North American to Buy Allied From NFC for $450 Million
In a deal that brings together the second- and third-largest movers in the United States, the owner of North American Van Lines agreed to acquire Allied Van Lines and other moving services from London-based NFC Plc. for $450 million in cash and stock.
Nasstrac Criticizes LTL Rate Hikes
Rate increases posted by less-than-truckload carriers in recent weeks are drawing flak from an organization representing LTL and package shippers.
United Shipping Buys Courier
A Minnesota-based company that manufacturers package shipping kiosks and recently started its own courier business has agreed to buy Corporate Express Delivery Systems.
Nasstrac Raps LTL Rate Hikes
Rate increases posted by less-than-truckload carriers in recent weeks are drawing flak from Nasstrac, a organization representing LTL and package shippers.
Hunt to Separate TL, Intermodal Units
J.B. Hunt Transport Services says it will separate its intermodal operations from its truckload van business in an effort to minimize the impact of continuing rail service failures.
United Shipping Buys Courier
United Shipping & Technology of Minneapolis, which recently started its own courier business, has agreed to buy Corporate Express Delivery Systems.
Safest Companies Realize a Payoff From Their Efforts
Every decision a trucking executive makes — from who is sitting behind the wheel of a rig to the kind of equipment purchased — can have an impact on safety.
WorldPoint Buys Expedited Unit
WorldPoint Logistics, formed last year to acquire businesses that serve key segments of the logistics supply chain, acquired the assets of Corporate Express Delivery Systems-Expedited for an undisclosed amount.
Safety Seen the Measure for Insurers
Most insurance companies rely on the number and cost of accidents to set rates for trucking companies, but some question that criteria as an adequate measure of safety.
Trism Announces Debt Agreement
Trism Inc. of Kennesaw, Ga., announced an agreement with bondholders to exchange $86.2 million in debt for a combination of new debt and stock.