Global Crossing Airlines filed a breach-of-contract suit against freight broker and investor Ascent Global Logistics, alleging the former partner harmed its cargo business by awarding charter flights to its competing in-house cargo airline.
Participants in a key conference discussed how private equity dollars sitting on the sidelines could boost logistics M&A.
H.I.G. Capital announced it has entered an agreement to acquire expedited air and ground logistics provider Ascent Global Logistics.
As the world continues to become increasingly digitized, especially since this shift was accelerated due to the COVID-19 pandemic, many companies have had to find a balance in the workplace in managing relationships despite being primarily online.
“I think there are a lot of barriers that keep ladies out of finance and freight. It usually starts with ‘can’t.’ Do what you want to do. Don’t listen to the ‘can’t.’” Westjohn said.
In order for freight operations to run smoothly, the relationship between carriers and shippers should be strong.
Ascent has acquired a majority stake in Central Minnesota Logistics, a brokerage focused on transportation solutions for overdimensional and heavy-cargo freight.
More serious conversations about nearshoring has changed the role of 3PL companies from a strategic advisory role to one of execution.
Roadrunner fully exits truckload business and announces financial improvement. The company adds former Celadon CEO to the board.
Roadrunner Transportation Systems to spin off global logistics segment, emerging debt-free in the process.
