Daniel P. Bearth
Jack Cooper Holdings Acquires Assets of Selland Auto Transport
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.
November 29, 2018Kuehne + Nagel Continues Acquisition Strategy, Buys Quick International Courier
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.
November 28, 2018Telematics Firm Fleet Complete Gets Investment From Ontario Teachers’ Pension Plan
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.
November 27, 2018Tesla Looks to Trucking for Ways to Accelerate Deliveries of Model 3 Cars
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.
November 20, 2018Lineage Logistics, Dreisbach Open Cool Port Food Warehouse at Port of Oakland
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.
November 16, 2018Newest Startup in On-Demand Warehousing Is a Trucking Company
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.
November 14, 2018Americold Posts 3Q Profit
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.
November 9, 2018Roadrunner Reports Third-Quarter Loss as Turnaround Effort Continues
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.
November 7, 2018Intermodal Shipments Up 4.7% in Third Quarter
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.
November 6, 2018Hub Group to Acquire Retail Consolidation Specialist CaseStack
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.
November 6, 2018