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The post Daily Infographic: Mexico top US trade partner in November appeared first on FreightWaves.
The post Daily Infographic: Mexico top US trade partner in November appeared first on FreightWaves.
TFI International Inc. said Monday it has acquired JHT Holdings Inc., an asset-light North American transportation provider for Class 6-8 truck manufacturers. Terms of the transaction were not disclosed. The deal is expected to close in the third quarter. JHT CEO John Harrington will stay on with the company. Founded in 1933 and based in…
Forward Air has retained two prominent investment banking firms to lead a formal sales process, people close to the matter have told FreightWaves. Pressure on the expedited trucking company’s board to sell has mounted in recent weeks in the wake of a messy merger with freight forwarder Omni Logistics. An Oct. 7 letter from activist…
After two years of delays, automaker Tesla announced over the weekend the production of its first Cybertruck electric pickup at its factory in Austin, Texas. Tesla (NASDAQ: TSLA) tweeted on Saturday a photo of a Cybertruck with the message: “First Cybertruck built at Giga Texas!” Whether the achievement marks the kickoff of large-scale production of…
With the new Trump administration come expectations of regulatory changes, including potential shifts at the Federal Trade Commission, that could unlock M&A activity. These shifts could mean promising activity in retail and e-commerce, as well as greater investment in supply chains. Lower interest rates may also drive fresh investment in housing and retail, benefiting brands…
WASHINGTON — President Joe Biden’s pick to lead the U.S. Department of Labor said she is playing an active role in ongoing negotiations between West Coast dockworkers and their container terminal employers, including progress reported on Thursday. “I have been engaged with the parties and our role is to help support them to stay at…
Logistics real estate landlord Prologis said the current downturn in warehouse leasing demand will likely extend into the middle of next year as vacancies have likely not yet peaked. Management from the company noted on a third-quarter call Wednesday “a measured level of optimism” and that “customers are very engaged, but they’re just not making…