U.S. private equity firm Platinum Equity is considering a sale of logistics firm Livingston International amid growing investor appetite in the sector, according to people familiar with the matter.
September 1, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Platinum Considers $1 Billion Canadian Logistics Firm Sale
FMC's Carl Bentzel Worries Port Congestion May Impact Peak Shipping Season
With the increasing number of cargo ships on the Atlantic and Pacific coasts waiting to be unloaded nearing 150, Federal Maritime Commission member Carl Bentzel believes the upcoming peak season for retailers could be extremely challenging.
Locomation to Begin Runs With Oklahoma Carrier
Autonomous truck developer Locomation announced an eight-year agreement with El Reno, Okla.-based Stevens Trucking Co. to provide the carrier with its human-guided Level 2 autonomous relay convoy turnkey system.
Autonomous Truck Firm Gatik to Begin Deliveries in Dallas
Gatik, a California-based autonomous trucking company, will begin a Dallas route in partnership with century-old business equipment firm Pitney Bowes.
Colonial Freight to Close after Nearly 80 Years
After running and owning a trucking company since 1943, the McBride family says it’s time to close the business.
Port of Port Arthur Plans for $20 Million Expansion in 2023-24
Port of Port Arthur, Texas, will receive $13.6 million in a federal USDOT grant that port officials say will significantly upgrade the East Texas facility during the next year.
Containership Backlog Outside L.A. Ports Is Almost Cleared
The number of containerships headed for the California ports of Los Angeles and Long Beach — a traffic jam that once symbolized American consumer vigor during the pandemic — declined to the lowest level since the bottleneck started to build two years ago.
Three of 12 Rail Unions Announce Tentative Deal
OMAHA, Neb. — Three of the 12 unions negotiating with the nation’s biggest freight railroads have reached a tentative deal that will deliver 24% pay raises, in line with what a special presidential panel of arbitrators recommended earlier this month to resolve the stalemate before a strike could happen.
Congestion Tolling Likely in New York City Business District
New York City officials are exploring congestion-based tolling scenarios to fund mass transit that could see commercial trucks charged $82 for a one-way drive through the business district.
White Glove Delivery Allows Trucking Companies to Increase Services
The COVID-19 pandemic and its lingering effects have forced some innovations in the industry, including in the last-mile delivery segment. In that segment, the service of “white glove” delivery has become a viable growth center for trucking companies.