Brad Jacobs, the billionaire who founded XPO Logistics, is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself.
Trucking and logistics firms have seen weak market conditions during the past year as spot freight demand has cooled, truck capacity has loosened and the macroeconomic outlook is uncertain.
NATIONAL HARBOR, Md. — President Joe Biden cited supply chain achievements and urged foreign investment as the Commerce Department held a networking event that included 70 countries.
Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly $1.6 billion.
Proterra, whose focus is on heavy-duty electric transportation especially for buses, announced a $200 million investment led by Cowen Sustainable Advisors along with supporting investments from Soros Fund Management, Generation Investment Management and Broadscale Group.October 16, 2020
Your Safety department has a significant influence on your profitability. Carriers have made considerable investments in safety and compliance systems, the data from which is used to manage and respond to adverse behavior. Learn how to use the data from your current safety investments to prevent loss and improve profitability.April 25, 2019
Kane Is Able Inc., a warehousing and distribution business in operation since 1930, announced that Harkness Capital Partners agreed to make an unspecified equity investment in the firm as part of a strategy to expand the company’s services and national presence.
Private equity firm Mason Wells of Milwaukee has acquired RJW Logistics Group Inc., a supply-chain logistics service for packaged-goods companiesMarch 18, 2019
Back in 2017, Toyota said that it would invest at least $10 billion over the course of the next five years in its U.S. manufacturing presence. Now, the Japanese automaker is saying it will exceed that goal in announcing a new commitment of $13 billion in the same timeframe.March 15, 2019
Freightera, an online marketplace for freight costs and service comparisons, has announced a major investment from Decathlon Capital Partners, per a Jan. 24 press release. An exact figure wasn’t disclosed but was described as being seven figures.February 4, 2019