Coming off a year in which it made several significant acquisitions even as its growth in new travel centers slowed somewhat, Love’s has an aggressive plan for 2024 that might include new growth in its factoring business. In a news conference earlier this week, Love’s President Shane Wharton said the company’s plans to open about…
Mike Nichols, a truck driver based in Wisconsin, is probably one of the lucky ones. Unlike many of America’s 2.2 million truck drivers, he doesn’t waste hours of his week waiting to be loaded or unloaded. “My customers and their customers are excited to see me,” said Nichols, who mostly hauls agricultural loads rather than…
Ex-Slync CEO Christopher Kirchner was found guilty Thursday of four counts of wire fraud and seven counts of money laundering following a four-day jury trial in the U.S. District Court for the Northern District in Fort Worth, Texas. Immediately following the verdict, Kirchner, 36, was taken into custody by the U.S. Marshals Service. U.S. District…
Forward Air announced Thursday it has completed the acquisition of Omni Logistics. The transaction’s closing ends a bitter legal dispute between the two parties. A news release said the deal, which likely closed at a total purchase price of $2.1 billion, is expected to create a “category leader in the expedited LTL market.” The initial…
A former vice president at Polar Air Cargo pleaded guilty last week to participating in a scheme to defraud the company of $52 million for more than a decade. Six of nine individuals charged in the plot have presented guilty pleas so far. Polar Air Cargo is a joint venture between privately held Atlas Air…