JB Hunt To Buy Zenith
J.B. Hunt Transport announced Jan it entered an agreement to acquire furniture hauler Zenith Freight Lines for $87 million. The deal is expected to bolster J.B. Hunt’s final-mile and furniture delivery network.
Tagged: FreightIndustry
FedEx Completes Expansion
FedEx Express it has completed a $72.2 million expansion of its air cargo hub at Miami International Airport, giving e-commerce and perishables shippers doing business in the Americas and Caribbean access to more capacity and…
Consumer Demand Clogging Ports
Consumer demand clogging ports + lack of labor and a limited supply of transportation capacity compounding supply chain crisis he current supply chain crisis is caused by an unprecedented demand for physical goods flowing...
Trucker Adds LTL
Transervice Integrated Solutions (TIS) has launched a less-than-truckload (LTL) division to support shippers across North America. TIS’s new LTL division ‘’complements the existing full truckload service and rounds out the company’s entire freight management offering,’’…
Freight Piling Up On West Coast
Carriers have a clear preference in terms of where they are trying to position themselves in the U.S. and it illustrates just how unbalanced transportation capacity continues to be. Loads traveling more than 800 miles…
Uber Freight Acquiring Transplace
Uber Freight announced last month it is acquiring Transplace for about $2.25 billion, saying the move will create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation…
Freight Demand Likely To Remain High
The largest drivers of freight demand are consumption and production, and for the past year the growth in consumption has been unprecedented. The four largest month-over-month gains in retail sales have come since April 2020…
Truckers Unite Against Freight Broker
A coalition of trucking companies filed a petition in May to force an Indianapolis, Ind.-based freight brokerage into Chapter 7 bankruptcy proceedings for unpaid transportation services. The involuntary Chapter 7 bankruptcy petition, filed in U.S…
