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Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
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.
Are you paying attention to the issues unfolding with Forward Air & Omni Logistics merger deal? With legal battles and shareholder disputes, we've got the rundown.
Amid evolving market dynamics, Schneider National and Titanium Transportation announce significant acquisitions, marking growth in the sector.
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