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1 week ago | 
freightwaves.com | Todd Maiden
J.B. Hunt Transport Services announced the latest iteration of Quantum, its premium intermodal offering, on Friday. Quantum de Mexico will provide cross-border service to Mexican shippers with “service-sensitive” transportation needs utilizing the networks of Western Class I railroad BNSF Railway (NYSE: BRK.B) and Mexico’s largest rail provider, GMXT.
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1 week ago | 
freightwaves.com | Todd Maiden
Temperature-controlled warehouse operator Americold announced Thursday that it has broken ground on its first import-export hub in Canada. The Atlanta-based real estate investment trust said the new location will serve Port Saint John in New Brunswick, providing 22,000 pallet positions, or the equivalent of roughly 800 full truckloads, of storage.
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1 week ago | 
freightwaves.com | Todd Maiden
Transportation and logistics provider ArcBest announced Thursday that it has hired a former C.H. Robinson leader to head operations at its struggling asset-light logistics business. Mac Pinkerton, former president of C.H. Robinson’s (NASDAQ: CHRW) flagship North American Surface Transportation (NAST) business, will join ArcBest (NASDAQ: ARCB) as chief operating officer of asset-light logistics, effective Jan. 5.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Private equity firm Providence Equity Partners has acquired a controlling interest in Global Critical Logistics (GCL). New York-based GCL specializes in arranging freight transportation for live events (concerts and sports) as well as fine art and luxury cars for shows and auctions. The 3PL’s mission-critical, high-service brands include Rock-it Cargo, DIETL, CARS, SOS Global and Dynamic International. The company also secures and stores high-end items.
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2 weeks ago | 
freightwaves.com | Todd Maiden
The overall trajectory for truckload spot rates remains “inflationary,” but trade policy presents a significant wild card, according to a report issued by freight broker RXO on Thursday. The Charlotte, North Carolina-based company’s Curve quarterly forecast said the TL market “has remained relatively calm” with spot rates continuing to step higher despite disruption from rapidly changing tariff policies.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Less-than-truckload carrier Averitt announced it has partnered with Best Overnite Express for service coverage in the West. The addition of Irwindale, California-based Best Overnite to Averitt’s network of partner carriers is expected to improve service and transit times for customers shipping freight to and from the West Coast. Best Overnite provides direct coverage in Arizona, California, Nevada and Utah. It will now have access to Averitt’s robust South and Southeast network of 143 terminals.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Ancora Holdings Group provided a detailed presentation late Tuesday outlining why Forward Air shareholders should vote out “three unfit legacy directors” it blames for the company’s “disastrous acquisition of Omni Logistics” and “efforts to stall the company’s current sale process.”The activist investor first penned a letter to shareholders two weeks ago calling for the removal of Chairman George Mayes and directors Javier Polit and Laurie Tucker.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Regional less-than-truckload carrier Pitt Ohio announced Tuesday it has opened a 37-door, cross-dock maritime terminal in Norfolk, Virginia. The 15,000-square-foot facility sits 10 miles from the Port of Norfolk, providing transloading and consolidation services to Pitt Ohio’s customers. The site has hazmat certifications and can handle overweight containers as well as flatbed loads.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Supply chain-focused private equity firm Cambridge Capital announced Tuesday that portfolio company Everest Transportation Systems is acquiring 3PL peer Simple Logistics. St. Charles, Illinois-based Simple Logistics specializes in arranging temperature-controlled and dry van truckload transportation. The broker also operates an office in Fort Myers, Florida. Financial terms of the transaction were not provided.
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2 weeks ago | 
freightwaves.com | Todd Maiden
FedEx Corp. has announced some of the new leaders for its less-than-truckload unit that is expected to be spun off into a new publicly traded company by June 2026. John Smith, who is currently the chief operating officer of Federal Express (U.S. and Canada) will become president and CEO at the nation’s largest LTL carrier, FedEx Freight. Smith logged 25 years of service at FedEx Freight, serving as president and CEO from 2018 until 2021.
