Hub Group has agreed to acquire CaseStack Inc. for $255 million as part of a strategy to expand and diversify its transportation service offerings.
November 6, 2018Search
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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.
Amazon Is Said to Split HQ2 Between New York, Northern Virginia
Amazon.com’s yearlong search for a second headquarters is nearing an end, people with knowledge of the matter said. One will be the Crystal City area of Arlington, in Northern Virginia, two people said. Another will be Long Island City, in the New York borough of Queens, other people said. An Amazon spokesman declined to comment.
November 6, 2018Diesel Continues to Slide, Drops 1.7 Cents to $3.338 a Gallon
The U.S. average retail price of diesel dropped 1.7 cents to $3.338 a gallon as prices for West Texas Intermediate crude oil continued to sink despite concerns that global supplies could fall amid U.S.-imposed sanctions on Iran. It was the third consecutive weekly decline in the price of diesel.
November 5, 2018Magnate Worldwide Acquires Domek Logistics
Shipping and logistics company Magnate Worldwide has announced the acquisition of Domek Logistics. Domek will integrate as an additional branch of Masterpiece International, MWW’s international freight forwarding and customs brokerage subsidiary, according to a Nov. 2 press release.
November 5, 2018Werner Enterprises Opens Shop in Arkansas
Truckload carrier Werner Enterprises has opened a shop in West Memphis, Ark., to replace its drop yard in Marion, Ark.
November 5, 2018Seacoast Capital Invests $10 million in Deliver-It
Capital investor Seacoast Capital has announced a $10 million investment in last-mile logistics company Deliver-It.
November 5, 2018Dresdner Robin Completes Work on $25 Million Baldor Foods Expansion
Dresdner Robin, a Jersey City, N.J.-based land use consultancy, has finished work on a $25 million expansion at the Bronx headquarters of Baldor Specialty Foods.
November 5, 2018FedEx to Raise Prices in Response to Surging Freight Demand, Tight Capacity
FedEx Corp. will boost most prices by an average of 4.9% starting in January, more than double the expected rate of U.S. inflation next year, as freight demand surges.
November 5, 2018Amazon Offers Free Holiday Shipping to Compete With Target
Amazon says it will offer customers free shipping on orders delivered through Christmas regardless of whether they are members of the Prime membership program, a move that comes two weeks after rival Target undercut the company with its own free-shipping offer.
November 5, 2018U.S. Xpress Enterprises Posts Record Profits
U.S. Xpress Enterprises reported record profits in the third quarter as the company benefited from strong freight volumes and higher rates.
November 2, 2018