Dallas-based Mode Transportation and SunteckTTS Inc. have reached an agreement to merge the two transportation and logistics companies under the Mode branding, generating more than $2 billion in annual revenue, according to a release.
November 19, 2019Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
No rankings are available for this year.
Extras
Logistics Firm Mode Reaches Agreement in $2.3 Billion Merger With SunteckTTS
Global Shipment Giant DHL Says Worst Is Over for Trade, Brexit
The worst may be over for global trade as tensions over Brexit and the U.S.-China relationship show signs of easing, according to John Pearson of DHL Express.
Commodity Shippers Struggle to Obtain 2020-Compliant Fuel
Ships are struggling to obtain the fuels they need to test them in time for the start of sweeping environmental legislation that takes effect in six weeks’ time, a situation that could ultimately result in vessels having to temporarily halt trading.
Convoy to Expand Services After $400 Million in New Funding
Convoy’s intentions for putting a recent $400 million package of additional investment capital to work are straightforward — keep expanding its digital freight business through more machine learning, more automated loads, and more drop-and-hook arrangements.
Yamato Transport Rolls Out Electric Vehicles for Parcel Delivery Near Tokyo
Yamato Transport Co. unveiled on Nov. 19 what it says is a greener, compact, driver-friendly electric truck that may offer hope for coping with the acute labor shortage in Japan’s door-to-door parcel delivery industry.
New AAPA CEO Chris Connor Jumps Into US-China Trade Dispute
Chris Connor, the new president and CEO of the American Association of Port Authorities, knows his way around shipping after nearly 40 years in the industry, but his challenge now is to learn the perspective of port operators and government agencies regulating the facilities.
XPO Robots Assist UK Workers With Holiday Volumes
XPO Logistics has increased its use of robots in the United Kingdom in anticipation of holiday retail volumes, the Connecticut-based company said in a Nov. 19 news release.
November 19, 2019Ike Maintains Automation Will Add Truck Driving Jobs
Automated trucks developer Ike has a message for those behind the driver’s wheel of an 18-wheeler now: Automation can be complementary, not competitive.
New Intermodal Facility Planned Near Portland
PORTLAND — In about the same amount of time it takes for an office coffee break — 25 to 30 minutes, give or take — a semi-truck pulls into Northwest Container Services.
New BUILD Grants Address Freight Movement Needs
The U.S. Department of Transportation’s latest round of BUILD discretionary grants includes projects that specifically address key freight routes.