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Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, has entered into an agreement to purchase MWCold, which operates more than 545,000 square feet of warehouse space at two facilities in central Indiana. Terms of the transaction were not disclosed. The MWCold Indianapolis warehouse is…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Kuehne+Nagel is expanding in Texas to meet rising manufacturing demand; Canadian government opens cross-border trade office in Arizona; China-based automotive supplier opens factory in Aguascalientes, Mexico; and new 500,000-square-foot logistics hub being constructed near Dallas. Kuehne+Nagel…
After months of acrimony between the California Air Resources Board (CARB) and the Engine Manufacturers Association (EMA), the two have agreed to flexibly implement the state’s toughest-in-the-nation emissions rules — even if someone else sues to stop the regulations. The Advanced Clean Truck Rule, which would remove internal combustion engines from California roads by 2045,…
Murray Droescher TransAm Trucking has named Murray Droescher as the new president of TransAm Trucking and executive vice president of Jacobson Holdings. In this role, Droescher will lead the strategic operations of the refrigerated freight company, according to a Tuesday news release. “Murray’s deep understanding of our organization and his proven track record of driving…
Freight pundits have spent plenty of time over the last few months wondering when conditions would improve. In the first quarter, despite that initial glimmer of hope in the beginning, capacity remained too high for demand. That pushed rates further downward and contributing to big-ticket acquisition and bankruptcy news within trucking. It did not help…
Supply chain activity slid to an all-time low for a third straight month in May, according to data compiled in the Logistics Managers’ Index (LMI). A Tuesday report aggregating responses from supply chain executives showed the index stood at 47.3, the first reading in contraction territory for the 6.5-year-old data set. The mark was 3.6…