For-Hire

Forward Air’s board will undertake a review of the asset-light transportation and logistics services provider’s strategic alternatives, including a sale of the company and other options.

Atlas Canada acquired Mississauga, Ontario-based customs brokerage Orbit Brokers for an undisclosed sum, the Atlas World Group unit said.

Pittsburgh-based Pitt Ohio plans to merge Midwest-focused Sutton with its existing Dohrn Transfer LTL unit after an initial period of operating the two separately.

Shares in companies that are spun off from existing firms tend to outperform the S&P 500 by an average of 10% over the subsequent 18-24 months, data compiled by Trivariate show.

UPS Inc. has been quietly building a health care empire to offset stagnating revenue in its core package delivery business.

Wall Street analysts offered overall positive initial reactions to the Dec. 19 news that FedEx Corp. plans to by 2026 spin off its LTL division into a separate, publicly traded company.

The Memphis, Tenn.-based transportation services company on Dec. 19 reported net income of $740 million, or $3.03 a diluted share, for the three months ending Nov. 30.

FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.

Oral arguments on dispositive motions related to the claims by 11 pension funds are now set to take place at a Jan. 28 hearing at the Delaware Bankruptcy Court.

Trucking experts say getting drivers to buy in to advanced driver assistance systems technology is key to making sure it is being correctly used.