Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.
Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.
A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.
TFI International has acquired less-than-truckload carrier Hercules Forwarding, which generates over $100 million in revenue each year.
Two subsidiaries of trucking conglomerate TFI International have been sued by the EEOC over alleged discrimination against two gay employees who ultimately were fired.
Canadian transportation company puts its money to work after raising $230 million in U.S. IPO as it works to grow its logistics business.
CEO Alain Bedard says company may buy more firms in the United States as it looks to bolster underperforming logistics and final mile units and clean up market.
Canada’s largest transportation and logistics company releases second-quarter results on July 25.
Kal Atwal becomes executive vice president as Canadian transportation and logistics company integrates bankrupt courier BeavEx’s business.
