Forward Air to Acquire Linn Star for $57.2 Million
Forward Air Corp. will acquire Linn Star Holdings Inc., Linn Star Transfer Inc. and Linn Star Logistics, a privately held final-mile provider, for $57.2 million, according to a Forward Air news release Dec. 12.
December 16, 2019Germany Set to Agree to Higher CO2 Price for Transport, Heating
Germany’s two houses of parliament are poised to more than double the starting price for carbon dioxide emissions from the transport and heating industries when the charge is introduced in 2021.
December 16, 2019BMW-Daimler Ride-Hailing Venture Steps Up Uber Challenge
FreeNow, the ride-hailing venture owned by Daimler AG and BMW AG, expects to double revenue this year and next in a fresh challenge to Uber Inc. in Europe and Latin America.
December 16, 2019Pennsylvania Freight Rail Track Gets $700,000 for Rehabilitation
The Pennsylvania Department of Transportation awarded $700,000 to Pittsburgh Intermodal Terminals Inc. to improve about 1 mile of freight rail track to bolster operations and generate jobs in Beaver County.
December 13, 2019XPO to Close Missouri Logistics Facility, Wiping Out 166 Jobs
HAZELWOOD, Mo. — A logistics facility will close here, eliminating 166 jobs, according to a notice filed with the state.
December 13, 2019Ford Adding to Austin Self-Driving Car Operation
Ford Motor Co. is adding to its self-driving car testing operation in Austin, Texas, saying Dec. 11 it has secured two pieces of real estate that will be central to the project.
December 12, 2019Perspective: New Year, New Logistics Efficiencies
As the year comes to a close, it’s a natural time for companies to look at what worked in 2019 and what didn’t, and make plans for the year ahead. For some companies, taking a hard look at their order fulfillment workflow — and ways it might be streamlined in 2020 — is a New Year’s resolution to consider.
December 10, 2019PennDOT P3 Project Will Address I-81 Improvements
Leaders within the Pennsylvania Department of Transportation have approved a public-private partnership to reconstruct a portion of Interstate 81.
December 10, 2019Cass Partners With University of Tennessee on Two Indexes
Cass Information Systems Inc. is partnering with the University of Tennessee-Knoxville’s Haslam College of Business to support two Cass transportation indexes, according to a Dec. 2 news release from Cass and UTK.
December 9, 2019Descartes Systems Reports Net Income Up 23%
The Descartes Systems Group Inc., a Canadian logistics company, reported net income of $9.7 million in its third quarter ended Oct. 31, up 23% from $7.9 million the same quarter last year.
December 9, 2019