Delivered buys $100K in assets from defunct Point Pickup Technologies

Strongsville, Ohio-based parcel shipping company Delivered recently agreed to purchase virtually all assets from Point Pickup Technologies, months after the company closed due to bankruptcy. According to an acquisition agreement approved by a Miami-Dade County Circuit Court judge on June 10, Stamford, Connecticut-based Point Pickup Technologies agreed to sell $100,000 in company assets to Delivered….

NFI CEO Brown indicted in sweeping New Jersey case against political giant

NFI CEO Sidney Brown, a member of the family that has owned the truckload carrier for more than 90 years, was indicted this week as part of a broad investigation of a major New Jersey power broker. While NFI is not a target of the investigation, the indictment says the truckload carrier received more than…

PayCargo collects $16M from CargoSprint in FreightTech trademark case

PayCargo, a multimodal freight payment platform, said Tuesday it has collected $16.4 million after the 11th U.S. Circuit Court of Appeals in April upheld a lower federal court decision sanctioning rival CargoSprint for breach of contract and unauthorized use of PayCargo’s federal trademarks. A judge in the U.S. District Court for the Southern District of…