Private equity firm ATL Partners has purchased a majority stake in specialty freight and logistics company Rock-It Cargo, as well as its subsidiary Rich Forwarding Limited.
August 8, 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.
Pilot Flying J Expands Into Oil Exploration and Production Business
Pilot Flying J is expanding its business portfolio with a move into the water, sand and crude oil-hauling business.
August 8, 2018XPO Opens Final-Mile Distribution Hub in Toronto
XPO Logistics has expanded its home-delivery business in Canada with the opening of a 50,000-square-foot distribution hub in Toronto.
August 8, 2018EPA to Study Financial Implications of Maritime Emissions Rules
The U.S. Environmental Protection Agency has launched a study of the potential economic impact forthcoming regulations that require shipping vessels to burn cleaner fuel might have on other transportation sectors, including trucking.
August 7, 2018Expeditors International Reports 2Q Earnings, Revenue
Air and ocean freight forwarder Expeditors International of Washington reported sharply higher profits and strong revenue growth in the second quarter of 2018.
August 7, 2018Opinion: Automated Technology Ready Now Can Ease Capacity Crunch
What if I told you that another form of automated technology could help ease the industry’s capacity crunch right now? Automated routing and scheduling can maximize the usage of available driver time, take some recruiting pressure off of fleets and address the very real challenge of keeping drivers on your staff and behind the wheel once you’ve found them.
August 7, 2018Audax Private Equity Acquires MNX Global Logistics
MNX Global Logistics, a company that arranges for expedited delivery of pharmaceuticals and other high-value goods, has a new owner. Boston-based Audax Private Equity announced July 10 the acquisition of MNX from The Riverside Co.
August 6, 2018Penske Truck Leasing Announces Hawaii Expansion
A second Penske Truck Leasing facility has opened in Hawaii, located on the west side of the island of Oahu in Kapolei, the company announced Aug. 1.
August 6, 2018New Jersey Beverage Distributor Seeks 14-Hour Workday for Its Drivers
Allied Beverage Group, a large New Jersey beverage distributor, has requested that the company’s shorthaul drivers utilizing the record of duty status exception be allowed to return to their work-reporting location within 14 hours instead of the usual 12 hours, the Federal Motor Carrier Safety Administration announced Aug. 3.
August 3, 2018U.S. Xpress Revenue Grows 21.4% in Past Year
A three-year turnaround in the operations and culture at U.S. Xpress Enterprises helped the Chattanooga, Tenn., trucking firm raise more than $250 million in an initial stock offering in June and deliver its best operating ratio in two decades this spring.
August 3, 2018