J.B. Hunt Transport Services Inc. acquired the assets of RDI Last Mile Co. on Dec. 31, marking the company’s latest purchase of a final-mile service.
January 2, 2020Search
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NFI Acquires G&P Trucking Co.
Supply chain services provider NFI announced it completed the acquisition of G&P Trucking Co. Inc., a logistics provider specializing in asset-based transportation, port drayage and non-asset brokerage solutions in the Southeast.
December 30, 2019Amazon Is Its Own Biggest Mailman, Shipping 3.5 Billion Parcels
As Amazon.com works to speed orders to customer doorsteps before Christmas, the e-commerce giant is touting an accomplishment that would have seemed absurd just a few years ago: Amazon is now its own biggest carrier.
December 19, 2019FedEx’s Q2 Earnings Tumble, Even More Than Wall Street Expected
FedEx Corp. reported lower-than-expected second-quarter fiscal year 2020 earnings Dec. 17, missing Wall Street analysts’ expectations.
December 17, 2019Bankruptcy Judge OKs Plan to Keep Celadon’s Taylor Express Operating
Celadon Group has been authorized by a bankruptcy court to spend $1.2 million before Jan. 3, 2020, to maintain operations for Hope Mills, N.C.-based Taylor Express Inc. — the last of its operating units that is still in business — while it pursues a sale of the company.
December 16, 2019Amazon Cuts Off FedEx Ground for Prime Shipments This Holiday
Amazon.com says FedEx Corp.’s delivery performance is slipping and will no longer let third-party merchants use the company’s ground delivery network for quick Prime shipments through the holidays.
December 16, 2019Mesilla Valley Transportation to Use VeloCare for Technology Deployment
Mesilla Valley Transportation will begin using VeloCare, a technology-monitoring and repair service by Velociti Inc.
December 16, 2019Forward Air to Acquire Linn Star for $57.2 Million
Forward Air Corp. will acquire Linn Star Holdings Inc., Linn Star Transfer Inc. and Linn Star Logistics, a privately held final-mile provider, for $57.2 million, according to a Forward Air news release Dec. 12.
December 16, 2019XPO to Close Missouri Logistics Facility, Wiping Out 166 Jobs
HAZELWOOD, Mo. — A logistics facility will close here, eliminating 166 jobs, according to a notice filed with the state.
December 13, 2019Celadon Files for Bankruptcy, Shuts Down
Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.
December 9, 2019