Sears representatives summoned liquidation firms and other advisers to emergency meetings on Jan. 4 after rejecting Lampert鈥檚 $4.4 billion bid to buy and operate Sears stores.
January 7, 2019BusinessTechnologyLogistics
Elon Musk, Tesla Break Ground on China Plant, First Outside US
After four years of planning, Tesla Inc. finally broke ground on its planned $5 billion factory in the world鈥檚 biggest auto market, China. But the timing couldn鈥檛 be more inauspicious.
January 7, 2019BusinessLogistics
Namaste Extends Stake in Cannabis Provider Pineapple Express
Cannabis e-commerce company Namaste Technologies has announced its entrance into a share purchase agreement of an additional 34% equity stake in Pineapple Express Delivery, a same-day cannabis delivery provider in Canada, according to a Dec. 17 press release. Namaste previously acquired shares from Pineapple Express in June 2018, and it now owns 49% of the latter company鈥檚 outstanding common shares.
January 7, 2019BusinessLogistics
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.
January 4, 2019BusinessLogistics
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.
January 4, 2019GovernmentBusinessTechnologyEquipmentSafetyFuelLogisticsAutonomous
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.
January 4, 2019BusinessLogistics
Seko Logistics Acquires GoodShip International
Seko Logistics, a supply chain solutions provider, has acquired GoodShip International Inc. The move marks Seko鈥檚 first full acquisition of another independent freight forwarding specialist in its 42-year history, the company stated in a Jan. 3 press release.
January 4, 2019BusinessLogistics
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.
January 4, 2019BusinessLogistics
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.
January 4, 2019BusinessLogisticsTop 100
Moving Company Study Shows More Residents Left New Jersey Than any Other State in 2018
A study by United Van Lines has revealed that Americans are moving west and south, according to a Jan. 2 press release.
January 4, 2019