Logistics
Estes Express Lines and R+L Carriers affiliate Ramar Land Corp. said they will pay US$192.5 million for eight owned properties and four leased terminals from the administrators of Yellow Corp., the bankrupt less-than-truckload carrier.Estes will pay US$142.5 million for seven owned and four leased terminals with a total 939 doors combined, according to Dec. 10 federal bankruptcy court filing.The seven owned properties are in Tracy, California; Fort Wayne and Jefferson, ...
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Global mid-market business leaders are relatively optimistic for 2025, despite seeing a recession as a foregone conclusion, according to a survey by U.S. accounting firm Moss Adams LLP.The 2024 Mid-Market Report, which targets owners and CEOs of businesses reporting US$50 million to US$500 million in ...
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OUTLOOK Report from Magaya
The global logistics industry may soon be faced with further disruption as U.S trade policy transitions to President-elect Trump and a new Congress in January.Already, announcements of proposed tariffs and regulatory shifts are causing concern about their impact to global supply chains, ...
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DAT Freight & Analytics, which operates DAT One, the truckload freight marketplace, and DAT iQ, the freight data analytics service, said Dec. 17 that it acquired Trucker Tools, a carrier-forward capacity sourcing and load-tracking solution.DAT, the Beaverton, Oregon-based business unit of Roper Technologies, said the ...
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U.S. trucking companies were T-boned by US$165 billion in nuclear verdicts, or jury awards of more than $10 million, in 2023, according to a report from Marathon Strategies.Overall, U.S. juries ordered companies in 47 different industries to pay a nuclear verdict last year, in a ...
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Swift Navigation, a provider of positioning technologies, and CHC Navigation, a global navigation satellite systems, or GNSS, services provider, have joined forces .The partnership intends to integrate Swift’s Skylark Precise Positioning Service with CHC Navigation’s GNSS receivers, delivering reliable and cost-effective centimeter-accurate positioning to unlock ...
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Global logistics provider GEODIS announce its new strategic plan, Ambition 2027, to project the group into the future, while building on its achievements and continuing to focus on providing customers “innovative, sustainable and ethical logistics.”A continuation of the previous plan covering the period from 2018 ...
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Descartes Systems Group, the Canadian software-as-a-service solutions provider, report strong results for its fiscal third quarter ended Oct. 31, as it assimilates two acquisitions from the previous quarter.Revenue for the quarter ended Oct. 31, was US$168.8 million, up 3 percent from the third quarter of ...
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FIFA has selected critical logistics company Rock-it Cargo as the Official Logistics Provider of the FIFA World Cup 26, the tournament set to take place across 16 host cities in Canada, Mexico and the U.S., from June to 11 to July 19, 2026.Rock-it Cargo, a ...
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DHL Supply Chain is deploying a suite of generative artificial intelligence applications to enhance its data management and analytics capabilities, aiming to provide greater insights and direct value for customers.Developed with the support of Boston Consulting Group, DHL Supply Chain said its strategic initiative marks ...
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