-
United Airlines Names Kirby's Successor As President
Tuesday, May 12, 2020 - 12:08pm | 484Read More...United Airlines (NASDAQ: UAL) has named Brett Hart as president, effective May 20. Hart, who joined United in 2010, is the airline's executive vice president and chief administration officer. The promotion is part of the airline's leadership succession plan announced in early December in which...
-
Radiant Logistics Slows Pipeline For Acquisitions
Tuesday, May 12, 2020 - 12:02pm | 679Read More...Radiant Logistics Inc (NYSE: RGLT), the acquisitive West Coast company, is dialing back its merger and acquisition efforts. Regarding the company's third-quarter earnings — its fiscal year begins July 1 — Bohn Crain, Founder, and CEO said in a release that Radiant came into the quarter with a plan...
-
Bulkmatic To Add Capacity, Customers With Acquisition Of Paris Transport
Wednesday, March 18, 2020 - 9:58am | 385Read More...Liquid and dry bulk hauler Bulkmatic Transport of Griffith, Indiana, announced Tuesday it had acquired Illinois-based Paris Transport Inc. to add capacity and improve service to its customers. Family-owned Bulkmatic, founded in 1965, has nearly 530 drivers and a fleet of approximately 600 power...
-
Nuvocargo Acquires Oncarriage To Gain Key Government Licenses
Thursday, March 12, 2020 - 9:40am | 760Read More...Cross-border freight forwarder Nuvocargo announced it has acquired Oncarriage, an Atlanta-based customs broker and third-party logistics provider. The acquisition gives Nuvocargo access to several key government licenses in the United States — including a customs broker license that normally takes...
-
BlueGrace Logistics Acquires Freight Brokerage Anthym
Monday, March 9, 2020 - 4:02pm | 500Read More...BlueGrace Logistics announced Monday afternoon that it had acquired Anthym Logistics, a freight brokerage with primary offices in Tampa, Florida, and Chicago. Anthym Logistics was formed in the fall of 2019 when Eddie Leshin, a veteran of American Backhaulers and Coyote Logistics, returned to the...
-
XPO To Acquire Kuehne + Nagel's UK Contract Logistics Unit
Monday, March 9, 2020 - 4:00pm | 613Read More...Less than two months after announcing plans to divest potentially all of its operating segments, except for its less-than-truckload (LTL) offering, XPO Logistics, Inc. (NYSE: XPO) announced that an acquisition is in the works. In a March 9 press release, the company announced that it has entered...
-
SaaS Capital Announces 3Gtms Has Acquired Portfolio Company Pacejet
Thursday, March 5, 2020 - 9:44am | 312Read More...SaaS Capital, a provider of growth-oriented capital for B2B SaaS companies, announced that one of its portfolio companies, Pacejet, has been acquired by 3Gtms. Pacejet is a cloud-based shipping software provider. The company's software is designed to automate the shipping process and procure the...
-
Navistar Studying TRATON Buyout Offer But Keeping Mum
Wednesday, March 4, 2020 - 4:26pm | 1118Read More...TRATON Group's bid for Navistar International Corp. (NYSE: NAV) — the elephant in the room — got only perfunctory responses on Navistar's earnings call with analysts Wednesday. Executives instead unpacked some of the reasons why the truck maker lost money in the first fiscal quarter. For starters...
-
TFI Buys Courier Services Business As It Polishes US Logistics "Diamond"
Tuesday, March 3, 2020 - 10:50am | 261Read More...TFI International has acquired the courier services business of R.R. Donnelley & Sons Co. as the Canadian transportation company looks to grow and squeeze more profits from its logistics business in the United States. TFI announced the deal Monday without disclosing the price. That follows...
-
LTL Carrier Polaris Acquires PRI Logistics
Tuesday, March 3, 2020 - 10:48am | 269Read More...Polaris Transportation Group has acquired PRI Logistics, a third-party logistics brokerage, in a deal that will give the Canadian carrier access to more freight as it grows its cross-border less-than-truckload (LTL) business. Polaris announced the acquisition on Monday, March 2, the same day that...
-
CRST Acquires Final-Mile Logistics Provider NAL Group
Monday, March 2, 2020 - 6:18pm | 554Read More...CRST International Inc. announced it has acquired Edison, New Jersey-based final-mile logistics provider NAL Group. NAL Group consists of warehousing service and final-mile logistics provider North American Logistics, which was founded in 2015, and installation and assembly services company...
-
Mergers And Acquisitions Still Likely For Class I Railroads
Monday, March 2, 2020 - 10:22am | 932Read More...Mergers and acquisitions could happen among the Class I railroads within the next decade if regulatory and economic factors drive railroads to see mergers as a path to greater efficiency and expanded capacity, according to industry observers. "I just feel it's inevitable at some point. It's a...
-
PS Logistics Completes Acquisition Of Southeast Logistics
Thursday, February 27, 2020 - 10:49am | 307Read More...PS Holdco LLC announced that it has completed the acquisition of Southeast Logistics Inc, which includes the assets of Houndstooth Transportation, C Cross Transport and Viking Transportation. Tuscaloosa, Alabama-based Southeast Logistics has approximately 250 drivers and two terminals in...
-
DP World Finalizes Fraser Surrey Docks Acquisition
Wednesday, February 26, 2020 - 4:41pm | 662Read More...DP World, the world's fourth-largest container terminal operator, said it has completed the acquisition of Fraser Surrey Docks in British Columbia, Canada.DP World, headquartered in Dubai, United Arab Emirates, had announced last May that it would acquire Fraser Surrey Docks at Port Metro Vancouver...
-
Atlas Logistics Acquires Last-Mile Delivery Company TopHAT
Monday, February 24, 2020 - 4:56pm | 564Read More...The "booming" final-mile segment continues to experience significant mergers and acquisitions as many transportation providers look to complement their service offerings with in-home delivery. Transportation provider Atlas World Group announced that its subsidiary, Atlas Logistics, has acquired...
