XPO Logistics, a provider of freight transportation services, has opened two less-than-truckload (LTL) terminals to increase customer service capacity in its North American network. In addition, the company increased production capacity at its trailer manufacturing…
Waco, Texas-based Central Freight Lines (CFL) notified drivers, employees and customers in mid Dec that it would be shutting down. A source close to CFL said the company had “too much debt and too many unpaid bills”…
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,’’…
Less-than-truckload (LTL) carrier Yellow Corp. announced tonnage declines for the first two months of the third quarter. The company saw tonnage per day decline 5.7 percent year-over-year in July, accelerating to down 8.5% in Aug.
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…
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 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…
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…
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 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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