Freight broker and third-party provider Echo Global Logistics reported a net loss of $2.9 million in first quarter 2017, compared with a $0.3 million gain in the same 2016 period, even as revenues grew 3 percent year-over-year to $415.8 million.
Total cross-border trade between the United States, Mexico and Canada grew 2.9 percent in February 2017, the fourth straight month of year-over-year increases, according to the Department of Transportation’s Bureau of Transportation Statistics.
The Phoenix, Ariz.-based truckload carrier and logistics provider, which recently announced a $6 billion merger with competitor Swift Transportation, saw first quarter net income fall 35.4 percent to $14.9 million compared with the same 2016 period.
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DHL Global Forwarding launched a weekly less-than-container load service that offers 9-day port-to-port transits from New York to Cartagena, Colombia.
DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.
Twill, the new digital freight forwarding start-up, will officially be open to new customers from April 10, allowing users to instantly place bookings, manage documentation and track shipments.