Audax Private Equity Acquires MNX Global Logistics
MNX Global Logistics, a company that arranges for expedited delivery of pharmaceuticals and other high-value goods, has a new owner. Boston-based Audax Private Equity announced July 10 the acquisition of MNX from The Riverside Co.
Sirva Acquires Amsterdam-Based Team Relocations
Sirva Inc.’s first move since being acquired by the private equity investment firm Madison Dearborn Partners is to expand its moving and storage business in Europe with the purchase of Team Relocations, a relocation and move management company based in Amsterdam.
Hub Group Explores 'Strategic Alternatives' for Freight Brokerage Unit
Hub Group is exploring a possible sale of Mode Transportation, an operating unit that provides truck and rail freight brokerage and logistics services.
XPO Logistics Posts Record Results in Second Quarter
XPO Logistics posted its best-ever second quarter as a strong economy generated demand for freight hauling and logistics services, and the company was able to capitalize on a shift toward greater outsourcing of transportation by shippers.
Booming Freight Market Boosts C.H. Robinson Profits, Revenue
Truckers aren’t the only ones benefiting from strong freight-hauling demand.
Tank/Bulk Carriers See Gains and Losses
Carriers in the tank/bulk sector posted modest gains in revenue as firms dealt with positive and negative market trends. Higher prices slowed demand for fuel shipments, while increases in oil and gas drilling and production of petrochemicals boosted demand for tankers.
CDL Training Gives C.R. England Executives Insight From Behind the Wheel
More than three dozen managers and front-office employees at C.R. England Inc. have taken classes to earn a commercial driver license at the request of CEO Chad England, who said he believes the experience of learning to drive big rigs will help the company be more responsive to the needs of drivers.
Reimagining Trucking
The nation’s largest for-hire carriers are embracing new technologies and doing more to foster innovation with the goal of reducing the cost of moving freight and providing new service capabilities.
2018 Top 100 For-Hire Carriers: Acquisitions, Growth Boost Rankings
There were big gains all around for the nation’s largest for-hire carriers, some driven by acquisitions and some by expansion in response to vigorous growth in demand for freight hauling.
Legends of LTL Gather to Remember Achievements
PITTSBURGH — Charles Hammel III says he owes much of his family’s success in the trucking business to those who came before he and his brother Robert established Pitt Ohio Express in 1979.