In a striking private equity deal, Providence Equity Partners has agreed to buy GlobalTranz (GTZ), a top 10 third-party logistics provider (3PL), back from The Jordan Company after selling GlobalTranz to Jordan for approximately $400 million in June.
XPO adds IT functionality to core business.
March orders for new trucks in the heaviest Class 8 weight segment plummeted 66 percent compared with the same month in 2018.
Fast Radius, a leading manufacturing technology company, has announced its Series B financing round of $48 million led by UPS, with strong insider participation from Drive Capital.
Cavalry Logistics is expanding rapidly this year by tripling its locations, hiring aggressively and integrating with Universal Logistics Holding Inc.’s forwarding division.
Air cargo volume is down year-to-date. Learn what air cargo companies are doing – and not doing – to generate greater volume and revenue.
PHOTO CREDIT: SHUTTERSTOCK Guest post by FreightWaves’ John Gallagher A formal rulemaking likely will not be required to make permanent a federal demonstration project that seeks to assign proper blame for trucking accidents. The 24-month “Crash Preventability Demonstration Program” that was launched by the Federal Motor Carrier Safety Administration (FMSCA) in August 2017 will end […]
Australia’s Competition and Consumer Commission (ACCC) has handed out a smack-down to the three main longshoremen companies in Australia, which were using their oligopoly market power to impose unfair terms on trucking companies. The stevedoring companies involved are DP World Australia, Hutchison Ports Australia and Victoria International Container Terminal.
Two-person teams to be briefed, then local leaders and rank-and-file.
FedEx Freight, J.B. Hunt, Schneider National among companies with the most non-preventable accidents identified so far by FMCSA.
Roadrunner Freight has introduced a smartphone app that leverages technology to increase transparency and reduce downtimes for independent contractors.
DHL unit to enter a big auto supply chain business at Charleston.
Navistar recently recalled more than 24,000 International model heavy-duty trucks due to a possible defect that could cause the exhaust tail pipe to fall off the vehicles while they are moving.
Truck drivers with minor damage to their vehicle now have a speedier way to handle that claim if they are a Progressive Insurance commercial customer with a new photo inspection tool.
Auto sales are declining, but the National Automobile Dealers Association still expects strong sales for 2019, plus the one area where Amazon is losing and opposition to Canada’s carbon tax grows.
Canadian trucking company Bison Transport acquired H.O. Wolding Inc., or HOW, a 320-truck dry van fleet headquartered in Amherst, Wisconsin, on April 1.
Ashley Coker IMAGE: SHUTTERSTOCK The employer in this case hired an independent payroll service provider to take over all the payroll tasks that would otherwise be performed by an internal payroll department. A former employee sued the employer and the payroll company on multiple claims, including breach of contract, negligence, and negligent misrepresentation. The payroll […]
All lanes of I-75 North to I-24 West in Chattanooga, Tennessee were blocked Monday after a concrete railing collapsed onto the roadway from the interchange above.
Big Apple’s traffic is rotten to the core thanks to rise of on-demand economy; congestion pricing may be cure, but uncertainties abound.
ARTBA estimates cost to repair or replace 235,000 bridges across the country at $171 billion.
