Proficient — the No. 4-ranked auto transporter — expects industry dynamics to improve in 2025, including through a reduction in carrier capacity due to the travails of Jack Cooper Holdings.
February 14, 2025Search
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Auto Hauler Jack Cooper Shuts Down After Losing Ford, GM
The dominoes started to topple when automaker Ford decided in January to end its relationship with Jack Cooper, bringing the curtain down on an approximately 40-year relationship.
February 14, 2025Knight-Swift, A. Duie Pyle, TFI Buy Ex-Yellow Terminals
The three carriers bought a total of seven former Yellow terminals in private deals from the bankrupt LTL carrier’s administrators as each sought to bolster its LTL operations.
February 13, 2025Cemex CEO Fernando González to Step Down After 30 Years
González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.
February 10, 2025QXO’s Hostile Bid for Beacon Roofing Fuels M&A Optimism
M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.
January 29, 2025Trimac Buys Flatbed Specialist Watt & Stewart
Trimac Transportation acquired flatbed and specialized haulage carrier Watt & Stewart for an undisclosed sum.
January 27, 2025Beacon Roofing Solicits Bids to Fend Off Brad Jacobs' QXO
Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.
January 24, 2025J.B. Hunt Ends 2024 With Slight Revenue Decline
The Lowell, Ark.-based carrier ended the year slightly behind where it was during the prior fourth quarter amid efforts to reinvest and improve operations, the company reported Jan. 16.
January 17, 2025Pitt Ohio Buys LTL Carrier Sutton Transport
Pittsburgh-based Pitt Ohio plans to merge Midwest-focused Sutton with its existing Dohrn Transfer LTL unit after an initial period of operating the two separately.
January 7, 2025Fleets Navigate the Challenges of Driver Acceptance of ADAS
Trucking experts say getting drivers to buy in to advanced driver assistance systems technology is key to making sure it is being correctly used.
December 13, 2024