Celadon Acquires A&S Services Group
Celadon Group has acquired A&S Services Group, a regional for-hire and dedicated truckload carrier, for $55 million.
October 27, 2014Neovia Logistics to Be Acquired by Goldman Sachs
Neovia Logistics, the former logistics arm of Caterpillar Inc., will be purchased by Rhone Capital, an investment arm of Goldman Sachs Group, company officials said.
October 27, 2014Los Angeles Delays Hit Sales as No. 1 US Port Suffers
After years of ending the holiday shopping season with too much merchandise stacked in their warehouses, U.S. retailers face the opposite this year: They may not have enough.
October 27, 2014ABF to Raise Rates 5.4%
ABF Freight will increase its rates by an average of 5.4%.
October 27, 2014TNT Express Posts Loss on Restructuring, Provision in France
TNT Express NV reported a quarterly loss as restructuring measures and a provision to cover potential costs from an investigation into alleged anti-competitive behavior in France bit into the Dutch logistics company’s earnings.
October 27, 2014Pending Home Sales Rise in September
Contracts to purchase previously owned homes rose less than forecast in September, showing housing will take time to gain momentum.
October 27, 2014Gasoline Falls to Lowest Since 2010, Lundberg Says
The average price of regular gasoline at U.S. pumps slid to the lowest level in almost four years, dropping 18.18 cents in the two weeks ended Oct. 24 to $3.076 a gallon, according to Lundberg Survey Inc.
October 27, 2014Opinion: Looking for the Perfect Buyer?
With all the news about company bankruptcies, increased government regulations, higher equipment costs and economic uncertainty, some motor-carrier owners are looking for options.
October 27, 2014Editorial: A Chance to Finance
Puritans, it has been said, live under the constant, nagging fear that someone somewhere may be having a good time.
October 27, 2014Tonnage Holds at Record
Truck tonnage in September held at an all-time high, rising 3.7% from a year earlier and capping the highest quarter on record, American Trucking Associations reported.
October 27, 2014