Odyssey Logistics & Technology Corp. has agreed to buy U.S.-based freight forwarder AFF Global Logistics for $465 million in cash and equity, the company announced Oct. 18.
October 19, 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.
AIT Worldwide Logistics Acquires WorldFresh Express
AIT Worldwide Logistics acquired WorldFresh Express, a Los Angeles-based freight forwarder that handles perishable food products, in a deal completed Oct. 17.
October 19, 2018SunteckTTS Acquires HA Logistics
Logistics provider SunteckTTS announced this week that it had acquired HA Logistics, a freight brokerage and logistics company with full-service sales and support operations in California, Ohio, Texas and Washington.
October 19, 2018Beauty Retailer Feelunique, Seko Logistics Partner on Hong Kong Hub
Feelunique, a European online beauty retailer, has partnered with Seko Logistics to open a distribution hub in Hong Kong.
October 18, 2018Delmar International Acquires CV Logistics
Delmar International, a Lachine, Quebec, company whose offerings include freight forwarding and warehousing and distribution, has announced the acquisition of CV Logistics, also in Quebec.
October 18, 2018Congestion Creates $74.5 Billion Burden for Trucking, ATRI Analysis Shows
Traffic congestion on the nation’s highways added $74.5 billion in operational costs to the trucking industry in 2016, according to the American Transportation Research Institute’s recent analysis.
October 18, 2018Walmart Unveils High-Tech Grocery Warehouse
Walmart Inc. is building a high-speed grocery warehouse to solidify its position as the nation’s biggest grocer.
October 18, 2018SMC3 Adds Volume LTL Pricing API
SMC3, a knowledge hub for LTL transportation pricing data and technology, has added a tool to its platform.
October 18, 2018Amazon, FedEx, UPS Could Gain from Trump Threat to Leave Postal Union
U.S. e-commerce companies including Amazon.com and shippers such as FedEx Corp. and UPS Inc. stand to gain from the Trump administration’s move Oct. 17 to withdraw from an international postal agreement.
October 18, 2018UPS’ New Automated Sorting Facility in Atlanta Is Up and Running
ATLANTA — UPS Inc. is looking to the future with its new Southeast Metro Automated Routing Terminal. About the size of 19 football fields, the automated facility can be expanded to increase the 1,700 packages a minute it is able to process now.
October 18, 2018