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Forward Air to Acquire Linn Star for $57.2 Million

Forward Air Corp. will acquire Linn Star Holdings Inc., Linn Star Transfer Inc. and Linn Star Logistics, a privately held final-mile provider, for $57.2 million, according to a Forward Air news release Dec. 12.

December 16, 2019

Celadon Files for Bankruptcy, Shuts Down

Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.

December 9, 2019

Two Former Celadon Executives Charged in Fraud Scheme

The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.

December 5, 2019

Class 8 Orders Slump for Weakest November Since 2015

Preliminary North American Class 8 net orders for November passed 17,000 and hit the second-highest point reached this year, but analysts at two data-tracking firms said it did nothing to alter the slumping direction of the overall trend.

December 5, 2019

Schneider Launches Load-Booking Tool for Third Parties

Schneider launched an automated tool that enables third-party carriers to instantly book loads with the click of a button, the carrier said in a Nov. 26 news release.

November 27, 2019

Shippers, Carriers Shift Into High Gear for Cyber Monday

The holiday shopping season is here, and the big e-commerce day is expected to make shippers busy.

November 26, 2019

Coyote Predicts Spot Market Prices to Rise in Q1 2020

Coyote Logistics forecast truckload spot rates will increase heading into 2019’s peak season and continue into 2020 in its prediction for the final quarter of the year.

November 21, 2019

Dean Foods Bankruptcy Should Have Little Impact on Trucking, Experts Say

Trucking and agriculture officials said the Chapter 11 bankruptcy filing by Dean Foods and its decision to sell its assets to the national milk marketing cooperative Dairy Farmers of America is not an indication of a broader problem in the sector, at least in the short term.

November 20, 2019

Global Shipment Giant DHL Says Worst Is Over for Trade, Brexit

The worst may be over for global trade as tensions over Brexit and the U.S.-China relationship show signs of easing, according to John Pearson of DHL Express.

November 19, 2019