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Todd Maiden on Muck Rack

Todd Maiden

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Richmond
As seen in: FreightWaves, Yahoo Finance, Flipboard, Yahoo, Benzinga, Zero Hedge, Oilprice.com, NewsBreak, American Shipper, Yahoo Tech, Currently and
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Articles

Descartes reports another record-breaking quarter Original

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By Todd Maiden Verified
| FreightWaves Verified
Descartes Systems Group again reported record quarterly results as it continues to see “good demand” amid a global trade landscape that remains in flux. Descartes (NASDAQ: DSGX) reported consolidated revenue of $201 million for its fiscal quarter ended July 31, a 12% year-over-year increase and 1% ahead of the consensus estimate. Services revenue was up 13% y/y to $189 million (organic growth in services revenue was approximately 9%, excluding foreign exchange fluctuations).
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PE firms buy 3PL Navajo Expedited, target other acquisitions

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By Todd Maiden Verified
| Yahoo Finance Verified
Private equity firms Centre Partners and Altivare Capital Partners have acquired 3PL Navajo Expedited. The duo will advance the broker's driver-vetting and pricing automation capabilities while seeking complementary acquisitions. Lakeland, Florida-based Navajo Expedited, was previously part of Navajo Express, a 300-unit over-the-road and dedicated carrier based in Denver. Financial terms of the transaction were not disclosed.
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ArcBest sees August tonnage growth accelerate; raises Q3 asset-light guide

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By Todd Maiden Verified
| Yahoo Finance Verified
APPLE EVENT Transportation and logistics provider ArcBest reiterated the third-quarter margin outlook for its asset-based unit but raised expectations for its asset-light segment Tuesday after the market closed. ArcBest's (NASDAQ: ARCB) asset-based unit, which includes less-than-truckload subsidiary ABF Freight, reported a 9% year-over-year increase in revenue per day for August.
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