Tagged: LTL

Knight-Swift acquires AAA Cooper Transportation 0

Knight-Swift Acquires AAA Cooper

The nation’s largest truckload carrier, Knight-Swift Transportation, announced recently it had acquired less-than-truckload (LTL) carrier AAA Cooper Transportation in a transaction with an enterprise value of $1.35 billion. AAA Cooper is expected to generate full-year…

FedEx Ground Truck at night 0

New Chief at FedEx

John A. Smith, president and chief executive officer of FedEx Freight, will be named president and chief executive of FedEx Ground on June 1. Smith succeeds Henry Maier, who will remain at FedEx as an…

UPS Freight 0

UPS & TFI sign $800 million deal

UPS is selling its UPS Freight less-than-truckload (LTL) division to TFI International Inc. for $800 million. The decision to sell UPS Freight aligns with the company’s “better not bigger” strategic positioning, according to a UPS…

Thorne Retiring From ABF 0

Thorne Retiring From ABF

Tim Thorne, president of ArcBest less-than-truckload carrier ABF Freight, will retire June 30 after a 31-year career with the company. Seth Runser, ABF vice president for line haul operations was promoted to the new role…

Midwest Motor Express Truck, Investors Acquire MME Inc, Investors Red Arts Capital has partnered with Prudential Capital Partners to acquire MME Inc. and its subsidiaries Midwest Motor Express and Midnite Express 0

Investors Acquire MME Inc

Red Arts Capital has partnered with Prudential Capital Partners and Brightwood Capital Advisors to acquire MME Inc. and its wholly owned subsidiaries Midwest Motor Express Inc. and Midnite Express Inc. Financial terms of the transaction…

Old Dominion FreightLine Truck on snowy road by mountain 0

Old Dominion Saw Record Earnings in 2018

Old Dominion Freight Lines’ gross revenues in 2018 grew 20.4 percent over 2017, generating record earnings per share for the less-than-truckload (LTL) carrier. “Pricing discipline and a consistent philosophy with respect to yield allowed us…

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