🎣 Sneaky?
DAT faces criticism over contract terms. Plus, DAT acquires Trucker Tools, RBX declares bankruptcy, and Cargado hits $1M milestone.
The European unit could potentially fetch around $2 billion, based on industry estimates.
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.
RXO shares jump on UPS Coyote acquisition. Analysts boost price targets, but concerns linger over leverage and integration challenges.
Rather than trying to play in all aspects of freight, including LTL, FTL, asset-based carriers, etc, Tomé wanted to focus on consolidating UPS to what they do best: Parcel Delivery.
Freight carrier Forward Air cuts 150 employees across sales, tech and C-suite after debt-laden Omni Logistics acquisition.
Forward Air's shareholders file a class action complaint over the $2.1B Omni merger, alleging they were denied a vote. Get the latest updates here.
Flexport relaunches Convoy Platform, dispatching 200 truckloads on its first day.
The backdrop to this acquisition is the ongoing freight recession, which has persisted over the last two years.
Ryder System expands its operations by acquiring Cardinal Logistics, enhancing its dedicated transportation services.
After legal disputes, Forward Air closes the Omni Logistics acquisition for $2.1B. Details on the revised deal and shareholder impact.
Are you paying attention to the issues unfolding with Forward Air & Omni Logistics merger deal? With legal battles and shareholder disputes, we've got the rundown.
Amid evolving market dynamics, Schneider National and Titanium Transportation announce significant acquisitions, marking growth in the sector.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).