Forward Air has sold its final-mile business, Forward Air Final Mile (FAFM), to Hub Group for $262 million. FAFM, which specializes in the delivery and installation of large appliances, generated $289 million in revenue over the past year. This sale aligns with Forward Air's focus on expanding its presence in the premium less-than-truckload (LTL) market while shedding non-core assets.
Shares of UK logistics company Wincanton surged as a bidding war unfolded, sparked by a 26% higher offer from US rival GXO.
A bid to acquire the remaining assets of bankrupt Yellow Corp. might be back on track, as a ballot sent to local union heads suggests.
Ryder System is expanding its dedicated transportation services through the acquisition of Cardinal Logistics, previously owned by H.I.G. Capital.
Warren Buffett's Berkshire Hathaway has completed its acquisition of the final 20% stake in Pilot Travel Centers, a major truck-stop operator.
A federal judge has put the brakes on JetBlue Airways' acquisition of Spirit Airlines, a deal valued at $3.8 billion, stating that it would negatively impact price-sensitive consumers by removing the discount carrier from the market.
Forward Air has sold its final-mile business, Forward Air Final Mile (FAFM), to Hub Group for $262 million.
Chevron's stock decline following an earnings miss has reduced the value of its all-stock acquisition offer for Hess Corp. by approximately $6.5 billion.
Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy.
Ryder System Inc. is set to acquire Impact Fulfillment Services Holdings LLC (IFS), a company specializing in contract packaging, manufacturing, and warehousing services with a presence in 15 states.
Overstock's acquisition of Bed Bath & Beyond's intellectual property in a bankruptcy auction for over $20 million in June has proven to be a boon for the company.
CJ Logistics, South Korea's largest parcel delivery service, has entered into a strategic partnership with Japan's Ocean Network Express (ONE), a global container shipping company.
Green Bay's trucking giant, Schneider National Inc., has acquired Massachusetts-based M&M Transport Services LLC in a move to expand its dedicated division.
Redwood Logistics has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics, expanding its geographic reach and customer base.
A journalist in San Antonio reflects on the rare opportunity to befriend and gain insight from industry professionals while organizing a panel program for the Truckload Carriers Association Safety & Security Meeting.
The European Commission gave the green light to CMA CGM's acquisition of Bolloré Logistics SE, with conditions, following an investigation into potential competition issues.