US-Mexico Trade Deal Draws Cautious Reaction
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.
August 30, 2018DrayNow Raises $5 Million to Expand Services Nationwide
DrayNow, a new load-matching service that is focused on helping shippers and freight brokerage firms find drayage capacity, has received $5 million in funding to expand its business nationwide.
August 28, 2018Truckstop.com Acquires D&S Factors
Load board operator Truckstop.com continues its quest to offer a broader range of business services with the acquisition of D&S Factors, a company based in Fruitland, Idaho, that provides accounts receivable financing to freight brokers and motor carriers.
August 28, 2018Food 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.
August 27, 20182018 Top 100 Private Carrier Rankings: A Disappearing Act and More Mergers
This year’s edition of Transport Topics’ Top 100 Private Carriers list features a disappearing act — more than one, actually — as well as some big mergers in the offing and some new names.
August 20, 2018Orchestrating the Supply Chain
An increasingly constrained freight market is ratcheting up the pressure on shippers to improve the performance of their supply chains and make better use of the limited hauling capacity of their own private fleets and for-hire carriers.
August 20, 2018Americold Logistics Reports Improved Results in Second Quarter
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.
August 9, 2018Titanium Transportation Reports Higher Profit, Revenue in Second Quarter
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.
August 9, 2018Heniff Transportation Acquires Miller Transporters
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.
August 7, 2018Expeditors International Reports 2Q Earnings, Revenue
Air and ocean freight forwarder Expeditors International of Washington reported sharply higher profits and strong revenue growth in the second quarter of 2018.
August 7, 2018