Less-than-truckload carrier CrossCountry Freight Solutions (CCFS) said Tuesday it has acquired Express 2000 Transportation. The deal provides CCFS with three terminals in Missouri (St. Louis, Springfield and Kansas City) to go along with its roughly 50 locations in the northern and western U.S. Express 2000 Transportation also offers full truckload, volume LTL and warehousing services….
Western Global Airlines acquired more aircraft under the mistaken belief the bull rush in air cargo during the pandemic would continue, leading to a cash crunch, defaults to vendors such as Delta Air Lines and, ultimately, to Monday’s filing for federal bankruptcy protection, according to court documents. The Estero, Florida-based freighter operator will use $15.7…
Visibility is often heralded as the most important aspect of today’s supply chain, and automated solutions dominate today’s market. Most of the real-time tracking tools on the market provide automation updates in optimal conditions. When things go wrong, however, these products tend to require human intervention to get back on track. Trucker Tools’ new approach…
UPS Inc. said it experienced greater-than-expected shipment losses due to concerns about a possible Teamsters union work stoppage, with about 1 million daily packages being diverted to competitors and 200,000 additional daily parcels not entering the system because sales fell through due to shipper uncertainty. Carol B. Tomé, UPS CEO, told analysts Tuesday that she…
Hyzon Motors would consider a sale or merger to keep its global fuel cell system business alive as it awaits the outcome of a Securities and Exchange Commission probe into possible phantom sales. The spinoff of Singapore’s Horizon Fuel Cell Technologies went public via special purpose acquisition company Decarbonization Plus Acquisition Corp. in July 2021…