As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in Convoy Inc., a trucking logistics startup that competes with Uber Technologies Inc.
July 25, 2017Search
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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.
Keg Logistics Sold From One Private Equity Firm to Another
Bregal Sagemount has sold its stake in Keg Logistics to Seaport Capital in a deal between middle-market private equity firms.
July 21, 2017Coyote Logistics to Open Atlanta Office, Add 325 Jobs
Coyote Logistics will open a 48,000-square-foot office in northeast Atlanta and create 325 jobs, spending more than $6 million.
July 21, 2017J.B. Hunt Purchases Special Logistics for $136 Million; Deal to Boost Final-Mile Deliveries
J.B. Hunt Transport Services Inc. announced it will acquire Houston-based Special Logistics Dedicated for $136 million.
July 21, 2017Canadian Pacific Railway Sees End of the Line for Government-Owned Grain Cars
Canadian Pacific Railway Ltd. is ready to buy its own grain cars, sidelining 6,000 government-provided ones from the 1970s that are no longer up to the job.
July 20, 2017Amazon Fulfillment Center Planned Near Cleveland, on Former Mall Site
An Amazon.com fulfillment center could bring more than 1,200 jobs to the long-ailing village of North Randall, Ohio. Across the country, the e-commerce giant is disrupting the traditional retail business and contributing to shopping malls’ struggles. In Northeast Ohio, though, Amazon is literally replacing them. The North Randall project, an 855,000-square-foot building, would occupy approximately 69 acres of the former Randall Park Mall site.
July 20, 2017Mack’s Second-Quarter Orders Surge 58%
For the second consecutive quarter, Mack Trucks delivered fewer trucks than a year ago but received a surge in orders, as a result of an active construction segment and slowly improving freight environment in North America.
July 19, 2017Analysis: CSX Profit Chugs Along, but Could Come at a Price
CSX Corp. investors who endorsed a massive pay package to bring railroad wunderkind Hunter Harrison on board as CEO are already seeing the payoff. The question is, at what cost?
July 19, 2017Million Square-Foot Distribution Center in Detroit to be Redeveloped — Reportedly for Amazon
Up to 1,000 jobs could be coming to Shelby Township, Michigan through the development of a more than 1-million-square-foot distribution center at a former automotive electronics supplier site.
July 19, 2017Logistics Plus to Expand Pennsylvania Headquarters
On July 13, Gov. Tom Wolf announced that Logistics Plus, which handles transportation and logistics around the world, will expand its headquarters in Erie’s Union Station, creating 44 new jobs.
July 18, 2017