News

4 Trucking News in July-August That You Can’t Afford To Miss

From important events to major decisions – the past few months were quite eventful for the trucking industry. Over here we discuss 4 most important news pieces related to the trucking industry from the month of July and August: 1. Transportation and Logistics added thousands of new jobs in July http://www.wsj.com/articles/trucking-logistics-hiring-rebounded-in-july-1470415443

XPO Adds to Deal Haul With Trucker Con-way

The purchase extends the string of transactions that have helped XPO become a powerhouse in the global logistics market XPO Logistics Inc., the acquisitive supply- chain services company, agreed to buy trucker Con-way Inc. in an all-cash deal valued at $3 billion. The purchase extends the string of transactions that have helped XPO become a

UPS Buys Coyote Logistics For $1.8 Billion

UPS has entered into a purchase agreement to acquire Coyote Logistics, a non-asset based truckload freight brokerage company for $1.8 billion from the global private equity firm Warburg Pincus. Coyote arranges freight shipments on available trucking capacity contracted to members of its carrier network of more than 35,000 trucking companies.

Roadrunner Acquires Stagecoach For Cross-Border Services

Roadrunner Transportation Systems has acquired Stagecoach Cartage and Distribution for $35 million plus an earn-out capped at $5 million, the company announced. Stagecoach is a provider of truckload and logistics services based in El Paso, Texas, with regional, intermodal and over-the-road truckload services throughout the southwestern U.S. and Mexico. It

Maverick Acquires Flanary and Sons Trucking

Maverick USA has acquired Church Hill, Tenn.- based glass carrier Flanary and Sons Trucking. Through the acquisition, Maverick will gain all of the assets of FAST including about 75 tractors and 175 trailers. FAST founder Curtis Flanary will be retiring while president Shon Flanary, and his brothers Aaron and Andre