Forward Air’s board will undertake a review of the asset-light transportation and logistics services provider’s strategic alternatives, including a sale of the company and other options.
January 8, 2025Latest News Updates From Keiron Greenhalgh
Forward Air Probes Sale, Merger, Divestment Options
NACFE to Hold ‘Messy Middle’ Testing in September
The fourth Run on Less program in NACFE’s Run on Less initiative will involve four different powertrain solutions: diesel, natural gas, battery-electric and hydrogen fuel cells.
January 7, 2025Atlas Acquires Canadian Customs Specialist Orbit Brokers
Atlas Canada acquired Mississauga, Ontario-based customs brokerage Orbit Brokers for an undisclosed sum, the Atlas World Group unit said.
January 7, 2025Vertical Cold Storage Opens Facility in Kansas City
Vertical Cold Storage opened a Kansas City multimodal distribution site, the company said Jan. 7.
January 7, 2025Pitt Ohio Buys LTL Carrier Sutton Transport
Pittsburgh-based Pitt Ohio plans to merge Midwest-focused Sutton with its existing Dohrn Transfer LTL unit after an initial period of operating the two separately.
January 7, 2025Former TuSimple CEO Hou Scores Legal Victory Against Company
A Texas Business Court judge rejected TuSimple’s request for a restraining order and injunctions against the onetime autonomous trucking pioneer’s founder and his latest venture.
January 6, 2025Bendix Sells Steering, Pump Specialist R.H. Sheppard
A private equity firm bought steering and engine pump manufacturer R.H. Sheppard from Bendix Commercial Vehicle Systems for an undisclosed sum, the brake and active safety software specialist said.
January 3, 2025Startups Seek Customers, Funds to Advance Class 8 Ambitions
Startups require access to considerable funding on the road to manufacturing, and even more to remain afloat once production begins, especially for OEMs of alt-power trucks in 2024.
December 27, 2024Truck Tonnage Retreats in November After October Gain
The ATA For-Hire Truck Tonnage Index decreased 1.8% to 112.5 in November from 114.6 in October. The index is down 1% compared with November 2023.
December 27, 2024Hyzon to Begin Layoffs in February Without More Funds, Buyer
Hyzon expects to start laying off U.S. employees in February if the hydrogen fuel cell electric truck maker cannot raise more funds or find a buyer, the company said Dec. 20.
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