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.
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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.
Big news: GLS Group is selling its US freight divisions to DC Logistics. Here's what you need to know:
This move reshapes GLS's US strategy and boosts DC Logistics' market position.
GLS's Perspective: Saadi Al-Soudani, GLS Group CIO, states:
"This sale marks an exciting milestone for GLS as we focus on expanding our core US domestic and international parcel offerings."
DC Logistics' Take: CEO Judas Castro sees this as a game-changer:
"This is a significant step to accelerate our journey to become a top 20 less-than-truckload carrier in the United States."
DC Logistics aims to crack the top 20 LTL carriers with this acquisition.
This deal could spark further consolidation in the freight sector as companies streamline operations.
Stay tuned for more updates as this story develops.
Source: Parcel and Postal Technology International
With finalization of Coyote acquisition, RXO boosts revenue by nearly $4 billion, unlocking new market opportunities and expanding business growth potential.
Platform Science acquires Trimble's telematics business, promising more apps and better fleet tech, expected to be a historic freight tech deal.
RXO's $500M stock offering powers its acquisition of Coyote Logistics, expected to close by September 20, 2024.
The European unit could potentially fetch around $2 billion, based on industry estimates.
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