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UPS buys UK’s road freight company Freightex By LBR Staff Writer
UPS has acquired UK-based road freight company Freightex for an undisclosed sum to accelerate expansion of UK and European truckload brokerage business.
Freight > Rail & Road > News
Union Pacific buys Railex’s refrigerated and cold storage distribution assets By LBR Staff Writer
US-based Union Pacific has acquired refrigerated and cold storage distribution assets from Railex for an undisclosed sum.
Freight > Rail & Road > News Celadon Group announces closing of joint venture with Element Fleet Management Celadon Group announced that it has entered into a joint venture agreement with Element Transportation, a subsidiary of Element Fleet Management.
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Genesee & Wyoming subsidiary to acquire Pentalver Transpor from APM Terminals
Genesee & Wyoming (G&W) through its subsidiary GWI UK Acquisition Company has entered into an agreement with a subsidiary of APM Terminals (a subsidiary of A P Møller-Maersk A/S) to purchase all of the issued share capital of Pentalver Transport Limited (Pentalver) for approximately £87m ($110m).
Freight > Rail & Road > News
Genesee & Wyoming Australia completes acquisition of Grail
Genesee & Wyoming (G&W) announced that Genesee & Wyoming Australia (GWA) has completed the acquisition of Glencore Rail (GRail) for A$1.14bn and has concurrently issued a 49% equity stake in GWA to funds and clients managed by Macquarie Infrastructure and Real Assets (MIRA).
Freight > Rail & Road > News
Crowley secures freight services contract from US Department of Defense
The US Transportation Command (TRANSCOM), an agency of the US Department of Defense (DOD), has awarded Crowley Logistics a multi-year contract to provide transportation and related services supporting Department of Defense activities in the US and Canada.
Freight > Rail & Road > News
Hyndman opens new terminal in Ayr, Ontario
Hyndman Transport, a subsidiary of Celadon Group, has announced the opening of a new trucking terminal in Ayr, ON in mid-November.
Freight > Rail & Road > News
Transnet, GE Transportation partner to digitize supply chain in South Africa
By LBR Staff Writer
South Africa’s state-owned freight and logistics firm Transnet has collaborated with GE Transportation to digitize supply chain in the country.
Freight > Rail & Road > News
Eimskip to buy Norwegian shipping and logistics company Nor Lines
By LBR Staff Writer
Iceland-based Eimskip has agreed to acquire Norwegian shipping and logistics company Nor Lines, in a bid to offer better services for its customers.
Freight > Rail & Road > News
Genesee & Wyoming completes acquisition of Providence and Worcester Railroad
Genesee & Wyoming (G&W) announced that it has completed the acquisition of Providence and Worcester Railroad Company (P&W) for $25.00 per share, or approximately $126m.
Freight > Rail & Road > News
Sunteck Transport Group merges with TTS, LLC
Two agent-based third-party providers of transportation and logistics management services, Sunteck Transport Group and TTS, LLC announced that the companies agreed to merge and will operate under Sunteck / TTS Holdings, LLC.
Freight > Rail & Road > News
XPO Logistics divests truckload business to TransForce for $558m
By LBR Staff Writer
XPO Logistics has divested its truckload business to Canadian transportation firm TransForce for about $558m.
Freight > Rail & Road > News
EQT Infrastructure II plans to acquire GB Railfreight
EQT Infrastructure II has submitted, through an indirectly owned company within the Hector Rail group, an irrevocable offer to acquire GB Railfreight from Groupe Eurotunnel SE.
Freight > Rail & Road > News
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