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Integrating less-than-truckload, truckload, logistics and freight forwarding services into one company is incredibly difficult. But one company has done it successfully: USFreightways Corp.

Integrating less-than-truckload, truckload, logistics and freight forwarding services into one company is incredibly difficult. But one company has done it successfully: USFreightways Corp.

Mark VII Inc., an intermodal transportation and logistics company based in Memphis, Tenn., has agreed to a buyout by MSAS Global Logistics, a unit of Ocean Group PLC, for $23 a share in cash. ased on 9.4 million shares outstanding, the offer is worth $217.3 million.

Matlack Systems of Wilmington, Del., announced the resignation of two of its top executives and the appointment of a new president and chief executive officer.

The decision by United Parcel Service to sell 10% of its shares to the public — in what analysts said could be the largest initial public stock offering in history — is likely to have a major impact on the global transportation industry.

Ryder System agreed to sell its public transportation service unit to FirstGroup PLC, the United Kingdom’s largest bus operator, for $940 million in cash.

North American Van Lines confirmed having discussions with London-based NFC plc regarding a transaction involving Allied Van Lines and Pickfords Van Lines.

Mark VII Inc., an intermodal and logistics company based in Memphis, Tenn., has agreed to a buyout by MSAS Global Logistics, a unit of Ocean Group plc, for $23 a share in cash.

Apollo Management, a private investment firm with a stake in several transport companies, is helping to finance the buyout of Corporate Express of Broomfield, Colo.

Overnite Transportation Co. reported profits rose 13.7% in the second quarter of 1999, and that revenue and net income in the first six months of the year were the best since 1994.