The Greenwich, Conn.-based company is working with financial advisers, said sources who asked not to be identified because the details aren’t public.
October 11, 2024Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Airfreight Forwarders
No rankings are available for this year.
Extras
GXO Considering Sale Amid Interest From Potential Buyers
MCE 2024 to Showcase Trucking’s Importance
American Trucking Associations will stress the importance of professional drivers as part of its 2024 Management Conference & Exhibition in Nashville, Tenn.
Femsa Offloads Logistics Operations to Grupo Traxion
Mexican behemoth Fomento Economico Mexicano has agreed to sell logistics operations to Mexican trucking firm Grupo Traxion for $205 million as the conglomerate continues to shed assets.
DOD Marches on With $17.9 Billion Moving Contract
Despite continuing concerns voiced by some large movers, military officials are advancing efforts toward interstate implementation of the $17.9 billion Global Household Goods contract.
NMFTA Launches Benchmarking Program for LTL Industry
On Oct. 1, the National Motor Freight Traffic Association held its first meeting for a new benchmarking group aimed at boosting efficiency through shared insights.
Experts Predict Busy but Similar Peak Shipping Season
As holiday shoppers gear up for an earlier start to the season, transportation experts predict a bustling peak period that mirrors last year’s activity.
WTO Predicts 3% Rise in Merchandise Trade in 2025
Global goods trade in 2025 will grow less then initially forecast, the World Trade Organization said, as rising instability weighs on economic activity and threatens to disrupt shipping.
River Horse Logistics Purchases 3PL Lynx Logistics
River Horse Logistics will buy third-party logistics provider Lynx Logistics for an undisclosed sum, the companies said.
Amazon Unveils AI Tool to Help Drivers Find Packages Faster
Amazon.com Inc. unveiled a new artificial intelligence tool designed to help drivers locate packages in cluttered vans.
Hub Group: Easo Deal Forms Largest US-Mexico Intermodal Firm
Hub Group will team up with Mexico City-based Easo in a cross-border and intermodal joint venture, the companies said Oct. 8.