 million compared to $189 for the same period a year ago, including a $173 million net benefit related to U.S. tax reform. Adjusted EBITDA for the quarter rose 11.4% to $380 million, and XPO generated cash flow from operations of $566 million and $479 million in free cash flow. Earnings per share, at $0.72, topped $0.45 a year ago. Full-year 2018 revenue was up 12.3% to $15.38 billion, and organic revenue growth...

Less-than-truckload (LTL) transportation services provider YRC Worldwide said this week it has launched a new entity through the meshing of its LTL network with a freight brokerage and customer-facing transportation management system (TMS).

Seattle-based Convoy, a digital freight technology-enabled network, recently announced it secured $185 million in Series C funding.