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Plus: trucking attorney warns carriers and brokers to tighten compliance, tariffs take a toll on U.S. import volumes, semi-truck orders plunge 44%, and more.
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CSX faces rising investor pressure for consolidation while launching new intermodal services with BNSF, fueling speculation of coast-to-coast rail mergers after Union Pacific’s $71.5 billion Norfolk Southern deal.
The European unit could potentially fetch around $2 billion, based on industry estimates.
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.
RXO shares jump on UPS Coyote acquisition. Analysts boost price targets, but concerns linger over leverage and integration challenges.
Rather than trying to play in all aspects of freight, including LTL, FTL, asset-based carriers, etc, Tomé wanted to focus on consolidating UPS to what they do best: Parcel Delivery.
Freight carrier Forward Air cuts 150 employees across sales, tech and C-suite after debt-laden Omni Logistics acquisition.
Forward Air's shareholders file a class action complaint over the $2.1B Omni merger, alleging they were denied a vote. Get the latest updates here.
Flexport relaunches Convoy Platform, dispatching 200 truckloads on its first day.
The backdrop to this acquisition is the ongoing freight recession, which has persisted over the last two years.
Ryder System expands its operations by acquiring Cardinal Logistics, enhancing its dedicated transportation services.
After legal disputes, Forward Air closes the Omni Logistics acquisition for $2.1B. Details on the revised deal and shareholder impact.
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