Daniel P. Bearth

Business, Logistics, Top 100

Jack Cooper Holdings Acquires Assets of Selland Auto Transport

Jack Cooper truck hauling Corvettes Jack Cooper trailers hold Corvettes. (Jack Cooper Holdings)

Jack Cooper Holdings has acquired the assets of Seattle-based Selland Auto Transport, a move that extends the car hauler’s presence in the western United States and provides more balance to the firm’s delivery network.

Daniel P. Bearth | Staff Writer
November 29, 2018
Business, Logistics, Top 50, Top 100

Kuehne + Nagel Continues Acquisition Strategy, Buys Quick International Courier

Kuehne + Nagel Kuehne + Nagel International AG

Swiss freight forwarder Kuehne + Nagel International AG has purchased Quick International Courier, a leading provider of time-critical transportation services, from The Jordan Co., an investment firm that has been on a logistics buying spree over the past couple of years.

Daniel P. Bearth | Staff Writer
November 28, 2018
Business, Technology, Logistics

Telematics Firm Fleet Complete Gets Investment From Ontario Teachers’ Pension Plan

Fleet Complete laptop Program allows fleets to see truck locations in real time. (Fleet Complete via Vimeo)

Fleet Complete, a Toronto-based provider of vehicle telematics and driver management software with operations in North America, Europe and Australia, has received an investment from Ontario Teachers’ Pension Plan.

Daniel P. Bearth | Staff Writer
November 27, 2018
Business, Technology, Fuel

Tesla Looks to Trucking for Ways to Accelerate Deliveries of Model 3 Cars

Teslas on a car carrier Teslas arrive at a dealership in Littleton, Colo. (David Zalubowski/Associated Press)

Elon Musk is doing everything he can to speed up deliveries of the Tesla Model 3, including the tantalizing prospect that he may have purchased a trucking company to augment capacity provided by existing vehicle haulers.

Daniel P. Bearth | Staff Writer
November 20, 2018
Business, Logistics

Lineage Logistics, Dreisbach Open Cool Port Food Warehouse at Port of Oakland

Cool Port The Cool Port facility at Port of Oakland. (Dreisbach)

Lineage Logistics and Dreisbach Enterprises opened a modernistic cold storage and logistics facility at the Port of Oakland to handle food imports and exports.

Daniel P. Bearth | Staff Writer
November 16, 2018
Business, Technology

Newest Startup in On-Demand Warehousing Is a Trucking Company

Vlad Gasnikov and Igor Volchenko OLIMP founder Vlad Gasnikov (left) and CTO Igor Volchenko at a web summit in Portugal. (OLIMP)

The newest entrant in the nascent market for on-demand warehousing is the owner of a Chicago-based trucking company who said he wants to use technology to help reduce the time that drivers spend waiting for freight to be loaded and unloaded. Vlad Gasnikov, CEO of Business Lines of America Corp., is currently beta testing an online platform called OLIMP.

Daniel P. Bearth | Staff Writer
November 14, 2018
Business, Top 50

Americold Posts 3Q Profit

Americold Chris Rank/Bloomberg News

Global warehouse operator Americold reported net income of $24.5 million, or 17 cents a share, in the third quarter, compared with a net loss of $11.9 million, or 17 cents a share, in the same period a year ago. Revenue increased 3.2% to $402 million in 2018 from $389.5 million in 2017.

Daniel P. Bearth | Staff Writer
November 9, 2018

Roadrunner Reports Third-Quarter Loss as Turnaround Effort Continues

Roadrunner Transportation Systems TT File Photo

Roadrunner Transportation Systems released financial results for the third quarter that included a net loss of $41.6 million as the Downers Grove, Ill.-based company continues to battle back from an accounting scandal and the departure of several key executives, some of whom are now facing federal charges of securities fraud for misrepresenting the company’s finances to investors over several years.

Daniel P. Bearth | Staff Writer
November 7, 2018
Business, Logistics

Intermodal Shipments Up 4.7% in Third Quarter

An intermodal train in Washington state Washington State Department of Transportation

Intermodal shipments grew 4.7% in the third quarter as companies stepped up imports ahead of promised U.S. tariffs on foreign goods and domestic shippers shifted from highway to rail in response to rising freight rates and constraints on truck capacity.

Daniel P. Bearth | Staff Writer
November 6, 2018
Business, Logistics, Top 50, Top 100

Hub Group to Acquire Retail Consolidation Specialist CaseStack

Hub Group truck closeup Hub Group

Hub Group has agreed to acquire CaseStack Inc. for $255 million as part of a strategy to expand and diversify its transportation service offerings.

Daniel P. Bearth | Staff Writer
November 6, 2018