Carriers are grappling with a tough freight market, relying on cost-cutting measures, operational efficiency and strategic revenue opportunities to stay ahead.
December 2, 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
Kenan Advantage Expands Dry Bulk With Two November Deals
North Canton, Ohio-based KAG has expanded its dry bulk transportation services with two acquisitions, strengthening its logistics capabilities across North America.
November 25, 2024Roadrunner Owner Sells Majority Stake to CEO Jamroz, Partner
A private equity vehicle led by Roadrunner Freight CEO Chris Jamroz bought a majority ownership stake in the less-than-truckload carrier from Elliott Investment Management.
November 25, 2024Schneider Acquiring Cowan Systems in $390 Million Deal
Schneider is acquiring Baltimore-based Cowan Systems in a $390 million deal that will expand the carrier’s dedicated trucking services. The transaction is set to close by the end of 2024.
November 25, 2024Landstar Taps Beacom and Miller for New Roles
Joe Beacom will become president of Landstar System Holdings. Matt Miller will succeed Beacom as vice president and chief safety and operations officer.
November 18, 2024Kuehne + Nagel Acquires Majority Stake in IMC Logistics
Kuehne + Nagel, a Switzerland-based global transportation and logistics company, acquired a majority stake in marine drayage provider IMC Logistics, it announced Nov. 14.
November 14, 2024TFI Buys Manitoba-Based TL, LTL Carrier Keystone Western
TFI International bought truckload and less-than-truckload carrier Keystone Western for an undisclosed sum, the company said in a LinkedIn post.
November 13, 2024PS Logistics Unit Buys Louisiana Flatbed Carrier Fluker
Since 2016, Birmingham, Ala.-based PS Logistics has acquired 27 trucking operations and five non-asset-based logistics operations in the U.S.
November 12, 2024Intermodal Load Growth Cushions Hub Group Q3 Profit Decline
Hub Group profit and revenue fell in Q3 2024, but intermodal load growth mitigated the damage and the carrier’s top executive is becoming more optimistic about the freight environment.
November 7, 2024Schneider Q3 Revenue, Profit Decline in Weak Freight Market
The company's results missed expectations from investment analysts on Wall Street, who had been looking for earnings per share of 23 cents and quarterly revenue of $1.33 billion.
November 6, 2024