Ceva Logistics Board Rejects Stock Buyout Bid by CMA CGM
Ceva Logistics’ board of directors has recommended that shareholders reject a tender offer from CMA CGM to buy all of the publicly held shares of stock in the Swiss company, saying the price of 30 Swiss francs per share is too low.
January 29, 2019Fleets Eye Camera Systems to Replace Mirrors
Camera monitor systems designed to replace a truck’s conventional side mirrors are getting favorable reviews from drivers, according to executives at fleets that are testing the new technology, which also recently received a nod of approval from federal regulators.
January 25, 2019FedEx Express Agrees to Buy International Business From Israeli Firm
FedEx Express is acquiring the international express delivery business of Flying Cargo Group, a company based in Israel that has been a service partner with FedEx since 1990, company officials announced Jan. 15.
January 25, 2019Ryder Expands Truck-Sharing Platform to South Florida
Ryder System Inc. announced it has expanded its digital truck-sharing platform, Coop by Ryder, to South Florida.
January 24, 2019UPS Expands Keyless Apartment-Building Entry That Started in NYC
United Parcel Service Inc. is expanding a keyless-entry system for package deliveries at apartment buildings after a successful test in New York and San Francisco.
January 22, 2019Oaktree Capital Invests $450 Million in Rail Transportation Firm Watco
Oaktree Capital Management is investing $450 million and forming a strategic partnership with Watco Cos., a privately owned company that provides a broad range of rail transportation services in North America and Australia.
January 16, 2019YRC Worldwide Provides Mixed Initial Look at 4Q Earnings
YRC Worldwide Inc., a holding company for less-than-truckload carriers, in its initial look at fourth-quarter results forecast flat operating revenue with operating income possibly coming in more than twice as high as a year earlier.
January 14, 2019Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business
Shareholders of Roadrunner Transportation Systems, who have seen the value of their holdings plummet following a finance scandal that led to the dismissal of several top executives more than a year ago, are being given a chance to buy more stock — 900 million shares to be exact — at 50 cents a share as part of an effort by new management to recapitalize the business.
January 9, 2019J.B. Hunt Moves Aggressively Into Final-Mile Sector With Purchase
In an effort to strengthen its position in the growing final-mile trucking sector, J.B. Hunt on Jan. 8 announced it is purchasing Cory 1st Choice Home Delivery for $100 million.
January 9, 2019Teamsters Exchange Contract Proposals with YRC, Holland and New Penn
After working for eight years under a series of contract extensions, less-than-truckload carrier YRC Freight and its two regional operations have opened contract negotiations with the International Brotherhood of Teamsters.
January 9, 2019