Daniel P. Bearth
Heartland Express Continues to Post Profit Improvement
Heartland Express Inc.
Heartland Express Inc. reported another quarter of profit improvement despite a weakening freight environment and bad weather in the first quarter of 2019.
April 22, 2019Investors Pour More Money Into Warehouse Tech Startups
Flowspace X ShipHawk Testimonial via YouTube
Flowspace, a technology firm that helps businesses manage warehousing and fulfillment services, received $12 million in funding from an investment group led by Canvas Ventures.
April 18, 2019Growth Continues, but Risk of Recession Looms Larger, Economist Says
Roadrunner Transportation Systems via Facebook
ORLANDO, Fla. — Freight brokerage and third-party logistics firms can expect another year of positive business growth before facing an increased threat of recession, according to economist Noel Perry.
April 17, 2019Americold Agrees to Acquire Cloverleaf Cold Storage
Americold
Americold Logistics has agreed to buy Cloverleaf Cold Storage for $1.24 billion, a move that ramps up a trend toward consolidation in the refrigerated warehousing sector.
April 16, 2019Cargo Transporters Promotes Dennis Dellinger to CEO
Left to right: Dennis Dellinger, Jerry Sigmon Jr., Jerry Sigmon Sr. and Adam Heavner. (Cargo Transporters)
Cargo Transporters Inc. announced the promotion of Dennis Dellinger to CEO, along with several other management changes at the Claremont, N.C.-based dry van truckload carrier.
April 16, 2019Waterfall, TRP Capital Partners Invest in Truck Rental Firm Flex Fleet
Flex Fleet Rental, a Salt Lake City company that provides commercial truck rentals, is receiving financial backing from Waterfall Asset Management and TRP Capital Partners to expand its business and establish a national presence.
April 12, 2019Renovus Capital Partners Buys Majority Stake in KSM Consulting
KSM
Renovus Capital Partners, a Wayne, Pa.-based investment firm that holds stakes in nearly two dozen companies that provide education and training services, has acquired a majority interest in KSM Consulting in Indianapolis.
April 12, 2019Warehouse Operator Burris Logistics to Acquire Trinity Logistics
A Burris Freight Management truck. (Burris Freight Management)
Burris Logistics and Trinity Logistics have agreed to a merger that will combine a $3 billion refrigerated warehousing and food distribution business based in Milford, Del., with a top-ranked non-asset based freight brokerage firm less than 30 miles away in Seaford, Del.
April 9, 2019J.B. Hunt Transport Services Takes Delivery of First All-Electric Trucks
One of the eCanter electric trucks purchased by J.B. Hunt. (J.B. Hunt Transport Services)
J.B. Hunt Transport Services has made its first purchase of electric-powered trucks, acquiring five medium-duty eCanter box trucks from Mitsubishi Fuso Truck and Bus Corp. for use in making deliveries in Santa Fe Springs, Calif., and in the greater Houston area in Texas.
December 5, 2018Trucking Braces for Fallout From GM Plant Closings
GM's assembly plant in Lordstown, Ohio, is set to close in 2019. (General Motors)
The decision by General Motors to cease production at five of its factories in the United States and Canada will have consequences for trucking companies that serve those plants.
November 29, 2018