Amazon took a stake in struggling food delivery platform Grubhub that could be worth up to 13% if it attracts enough customers.
AOI Capital has acquired 3PL RK Logistics Group, which specializes in e-commerce warehouse and distribution.
FreightWaves Haul of Fame profiles Hill Brothers Transportation.
Third-party logistics provider Radiant Logistics beat expectations for its second fiscal quarter. The company’s improved results and low-debt profile are allowing it to pursue acquisitions.
Supply chain-focused private equity firm Red Arts Capital acquires Canadian third-party logistics provider Radius Logistics.
Dachser promotes Burkhard Eling to CEO; GlobalTranz hires Bryan Foe as SVP; the Containerization & Intermodal Institute appoints Randy Bayles to its board; and Illinois Railroad Association taps Michelle Kelm as executive director.
Radiant Logistics uses cost savings to offset demand declines from COVID-19. The fiscal first quarter sees debt decline further as acquisitions remain on the table.
Cheng Cheng-Mount was appointed to the Taiwanese carrier’s board in 2018.
