Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.
April 12, 2024Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Penske Sues Sacramento Over Environmental Plan
Penske Truck Leasing Co. has sued the city of Sacramento, Calif., alleging the city's environmental plan will harm the company's large North Sacramento facility.
April 4, 2024UPS to Become the Primary Air Cargo Provider for USPS
UPS will become the primary air cargo provider for the United States Postal Service after FedEx said it wasn’t able to reach an agreement on mutually beneficial terms to extend its contract.
April 1, 2024UPS Sees Sales, Profit Growth Coming Out of ‘Difficult’ 2023
UPS Inc. expects sales and profit to grow over the next three years as the courier overcomes soft demand for package delivery coming out of the pandemic.
March 26, 2024Amazon Delivery Rival Pandion Secures Funding for Expansion
E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon’s delivery — has secured $41.5 million in fresh funds to expand its operation.
March 22, 2024Aerolane Seeks to Use Freighter Planes to Pull Cargo Gliders
Aerolane is testing a business plan to pull cargo gliders with small freighter planes.
March 19, 2024PS Logistics Buys Yordy Transport, Boosts Flatbed Ops Again
Diamond State Trucking & Logistics is to buy Morton, Ill.-based flatbed carrier Yordy Transport for an undisclosed sum, parent company PS Logistics said.
March 14, 2024TFI Buys Hercules Forwarding to Boost US LTL Operations
TFI International is to buy less-than-truckload carrier Hercules Forwarding Inc. for an undisclosed sum, it said.
March 12, 2024Nearshoring Trend Drives More Border Growth
The nearshoring trend has been driving further transportation and logistics investments near the Mexican border as companies work to capture current and expected future growth.
March 4, 2024Navistar Launches Integrated Powertrain
Truck maker Navistar announced Feb. 26 it has made the first deliveries of its International LT Series equipped with the International S13 Integrated Powertrain.
February 29, 2024