Schneider, the Green Bay Trucking Giant, Expands with the Acquisition of a Massachusetts-Based Dedicated Hauler
💰 Schneider, the Green Bay Trucking Giant, Expands with the Acquisition of a Massachusetts-Based Dedicated Hauler.
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. The acquisition includes M&M's fleet of 500 trucks and 1,900 trailers located at 12 locations in the Northeast, Midwest, and Southwest regions of the United States. With this acquisition, Schneider aims to achieve its goal of generating $1.5 billion in dedicated freight sales annually and deploying 6,500 dedicated trailers. The deal will enable Schneider to offer specialty solutions for retail and manufacturing customers, enhancing its service offerings in the logistics and freight industry. M&M Transport, founded in 1990 by Mark R. Warsofsky, operates out of several terminals in Massachusetts, Connecticut, Indiana, Rhode Island, Pennsylvania, and Arizona. Both Schneider and M&M Transport value customer service, making the acquisition an exciting opportunity to leverage the strengths of both companies and deliver enhanced value to customers and stakeholders.
A proposed bill, dubbed the Fair Compensation for Truck Crash Victims Act, could significantly impact the trucking industry by raising the minimum liability insurance from $750,000 to $5 million—a hefty 566% increase.
XPO Logistics started 2024 on a high note, surpassing first-quarter forecasts and demonstrating robust financial performance.
Los Angeles is reimagining about 3,229 acres near its harbors—connecting communities like San Pedro and Wilmington—to boost transit, pedestrian areas, and clean industrial uses, aiming for a healthier environment.
The Supreme Court is set to hear a significant case involving Douglas J. Horn, a commercial truck driver who lost his job after testing positive for drugs.
Landstar System, a logistics company, shared a mixed bag of results in their recent earnings call, staying optimistic despite a tough market.
J.B. Hunt Transport Services didn't quite hit the mark this quarter, with earnings per share landing at $1.22, below the expected $1.50.
In March, the freight sector didn't quite hit the usual spring upswing, with the Cass Freight Index reporting that both shipments and expenditures mostly mirrored February's figures, falling short of typical seasonal patterns.
For those of us in the transportation and logistics industry, the recent tragic incident in Brenham, Texas, where a man drove a stolen 18-wheeler into a Department of Public Safety (DPS) office, serves as a stark reminder of the critical importance of security and mental health support in our field.
Over the past few weeks, the freight and logistics industry has witnessed significant layoffs across several states including Florida, Georgia, Illinois, Michigan, and Texas.
The Federal Motor Carrier Safety Administration (FMCSA) has proposed a rule to simplify the process for obtaining a Commercial Driver’s License (CDL), aiming to address the driver shortage in the trucking industry.
The Biden administration just rolled out a regulation that’s all about boosting the sales of electric or zero-emission heavy vehicles, like school buses and cement mixers.
A recent safety report by the U.S. Postal Service's Office of Inspector General (OIG) suggests lax oversight of contracted trucking companies, brokers, and drivers may contribute to accidents and fatalities on American highways.
Nikola Corporation (Nasdaq: NKLA) recently opened its first HYLA high-pressure modular refueling station in Southern California, marking a significant step in zero-emissions transportation.
In a significant ruling, a federal judge in California rejected a challenge against the state's independent contractor law, AB5, from the trucking industry.
Approximately 116,000 Peterbilt and Kenworth semi-trucks were recalled due to issues with improperly crimped connectors in the gear shifter. T
A trucking company in Minnesota went up in flames due to a significant fire ignited by a smoking semi truck on Tuesday afternoon.
Federal regulators are mulling over an exemption request from a truck driver, Arbert Ibraimi, who argues that spending money on other safety measures would be more beneficial than investing in Electronic Logging Devices.
Rising insurance costs are causing many trucking companies to call it quits, leading to a hyper-competitive market for insurers.
A California-based freight forwarder, Boateng Logistics, has filed for bankruptcy liquidation, leaving trucking, logistics, and factoring companies owed millions.
Nikola made waves with its hydrogen fuel cell electric semi trucks hitting North America, and Biagi Bros. Logistics showcased their new Nikolas on social media shortly after.
Flexport has launched The Convoy Platform, a technology solution aimed at providing small carriers with access to freight while offering real-time competitive rates, shipment visibility, and on-time performance to shippers and brokers.
Some Trump-supporting truckers are boycotting deliveries to New York City following the former president's $355 million fraud fine.
The Federal Motor Carrier Safety Administration (FMCSA) is requesting lease agreements from truck drivers, especially if they suspect predatory or fraudulent terms.
Companies have invested nearly $2 billion to acquire terminal assets from Yellow, comprising 128 properties and 25 leases.
An Ohio trucking company owner confessed to wire fraud in a federal court for participating in a scam that cheated shippers, including Amazon and Bath & Body Works.
Hydrogen - the lightest element - is being touted as a promising clean fuel for the future, particularly in the automotive industry.
Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.
Salt Lake Trucking Group (SLTG) was found guilty of fraud charges following reports by Gephardt Daily that the company received $108 million from FedEx through deceptive practices over the past ten years.
Federal regulators are moving forward with plans to create rules safeguarding women and minority truckers from sexual harassment and assault.
House lawmakers have passed the Mail Traffic Deaths Reporting Act of 2024, directing the U.S. Postal Service to create new rules for tracking crashes involving its trucking contractors.