Supply chain management provider AIT Worldwide Logistics said Tuesday that it has completed its acquisition of European logistics company Lubbers Logistics Group. Terms of the transaction were not disclosed. The deal, disclosed in mid-November, adds 18 offices to AIT’s 130-location global network. It expands Itasca, Ill.-based AIT’s network to Denmark, Romania and Turkey. Lubbers also…
Following the release of its new VNL in late January, Volvo has detailed improvements to its powertrain it says contribute to the fuel efficiency improvements of the all-new truck. The […]
ArcBest saw continued volume pressure in the fourth quarter as it transitions its less-than-truckload business away from transactional shipments to loads from its core customers following Yellow’s shutdown. The mix change has been a headwind to revenue but supportive of margins. ArcBest (NASDAQ: ARCB) reported adjusted earnings per share of $2.47 on Tuesday ahead of…
Miami-based startup Global Crossing Airlines will temporarily cap growth in its new freighter fleet so it can focus limited resources on the more lucrative passenger charter business, a process that began Monday with the removal of founder Edward Wegel as CEO and chairman. Global Crossing (GlobalX) began freighter operations last summer and now has three…
Stoneridge, maker of the MirrorEye Camera Monitor System, has received a five-year extension to its exemption allowing it to replace truck mirrors with cameras and digital displays. “This exemption renewal […]