Saltchuk Aviation, which is downsizing its air cargo operation, sold StratAir’s cargo handling business to acquisitive airport services provider PrimeFlight Aviation.
DAT Freight & Analytics has announced the acquisition of the Convoy platform from Flexport. Sources suggest the price was around $250m in cash. DAT intends to shift away from its main business: a dumb load-board service that connects brokers with carriers. Convoy, a venture-backed unicorn, shut down abruptly in October 2023. Flexport snapped up its […]
Wells Fargo is selling its rail leasing equipment business to a joint venture of GATX Corp. and Brookfield Infrastructure.
E-commerce logistics startup Stord has acquired Ware2Go from UPS.
Germany’s DHL Group is acquiring U.S.-based CryoPDP to boost its health care logistics business.
