After experiencing record sales growth during the COVID-19 pandemic, digital freight brokerage Surge Transportation says it was forced to file for bankruptcy protection as it was unprepared for the abrupt decline in product demand and soaring shipping costs that rocked the transportation industry in April 2022. Surge Transportation, headquartered in Jacksonville, Florida, filed its bankruptcy…
PS Logistics subsidiary P&S Transportation announced Tuesday it has acquired Jacksonville, Florida-based asset-based trucking and brokerage Rinaudo Enterprises. Rinaudo has a fleet of 56 tractors and 75 trailers hauling oversize loads throughout the U.S. Southeast and Midwest for the construction, agriculture and forestry industries. Its asset-based operations are known as Ringo Specialized Hauling. Financial terms…
A new cargo airline based in the United Kingdom kicked off operations Monday with a single freighter and the prestige of being the only Boeing 747 operator in the country. A freight recession would seem to be an inopportune time to launch a single-aircraft airline, but the founders of One Air sound confident the venture…
UPS Inc. and the Teamsters union reached a tentative five-year contract Tuesday morning, averting, at least for now, a possible Aug. 1 strike that could have crippled the U.S. economy. Under the agreement, 7,500 full-time Teamsters jobs will be created and 22,500 open positions will be filled, according to a Teamsters statement. Existing full- and…
GM has announced its CAMI Assembly plant in Ingersoll, Ont., will begin producing battery modules for electric vehicles in the second quarter of next year. The battery packs will increase […]