04 Jan PS Logistics Completes Robinette Acquisition Flatbed transportation solution provider PS Logistics has announced that its subsidiary, Loudon County Trucking, completed its acquisition of Robinette Trucking Inc. and Robinette Properties Inc., according to a Dec. 20 press release. Financial terms were not disclosed. Read more...
04 Jan Forager Logistics Launches as Cross-Border Freight Broker The cross-border freight brokerage and logistics service field has a new player in Forager Logistics. The Chicago-based company will focus on servicing supply chain networks in the automotive and aerospace industries, according to a Jan. 3 press release. Read more...
04 Jan Infrastructure, Trade Loom Large for Trucking in the New Year Infrastructure and trade loom large for trucking in the year ahead as freight carriers adjust to a slower, but still positive, rate of economic growth in 2019, according to industry experts interviewed by Transport Topics. Read more...
04 Jan Seko Logistics Acquires GoodShip International Seko Logistics, a supply chain solutions provider, has acquired GoodShip International Inc. The move marks Seko’s first full acquisition of another independent freight forwarding specialist in its 42-year history, the company stated in a Jan. 3 press release. Read more...
04 Jan Ravn Air Group Purchases Assets of Peninsula Airways Ravn Air Group, a portfolio company of J.F. Lehman & Co., has purchased the assets of Peninsula Airways Inc., according to a Dec. 26 press release. Read more...
04 Jan Senate Confirms Transportation Nominations Moments before bringing the 115th session of Congress to a close, the U.S. Senate on Jan. 2 easily confirmed the nominations of Martin Oberman and Patrick Fuchs for posts on the Surface Transportation Board. Read more...
04 Jan December Class 8 Orders Tail Off Amid High Backlog Preliminary North American Class 8 net order data show the industry booked 21,300 units in December, down 24% sequentially from November and 43% from year-ago December, ACT Research Co. reported. Read more...
04 Jan Great Western Leasing and Sales Acquires All Points Equipment Leasing Great Western Leasing and Sales, a full-service solutions provider to the flatbed and specialized trailer industry, has announced the acquisition of All Points Equipment Leasing. The move represents Great Western’s first expansion into the Midwest market, according to a Dec. 26 press release. Read more...
04 Jan Universal Logistics Acquires Container Connection in Latest Drayage Expansion Universal Logistics Holdings, an asset-light provider of customized transportation and logistics solutions, has announced the acquisition of Deco Logistics and Oaktree Logistics, which conduct business as Container Connection. Read more...
04 Jan Volvo Trucks to Take $780 Million Charge Over Emissions Flaw Volvo AB, the world’s second-largest truckmaker, will set aside $780 million (7 billion kronor) to address a faulty emissions-control component that’s worn out more quickly than expected. Read more...