Ocean Carrier CMA CGM Group to Buy 25% Stake in Ceva Logistics
Ceva Logistics is getting a major new shareholder to go along with a planned initial public stock offering of stock.
IMC Cos. Adds H&M to National Drayage Network
IMC Cos. expanded its intermodal drayage operations with the purchase of H&M Terminal Transport from H&M International Transportation in Iselin, N.J.
Opinion: Maximize Short-Term Value for Long-Term Gains
Recent company mergers and initial public offerings have brought the value of trucking companies to the forefront.
Fleet Brake Agrees to Buy Pulse Heavy Duty
Fleet Brake Parts & Service announced it has entered into a binding letter of intent to acquire the assets of Pulse Heavy Duty, a parts distributor in Dartmouth, Nova Scotia.
December 4, 2017Blackstone Acquires Stake in Cloverleaf
Warehousing and distribution firms are beginning to attract more interest from investors as demand for storage space nationwide heats up and competition intensifies among smaller players.
November 28, 2017Heartland Express Profits Drop 37% After Added Expenses From IDC Acquisition
Heartland Express Inc. announced weaker-than-expected earnings in the third quarter on Oct. 27 as higher expenses related to Interstate Distributor Co. dragged results down despite higher revenue.
FBI Group Acquires Third Canadian Freight Brokerage Firm
Freight Brokers International Corp., a freight brokerage firm in Vaughan, Ontario, that goes by the name The FBI Group, has agreed to acquire another brokerage firm, Consolidated Carriers, based in Markham, Ontario.
October 10, 2017TMC Workforce Expands Supply Chain Business With Purchase of Summitline Industries
TMC Workforce Solutions, a national staffing and recruiting firm based in Houston, announced it has acquired Summitline Industries in Fort Wayne, Ind., as part of an effort to expand its supply chain support business.
October 9, 2017C.A.T. Holding Boosts Truckload Business in Canada With Purchase of SLH Transport
Canadian American Transport Holding Inc. announced that it has acquired SLH Transport in Kingston, Ontario — a move that triples the size of its truck fleet in Canada and provides stability for employees of SLH Transport, a carrier whose owner, Sears Canada, filed for bankruptcy protection in June.
October 6, 2017Warren Buffett Isn’t Losing Sleep Over Self-Driving Trucks
“Trucks are going to be around for a very long time.”