A 92-year-old trucking company, Arnold Transportation Services of Grand Prairie, Texas, ceased operations recently and filed for Chapter 7 bankruptcy liquidation. Three affiliated companies — Parker Global Enterprises, Parker Transport Co. and DVP Holding Corp. — also filed for Chapter 7 liquidation in the U.S. Bankruptcy Court for the District of Delaware. In February 2022,…
Gulf & Atlantic Railways LLC announced on Wednesday that it is rebranding as Pinsly Railroad Co. The name change comes after the October 2023 acquisition of Pioneer Valley Railroad, the final railroad company owned by Pinsly. Pinsly Railroad Co. is the second-oldest short-line railway holding company in North America, dating back to 1938. In a…
Every year the Commercial Vehicle Safety Alliance conducts International Roadcheck. This year, it’s scheduled for May 14-16 across Canada and Mexico as well as the U.S. The program typically has one main focus each year in addition to making sure vehicles are roadworthy. But this year, the CVSA has chosen two focus areas, in addition…
The cargo subsidiary of Lufthansa Group had an adjusted operating loss of $23.5 million in the first quarter, down from $166 million in the same 2023 period as strikes by cabin and ground staff negatively impacted performance. The company also attributed the loss to inflation and a challenging market environment, although in reality conditions for…
Logistics real estate operator Link Logistics signed 696 new and renewing leases in the first quarter, representing 17.8 million square feet of space. In the fourth quarter, it inked deals covering 23.4 million square feet. Link Logistics’ portfolio was 94.6% leased in the first quarter, which was 160 basis points lower than in the fourth….