VersaCold, one of Canada’s largest providers of cold storage, is exploring a potential sale that could fetch $500 million or more, according to people with knowledge of the matter.
March 3, 2020Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
CRST Buys New Jersey-Based Final-Mile Logistics Company NAL Group
CRST International on March 2 announced it had acquired final-mile specialist NAL Group. Financial terms of the agreement were not made public.
March 3, 2020Bayonne Bridge Expansion Pays Big Dividends for Port of N.Y.-N.J.
Nearly a year after the Port of New York and New Jersey rededicated the raised Bayonne Bridge over the Kill Van Kull tidal strait connecting Bayonne, N.J., with Staten Island, N.Y., officials say the project is paying big economic dividends.
March 3, 2020Amtrak Names Former Air Cargo Executive as New CEO
Amtrak named a former air cargo executive as its new president and chief operating officer March 2.
March 2, 2020Most Ports See Container Volumes Decline in January
Facing strong headwinds from the lingering effects of the U.S.-China trade war, the slowdown associated with the Chinese New Year, and later the coronavirus, most of the nation’s ports saw container volumes fall in January.
March 2, 2020Economists Fear Possible Recession as Coronavirus Spreads
Economists who closely follow the transportation and trucking industry say the next month will be critical as to whether the economy avoids a recession in 2020 as concerns over the spread of the coronavirus mount.
March 2, 2020Apple’s Tim Cook Sees Minor Supply Chain Changes in Wake of Virus
Apple Inc. Chief Executive Officer Tim Cook suggested the iPhone maker wouldn’t make any quick moves out of China in light of interruptions due to the coronavirus and called the situation a “temporary condition.”
February 28, 2020Alabama Warehouse Expected to Increase Use of Inland Port, Reduce Truck Traffic
A new 30,375-square-foot storage warehouse at the Mallard-Fox Creek Port facility in Decatur, Ala., is expected to increase the use of the port and ease truck traffic on area highways, officials said.
February 28, 2020Walmart Developing a Membership Program to Rival Amazon Prime
Walmart, the world’s largest retailer, is developing a paid membership program to challenge internet giant Amazon Prime's offering. It will be called Walmart+.
February 27, 2020NACFE Begins Three-Year Program to Discover Best Routes for Electric Trucks
The North American Council for Freight Efficiency announced at 2020 TMC that it is beginning a three-year program to identify what it calls “high-potential” regional routes that are well-suited to running electric trucks. Dan Ronan, Transport Topics associate news editor of print and multimedia, reports.
February 26, 2020