Plus, a CSX train collides with a semi hauling a military tank in South Carolina, a truck driver is awarded $160M in a lawsuit over a defective truck, and Truckstop announces another round of layoffs.
Alabama jury rules against Daimler Truck NA in a $160M verdict for a truck driver injured due to alleged defective cab and seat design.
ATRI study shows 39% of truck deliveries face costly delays. Industry loses $15B annually.
GLS Group divests US freight divisions to DC Logistics, focusing on parcel services. Deal closes Sept. 1, 2024. DC aims for top 20 LTL carrier status.
Big news: GLS Group is selling its US freight divisions to DC Logistics. Here's what you need to know:
This move reshapes GLS's US strategy and boosts DC Logistics' market position.
GLS's Perspective: Saadi Al-Soudani, GLS Group CIO, states:
"This sale marks an exciting milestone for GLS as we focus on expanding our core US domestic and international parcel offerings."
DC Logistics' Take: CEO Judas Castro sees this as a game-changer:
"This is a significant step to accelerate our journey to become a top 20 less-than-truckload carrier in the United States."
DC Logistics aims to crack the top 20 LTL carriers with this acquisition.
This deal could spark further consolidation in the freight sector as companies streamline operations.
Stay tuned for more updates as this story develops.
Source: Parcel and Postal Technology International
RXO's $500M stock offering powers its acquisition of Coyote Logistics, expected to close by September 20, 2024.
The European unit could potentially fetch around $2 billion, based on industry estimates.
Haney and White acquires B.R. Williams, forming BRW. $100M revenue, 300+ employees, targeting $250M by 2030. Aiming to be major player in Southeast logistics.
"With the acquisition of MercuryGate, Körber Supply Chain Software is poised to offer an unparalleled combination of advanced technology and deep industry expertise."
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