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The post FreightWaves Infographics: Mexico’s Isthmus of Tehuantepec railway delivers first load appeared first on FreightWaves.
JD Logistics, the logistics arm of China’s largest retailer by revenue JD.com, is adding four additional Boeing 737-800 converted cargo aircraft to its private fleet to support growing demand for e-commerce and express delivery in, and around, China. AerCap, the world’s largest aircraft lessor, announced Tuesday that it will deliver four used 737-800s, modified from…
Radiant Logistics said it has acquired transportation and logistics provider Foundation Logistics & Services. Humble, Texas-based Foundation is a 10-year-old logistics services provider to companies focused on the exploration, drilling and production of oil and gas. It specializes in the global transport of hazardous materials, explosives and oilfield equipment. Financial terms of the transaction were…
Third-quarter earnings at 3PL giant RXO included just two weeks’ worth of finances from the Sept. 15 closing of its acquisition of Coyote Logistics. But RXO’s management likes what it has seen enough so far that it made a significant change in projections of how the acquisition will impact the combined companies. One group that…
NEW YORK — Greg Gantt, the CEO of Old Dominion Freight Lines, has led countless earnings calls and presentations to buy-side analysts in his career. On Wednesday, he did his final one. At the UBS Industrial and Transportation conference, Gantt spoke before a small audience of money managers one last time before he moves into…
DSV A/S, the third-largest global logistics provider by revenue, announced plans Tuesday to acquire two Arizona-based logistics companies owned by the same family to support its new market focus on the semiconductor industry and cross-border services to Mexico and Latin America. The Danish transport and logistics company said it reached an agreement to take over…
While the August demise of less-than-truckload carrier Yellow Corp. monopolized headlines in both mainstream and industry media in 2023 after the 99-year-old trucking firm filed for Chapter 11 bankruptcy protection — the largest filing in U.S. trucking history — a number of smaller trucking companies and brokerages also called it quits or sought bankruptcy protection…