In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Plus: Trump eyes Panama Canal takeback, US imports surge 12.3% YoY, Hyzon plans liquidation, and more.
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
Forward Air Corp. and Omni Logistics combine forces in a definitive cash-and-stock merger transaction set to close this year.
On Aug. 10, Forward Air Corp. and Omni Logistics announced their intention to merge in a cash-and-stock deal. The combined entity aims to form a scaled enterprise focused on high-value less-than-truckload (LTL) services. Both companies' boards have approved, and the merger is slated to close later this year. Forward’s CEO, Tom Schmitt, will remain the chairman and CEO of the combined company, while Omni’s CEO, J.J. Schickel, will serve as president. The merger seeks to leverage the combined strengths of both companies to offer high-value freight and expanded services to clients.
Omni Logistics is set to merge with Forward Air Corporation, a publicly traded provider of asset-light transportation services, in a combination set to create a $3.7 billion entity. https://t.co/xYqhhgV1zO
— Business Journals (@bizjournals) August 10, 2023
The European unit could potentially fetch around $2 billion, based on industry estimates.
GLS Group divests US freight divisions to DC Logistics, focusing on parcel services. Deal closes Sept. 1, 2024. DC aims for top 20 LTL carrier status.
Here are the latest trends in LTL and how they could impact your business.
[Alexandria, VA, December 20, 2023] — The Transportation Intermediaries Association (TIA) is excited to welcome Curtis Garrett, founder of Understand LTL,
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