Daniel P. Bearth

Business, Technology

Gryphon Investors Buys Majority Stake in Transportation Insight

Transportation Insight Transportation Insight offices. (Transportation Insight)

Gryphon Investors has acquired a majority stake in Transportation Insight, a Hickory, N.C.-based logistics consulting and transportation management firm, for an undisclosed amount.

Daniel P. Bearth | Staff Writer
September 5, 2018
Government, Business

US-Mexico Trade Deal Draws Cautious Reaction

US, Mexico Trade Deal Trump greets (from left) Ildefonso Guajardo Villarreal, Mexico's secretary of economy; Luis Videgaray, Mexico's foreign minister; and Jesus Seade, chief negotiator for Mexico's president-elect Andres Manuel Lopez Obrado. (Al Drago/Bloomberg News)

A new trade agreement between the United States and Mexico contains a provision that could boost cross-border package delivery, ratchets up pressure on manufacturers to source more products domestically and may lead to more restrictions on Mexican trucks operating in the United States, according to early assessments from business and industry officials.

Daniel P. Bearth | Staff Writer
August 30, 2018
Business, Logistics

Food Service Distributor Atlantic Beverage Receives New Investment

Atlantic Beverage Co., an Edison, N.J.-based importer and distributor of nonperishable food and beverage products, has received new capital from a group of investment firms led by KCM Capital Partners in Chicago.

Daniel P. Bearth | Staff Writer
August 27, 2018
Business, Logistics, Top 50

Americold Logistics Reports Improved Results in Second Quarter

Americold warehouse Americold

Americold Logistics reported improved financial results for the second quarter with revenue from its temperature-controlled warehousing operations growing 2.8% and profit margins expanding by 150 basis points, or 1.5%, compared with the same period a year ago.

Daniel P. Bearth | Staff Writer
August 9, 2018
Business

Titanium Transportation Reports Higher Profit, Revenue in Second Quarter

Titanium Transportation Titanium Transportation

Titanium Transportation Group more than doubled its profit in the second quarter of 2018 compared with the first quarter as the company reaped the benefits of a strong freight market.

Daniel P. Bearth | Staff Writer
August 9, 2018
Business

Heniff Transportation Acquires Miller Transporters

Heniff Bob Heniff, owner of Heniff Transportation Systems. (Heniff Transportation Systems)

In a move that could signal increased consolidation among tank truck fleets, the owner of Heniff Transportation Systems announced the purchase of Miller Transporters, along with Miller Intermodal Logistics Solutions and other affiliated companies. Terms were not disclosed.

Daniel P. Bearth | Staff Writer
August 7, 2018
Business, Logistics, Top 50

Expeditors International Reports 2Q Earnings, Revenue

Expeditors Expeditors International

Air and ocean freight forwarder Expeditors International of Washington reported sharply higher profits and strong revenue growth in the second quarter of 2018.

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

Audax Private Equity Acquires MNX Global Logistics

MNX van MNX Global Logistics

MNX Global Logistics, a company that arranges for expedited delivery of pharmaceuticals and other high-value goods, has a new owner. Boston-based Audax Private Equity announced July 10 the acquisition of MNX from The Riverside Co.

Daniel P. Bearth | Staff Writer
August 6, 2018
Business

Sirva Acquires Amsterdam-Based Team Relocations

Sirva Inc.’s first move since being acquired by the private equity investment firm Madison Dearborn Partners is to expand its moving and storage business in Europe with the purchase of Team Relocations, a relocation and move management company based in Amsterdam.

Daniel P. Bearth | Staff Writer
August 3, 2018
Business

Hub Group Explores 'Strategic Alternatives' for Freight Brokerage Unit

Hub Group Hub Group

Hub Group is exploring a possible sale of Mode Transportation, an operating unit that provides truck and rail freight brokerage and logistics services.

Daniel P. Bearth | Staff Writer
August 2, 2018

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