Trucking company Schneider National Inc. is looking to expand its role in chemical distribution through an investment in a startup that is building an online marketplace for industrial raw materials. The Green Bay, Wis.-based carrier led a Series A funding round for ChemDirect Inc. that will give Schneider a minority…
Honor Foods expands its foodservice redistribution capability through Burris Logistics’ purchase of the R.W. Zant. Honor Foods announced the expansion of its food service distribution network in the western United States through acquisition. The company’s parent, Burris Logistics, acquired Los Angeles-based R.W. Zant, which specializes in the storage and distribution…
Wingcopter, a Weiterstadt, Germany-based delivery drone manufacturer and service provider, raised $42m in Series A extension funding. The drone delivery company known for transporting medical supplies like blood and vaccines is hungry for a new direction. The round, tripling the company’s total equity raise to more than $60m to date,…
Prologis, the world’s largest owner of warehouse space, said Monday it is acquiring Duke Realty Corp. , in a $26 billion deal that will add 160 million square feet of industrial capacity to Prologis’s world-wide portfolio of 1 billion square feet. Duke Realty, headquartered in Indianapolis, Indiana, controls more than…
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired XPS Technologies, a leading provider of e-commerce multi-carrier parcel shipping solutions. XPS provides its cloud-based multi-carrier parcel shipping solutions directly to small, medium and large sized e-commerce shippers. The XPS platform helps customers…
Supply chain has been a headache for Dollar Tree over the past year. Freight costs, shipment delays, and constraints on its pricing (due to its $1 promise, which the company is backing away from with new pricing and assortment initiatives) have made for a combined hit to the retailer’s profits….
Walmart customers in six states will soon be able to have their orders delivered by drone in less than 30 minutes. Through an expansion with operator DroneUp, the big-box retailer said it will be able to reach 4 million households in parts of Arizona, Arkansas, Florida, Texas, Utah and Virginia….
Amazon Relay has a program designed to celebrate and reward the hardworking carriers who participate in the middle mile freight network. Carriers are the backbone of Amazon’s transportation network, so the Amazon Relay Rewards program was created to recognize and benefit them! Those who enroll can earn access to exclusive…
XPO Logistics Inc. has appointed Drew Wilkerson to be the CEO for the planned spin-off of its tech-enabled brokers services platform.Wilkerson will transition to the CEO role with the spin off, which the company expects to complete in the fourth quarter of this year. XPO intends to spin off its…
Barber Partners LLC, a commercial real estate developer, and Bain Capital’s Special Situations strategy (“Bain Capital”) today announced the formation of a national programmatic joint venture targeting the development of approximately 15 Class-A, state-of-the-art cold storage warehouse projects under the Chill Storage brand. The joint venture launches with the objective…
The global supply chain has monumental repercussions on the environment, causing long-term damage to ecosystems and generating record-breaking greenhouse gas emissions. But some of the world’s largest shipping companies are studying methods to reduce the footprint of their operations: Growth + Change = Opportunity! How are you going to capitalize…
Alpine Air Express, Inc., a leading regional air cargo carrier providing critical air infrastructure supporting a wide range of integrated logistics operations throughout North America, announced that it has acquired Suburban Air Freight Inc. Headquartered in Provo, Utah, Alpine is a leading Part-135 air cargo operator with a long and…
WestJet Cargo took delivery of the first of four Boeing Converted Freighters (B737-800BCF) via lease from BBAM Limited Partnership (BBAM). WestJet Cargo is the first operator in Canada to operate the B737-800BCF and the second airline in the country with a Boeing 737-800 freighter.WestJet is entering a Canadian air cargo…
Groups representing truckers, ocean carriers, terminal operators, longshore workers and other port-related businesses, many of them union-organized, argue in one of the suits that the city shouldn’t have approved the environmental impact report for the Oakland Waterfront Ballpark District Project. A $12 billion plan by the Oakland Athletics to build…
Expensive diesel prices nationwide are causing private truckers to adjust in order to continue. While most Americans are gasping at gas prices, truckers are dealing with the price of diesel. Diesel, which cost less than $4 per gallon last month, has jumped to a record high of more than $5…
Vermont is joining Kansas, Maryland, Maine, New Hampshire, Virginia, and Utah among states piloting expedited inspections with Drivewyze – making it possible to directly transmit electronic logging device (ELD) data when a truck is selected for an inspection. According to Brian Heath, President, and CEO of Drivewyze, interest and now…
Air Transport: Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest owner and operator of converted Boeing 767 aircraft, announced today that its leasing subsidiary Cargo Aircraft Management has placed a second order with Boeing (NYSE: BA) for the conversion of four CAM-owned 767-300 aircraft into Boeing Converted Freighters…
Hydrogen alternatives: CERAWeek, one of the largest and most influential global energy forums, kicked off on Monday. Global energy markets remain volatile and uncertain, the organizers said in a statement, noting that “rising geopolitical tensions and nationalism, growing trade friction, supply chain bottlenecks, economic headwinds, and the pandemic” are complicating…
The Minneapolis-based retailer Target Corp.is seeking to extend its growth push after closing out 2021 with record-high revenue. Speaking at its annual investor meeting in New York, said its plans for the year include 30 new stores — ranging from urban locations like New York’s Times Square to midsize stores…
U.S. intermodal transports, in which railroads carry containers and truck trailers, were down nearly 12% in the first six weeks of this year from a year ago, according to the Association of American Railroads, after tumbling in the second half of last year even as retailers and manufacturers rushed to…
San Francisco-based freight forwarding and customs brokerage services provider Flexport heralded a $935 million Series E investment round, with this round bringing its post-money valuation to more than $8 billion. The raise follows years of uninterrupted growth for the company, particularly in the last twelve months, with Flexport’s revenue more…
A.P. Moller – Maersk announces the intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based first, middle and last mile as well as border crossing solutions provider, specializing in the big and bulky freight segment in North America for B2C and B2B distribution models, from ATL Partners, a sector-focused…
Trucking regulators have issued new guidance that strips away confusion over CDL testing standards and could help deploy entry-level drivers faster. The Federal Motor Carrier Safety Administration is amending its regulatory guidance to clarify that the regulations do not prohibit third-party testers from administering the commercial driver’s license knowledge tests…
Landstar System, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.945 billion in the 2021 fourth quarter, a 50 percent increase over revenue of $1.296 billion in the 2020 fourth quarter. Following a record-breaking 2021 third quarter, the 2021 fourth quarter once again reset the standard as the best quarterly financial…
Two major players in the logistics industry are leading a group of companies investing millions in Phantom Auto, a fast-rising Silicon Valley company that has developed software enabling remote operation of forklifts and other material moving vehicles. Phantom Auto software makes it possible for forklifts to be remotely operated from…
