Plus: U.S. imports slow as tariffs bite, Mexico slaps 50% tariffs on Chinese goods, UP–NS defend their $85B merger amidst rival alliances, and more.
Union Pacific and Norfolk Southern say rival alliances prove their merger will strengthen competition, as CSX and CN tout new intermodal services linking Canada’s West Coast to Nashville.
Mexico plans tariffs of up to 50% on Chinese goods, reshaping North American trade flows as C.H. Robinson rolls out a new U.S.–Mexico consolidation service to cut costs.
FitzMark + Hometown Logistics: acquisition expands dry van/flatbed capacity and 3PL services nationwide with Calera Capital backing.
Truckstop.com acquired fintech firm Denim to expand AI-driven invoice automation and faster factoring options for carriers and brokers, aiming to improve cash flow and streamline back-office operations.
Union Pacific’s $85 billion Norfolk Southern merger and Hub Group’s $51.8 million Marten Intermodal deal signal major shifts in U.S. freight, raising questions on competition, costs, and capacity.
Union Pacific and Norfolk Southern are in early potential merger talks
US Foods eyes acquisition of Performance Food Group in potential $100 billion merger.
Cambridge Capital merges Everest Transportation Systems with Simple Logistics to form a freight brokerage leader, combining reefer expertise with tech-driven operations.
With finalization of Coyote acquisition, RXO boosts revenue by nearly $4 billion, unlocking new market opportunities and expanding business growth potential.
Platform Science acquires Trimble's telematics business, promising more apps and better fleet tech, expected to be a historic freight tech deal.
RXO's $500M stock offering powers its acquisition of Coyote Logistics, expected to close by September 20, 2024.
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."
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.
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