Echo Global Logistics Reports Record Third Quarter Results; Revenue up 40% and Net Revenue up 50% Year Over Year

CHICAGO, IL--(Oct 28, 2015) -  Echo Global Logistics, Inc. (NASDAQ: ECHO) ("Echo" or the "Company"), a leading provider of technology-enabled transportation management services, reported today financial results for the quarter ended September 30, 2015.

"Echo delivered record results in the third quarter in terms of top line revenue and earnings," said Doug Waggoner, Chairman and Chief Executive Officer of Echo. "In a soft market with relatively loose truckload capacity, Echo was able to continue to expand its net revenue margin and continue to win market share by focusing on the service our people provide to our clients and our carriers, all while continuing to focus on the successful integration of our acquisition of Command Transportation."

Published: 29 October 2015
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UTi Announces Agreement to be Acquired by DSV in Transaction Valued at $1.35 Billion

Transaction Price Represents Substantial Premium for UTi's Ordinary Shareholders and a Strong Value Proposition for Clients

LONG BEACH, Calif., Oct. 9, 2015  -- UTi Worldwide Inc. (UTIW) ("UTi," "the Company"), a global supply chain services and solutions provider, today announced it has entered into a definitive agreement to be acquired by DSV for $7.10 in cash per ordinary share. This represents a 34% premium over the 30-day volume weighted average trading price for the ordinary shares and a 50% premium relative to UTi's closing trading price on October 8, 2015. The transaction, which was unanimously approved by both UTi and DSV's Boards of Directors, is valued at approximately $1.35 billion.

Published: 09 October 2015
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YRC Worldwide Reports 2015 Second Quarter Earnings

YRCW Reports $120.3 Million Increase in LTM Adjusted EBITDA to $326.8 Million; Highest in Seven Years

OVERLAND PARK, Kan., July 30, 2015 -- YRC Worldwide Inc. (YRCW) today reported financial results for the second quarter of 2015.

Consolidated operating revenue for the second quarter of 2015 was $1.258 billion with consolidated operating income reported at $56.9 million, which included a $0.7 million gain on asset disposals. As a comparison, the company reported consolidated operating revenue of $1.318 billion for the second quarter of 2014 with consolidated operating income of $20.0 million, which included a $6.5 million gain on asset disposals.

Published: 31 July 2015
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Quality Distribution Agrees to be Acquired by Funds Advised by Apax Partners for $16.00 Per Share in All Cash

Transaction Delivers Significant Value to Quality Distribution Shareholders and Provides Quality Distribution With Financial Flexibility for Continued Growth

TAMPA, Fla. and NEW YORK, May 6, 2015  -- Quality Distribution, Inc. (QLTY) ("Quality Distribution" or the "Company"), a North American logistics and transportation provider with market leading businesses, today announced that it has entered into a definitive agreement to be acquired by funds advised by Apax Partners ("Apax"), a global private equity firm, for approximately $800 million, including the assumption of debt, or $16.00 per share in cash. The transaction price represents a premium of approximately 63% over Quality Distribution's closing share price on May 6, 2015. Quality Distribution believes that the transaction provides its shareholders with an attractive premium that delivers immediate compelling value for their shares. The definitive agreement was unanimously approved by Quality Distribution's Board of Directors, which recommended that Quality Distribution's shareholders approve the agreement.

Published: 07 May 2015
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Golar commences negotiations for the Company's third GoFLNG vessel

HAMILTON, Bermuda, May 5, 2015  -- Golar LNG ("Golar") announced today that it has commenced discussions with partners Keppel and Black & Veatch aimed at exercising an option, under an existing framework agreement, for the ordering of a third GoFLNG unit similar to the Hilli and the Gimi.

The specific objective of these discussions will be to mature the option to deliver a third unit for start-up in 2018 i.e. between the target on-stream dates of 2017 and 2019 for the first two units destined respectively for Cameroon and Equatorial Guinea.

This initiative flows from significant interest being stimulated today by Golar's new approach to developing FLNG projects. The company continues to evolve its opportunity funnel and has identified a number of possible leads for deploying facilities similar to Hilli and Gimi, for the commercialisation of high quality, stranded gas accumulations in relatively benign met-ocean conditions. Work continues to mature these leads, although these remain subject to business development uncertainty.

Published: 05 May 2015
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  3. Echo Global Logistics Inc ( ECHO )
  4. Seanergy Maritime Holdings Corp ( SHIP )
  5. YRC Worldwide Inc ( YRCW )