For-Hire

J.B. Hunt Transport Services Inc. reported a decline in fourth-quarter earnings as a result of weaker performance across its segments and rising insurance costs, the company reported Jan. 18. 

Reverse logistics — the management and movement of returned goods — is one of the most significant systems in the economy, and one of the most complicated. 

TFI International Inc., a Canadian carrier that has been growing through acquisitions, announced plans to purchase flatbed specialist Daseke Inc. for $1.1 billion, including debt.

Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.

Drivers have had to grow accustomed to driver-assistance technologies such as the lane-assist function as fleets adopt the features for safety and legal reasons. 

Iowa-based flatbed carrier TMC Transportation is consolidating its southeastern U.S. presence via a $38 million investment in its South Carolina operations.

A Delaware court approved the sale of 128 freight terminals owned by bankrupt less-than-truckload carrier Yellow Corp., according to an audio recording of a Dec. 12 hearing.

Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.

Truck leasing and logistics company Ryder System identified its initial customers Dec. 5 for its RyderElectric+ turnkey electric vehicle fleet program.

Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.