Search results
Results From The WOW.Com Content Network
Estes Express offers $1.3 billion for all of Yellow’s terminals. William B. Cassidy, Senior Editor |. A ‘stalking horse bid’ from Estes, a rival trucking company, would set a floor for any competing bids for the more than 160 properties owned by Yellow. SurfaceTrucking NewsLTL.
Forward, Omni Logistics seal long-awaited deal to merge businesses. William B. Cassidy, Senior Editor |. With an amended merger agreement, months of contentious litigation are behind the companies, clearing the way for their combined forwarding and LTL operations. SurfaceAir CargoTrucking NewsAir Cargo Forwarder NewsLTL.
Knight-Swift to buy truckload carrier U.S. Xpress for $808 million. Knight-Swift, the largest US truckload provider, will substantially expand its reach and scalability for shippers with the purchase of U.S. Xpress, the country’s ninth-largest truckload carrier.
The combined revenue of the world’s largest parcel carriers, third-party logistics providers, ocean carriers and rail, intermodal and trucking operators rose to $670.4 billion from $653.4 billion in 2011, according to SJ Consulting Group. Logistics companies — led by Germany’s $55 billion DHL, the world’s largest transportation and ...
Schneider National plans to turn to Wall Street for financing next year in an initial public offering that will restructure the largest privately owned trucking operator in the United States. “The objectives of the planned transaction are to facilitate continuity of controlling ownership of Schneider by the future generations of the Schneider ...
Schneider National, the largest privately owned US trucking company, plans to raise stock between $281 million and $359 million in net proceeds in an initial public offering company, and an additional $217 million to $242 million for other shareholders selling the carrier’s stock. The IPO will deliver a shot of capital Schneider can use for ...
Journal of Commerce rankings: Top 40 truckload carriers still weak after 2023 plunge. William B. Cassidy, Senior Editor |. The largest truckload carriers increased revenue 40% from 2020 through 2022, but their rocket ran out of fuel last year amid tumbling spot market prices, lower contract rates and falling fuel surcharges.
GlobalTranz, Worldwide Express merging amid tight freight capacity. The planned merger of GlobalTranz and Worldwide Express, creating the fourth-largest freight brokerage in North America, allows the third-party logistics providers to pool parcel, less-than-truckload, and truckload capabilities in tight surface capacity market.
Journal of Commerce rankings: Top 40 truckload carriers still weak after 2023 plunge. The largest truckload carriers increased revenue 40% from 2020 through 2022, but their rocket ran out of fuel last year amid tumbling spot market prices, lower contract rates and falling fuel surcharges.
The 50 largest U.S. trucking companies raised their combined revenue 5.5 percent last year to $106.6 billion, but expanded at a slower pace than in 2012. Truckload LTL Truck brokers NTSB Team Investigating Deadly FedEx Crash