Visible Supply Chain Management has received an unspecified equity investment in its business from The Cynosure Group, an investment firm controlled by the Eccles family in Salt Lake City, according to a statement released April 3.
April 4, 2019Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Cynosure Invests in Visible Supply Chain Management
Trump Threatens Car Tariffs on Mexico Over Drug Flow Across Border
President Donald Trump retreated from threats to immediately close the border with Mexico over migration, instead abruptly pivoting April 4 to a new demand: that the Mexican government stop the flow of illegal drugs into the U.S. within a year or face car tariffs.
April 4, 2019Carmakers Sell More to Rental Companies as Retail Demand Weakens
Stronger-than-expected new car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume.
April 4, 2019XPO Logistics to Launch Enhanced Last-Mile Capabilities Online
XPO Logistics Inc. will launch expanded last-mile capabilities on its XPO Connect digital freight marketplace, company officials said.
April 4, 2019Tech Investor Iconiq Buys Majority Share of Truckstop.com
A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service, continuing the trend of private investment dollars flowing into trucking tech firms.
April 4, 2019Investment Firm Regains Ownership of GlobalTranz
GlobalTranz Enterprises has struck a deal with Providence Equity Partners to acquire the business from The Jordan Co. in a move designed to provide additional financial support for the companys aggressive growth strategy.
April 4, 2019Industry Objects to Plan to Privatize Military Moves
A plan to turn over responsibility for household-goods moves for military personnel to a single third-party transportation manager is running into opposition from industry leaders who say the idea is flawed and wont rectify the problems U.S. Transportation Command said it wants to address.
April 3, 2019Bison Transport Acquires H.O. Wolding as Canadian Firms Eye US Expansion
Bison Transport Inc. acquired Amherst, Wis.-based H.O. Wolding Inc., a 320-truck dry van fleet, marking a further expansion by the Winnipeg, Manitoba-based trucking firm into the United States.
April 3, 2019Trump Softens Position Toward Closing US-Mexico Border
President Donald Trump on April 4 said he will delay closing the U.S.-Mexico border for one year, just days after it was announced he would seal the southern border as early as this week.
April 3, 2019Trucker Tools Helps 3PL Choptank Corral Tech Holdouts
Choptank, a third-party logistics service provider, says it recently incorporated a wider array of Trucker Tools, a system of applications, to more rapidly shed manual processes such as phone calls. Trucker Tools helps drivers and brokers track freight and bid on jobs.
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