LTL

TFI International Acquires Hercules Forwarding

Retrieved on: 
Monday, March 11, 2024

MONTREAL, March 11, 2024 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the acquisition of Hercules Forwarding, Inc. (“Hercules”), a Less-Than-Truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada cross-border transportation. Founded in 1985 and family-owned with US headquarters in Vernon, California and Canadian headquarters in New Westminster, BC, Hercules utilizes a 31-terminal network and operates more than 210 trucks, close to 600 trailers and approximately 75 containers, generating more than US $100 million in annual revenues. Hercules’ non-union team focuses on direct shipper customers seeking high-quality, damage-free service across diverse end markets including consumer/retail, HVAC/building products, automotive, industrial, 3PL and food/beverage. Led by its president, Marty Burnham and CFO, Melanie Burnham, Hercules will join TFI’s LTL business segment.

Key Points: 
  • MONTREAL, March 11, 2024 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the acquisition of Hercules Forwarding, Inc. (“Hercules”), a Less-Than-Truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada cross-border transportation.
  • Hercules’ non-union team focuses on direct shipper customers seeking high-quality, damage-free service across diverse end markets including consumer/retail, HVAC/building products, automotive, industrial, 3PL and food/beverage.
  • Led by its president, Marty Burnham and CFO, Melanie Burnham, Hercules will join TFI’s LTL business segment.
  • We are pleased to welcome Marty, Melanie, and the entire Hercules team to the TFI International family.”

XPO Provides North American LTL Operating Data for February 2024

Retrieved on: 
Tuesday, March 5, 2024

GREENWICH, Conn. , March 05, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for February 2024.

Key Points: 
  • GREENWICH, Conn. , March 05, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for February 2024.
  • LTL tonnage per day increased 3.5%, as compared with February 2023, attributable to a year-over-year increase of 5.8% in shipments per day and a decrease of 2.2% in weight per shipment.
  • Actual results for February 2024 may vary from the preliminary results reported above.

Core Health & Fitness Overcomes Supply Chain Challenges with Redwood Logistics’ Innovative Integrated Solutions

Retrieved on: 
Wednesday, February 28, 2024

Core Health & Fitness selected Redwood to deliver end-to-end visibility via a fully integrated solution, enhancing its global manufacturing supply chain.

Key Points: 
  • Core Health & Fitness selected Redwood to deliver end-to-end visibility via a fully integrated solution, enhancing its global manufacturing supply chain.
  • With a firm commitment to enhancing the customer experience during this time, Core Health & Fitness sought a logistics partner with staying power.
  • "Our partnership with Redwood Logistics has been instrumental in overcoming the supply chain challenges brought forth by the pandemic," said Ken Eastman, Chief Information Officer, Core Health & Fitness.
  • Redwood delivered a unique combination of logistics execution and supply chain technology to improve overall business processes, service, and experience for Core Health & Fitness customers and internal stakeholders.

Tai Software and Shiplify Partner to Enhance Customer Experiences by Eliminating Hidden Post Shipment Fees

Retrieved on: 
Wednesday, February 28, 2024

HUNTINGTON BEACH, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Tai Software, the leading transportation management system (TMS) for freight brokers, today announced a strategic partnership with Shiplify, the leading assessorial identification provider for the LTL industry. This collaboration aims to significantly reduce discrepancies between initial freight quotes and final carrier invoices, eliminating back-office disputes, streamlining operational efficiencies and improving overall customer experience.

Key Points: 
  • This collaboration aims to significantly reduce discrepancies between initial freight quotes and final carrier invoices, eliminating back-office disputes, streamlining operational efficiencies and improving overall customer experience.
  • With the integration of Shiplify's services into the Tai TMS platform , freight brokers now have the ability to access a shared database used by carriers to align crucial shipment information.
  • This partnership with Tai expands our ability to put more brokers in the ‘know,’" said North Winship, President, Shiplify.
  • "With the insights provided by Shiplify, Tai users are no longer exposed to the risk of being blindsided by surcharges, reinforcing customer trust and satisfaction."

Old Dominion Freight Line Provides Update for First Quarter 2024

Retrieved on: 
Tuesday, March 5, 2024

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2024.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2024.
  • Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, “Our revenue results turned slightly positive in February but continue to reflect softness in the domestic economy.
  • Our LTL shipments per day also increased slightly as compared to February 2023 while our yield metrics continued to improve.
  • Old Dominion Freight Line, Inc. is one of the largest North American LTL motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

Flock Freight® Ranks No. 29 on Inc. Magazine’s List of the Pacific Region’s Fastest-Growing Private Companies

Retrieved on: 
Tuesday, February 27, 2024

29 on its fourth annual Inc. 5000 Regionals: Pacific list – the most prestigious ranking of the fastest-growing Pacific private companies, based in California, Oregon, Washington, Hawaii, and Alaska.

Key Points: 
  • 29 on its fourth annual Inc. 5000 Regionals: Pacific list – the most prestigious ranking of the fastest-growing Pacific private companies, based in California, Oregon, Washington, Hawaii, and Alaska.
  • Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Pacific economy’s most dynamic segment–its independent small businesses.
  • Complete results of the Inc. 5000 Regionals: Pacific, including company profiles, can be found at inc.com/Pacific starting February 27, 2024.
  • “The honorees in our Inc. 5000 network are the Who’s Who of private companies.

Knight-Swift Transportation Announces CEO Transition and New CFO

Retrieved on: 
Tuesday, February 27, 2024

Mr. Miller had been serving as the Company’s Chief Financial Officer and President of Swift Transportation, while Mr. Hess had been serving as Senior Vice President of M&A and Senior Vice President of Finance for Swift Transportation.

Key Points: 
  • Mr. Miller had been serving as the Company’s Chief Financial Officer and President of Swift Transportation, while Mr. Hess had been serving as Senior Vice President of M&A and Senior Vice President of Finance for Swift Transportation.
  • David Jackson has stepped down as Chief Executive Officer and a member of the board of directors following a successful nine years as CEO and 13 years as President.
  • Executive Chairman, Kevin P. Knight, commented: “Adam’s broad strategic, financial, and operating experience during his 22-year career at Knight-Swift has him well-prepared and ready to lead as CEO.
  • I look forward to my next chapter and to continuing to make a difference in the community.”

New Trial Firm Elsberg Baker & Maruri PLLC Launches With Six Founding Partners From Selendy Gay Elsberg, Quinn Emanuel

Retrieved on: 
Wednesday, February 21, 2024

A group of six renowned litigators led by David Elsberg , most recently a name partner at Selendy Gay Elsberg, and Rollo Baker IV and Silpa Maruri , former practice group leaders at Quinn Emanuel Urquhart & Sullivan, today launched a new trial law firm, Elsberg Baker & Maruri PLLC.

Key Points: 
  • A group of six renowned litigators led by David Elsberg , most recently a name partner at Selendy Gay Elsberg, and Rollo Baker IV and Silpa Maruri , former practice group leaders at Quinn Emanuel Urquhart & Sullivan, today launched a new trial law firm, Elsberg Baker & Maruri PLLC.
  • The firm’s founding partners also include two former partners at Selendy Gay Elsberg, Michael Duke and Vivek Tata , as well as Jared Ruocco , a former partner at LTL Attorneys who previously practiced at Quinn Emanuel.
  • The name partners of Elsberg Baker & Maruri formerly practiced together at Quinn Emanuel and have acted as lead counsel in numerous high-profile and precedent-setting cases.
  • Ruocco, who specializes in M&A and corporate governance disputes, practiced with Elsberg Baker & Maruri’s name partners at Quinn Emanuel.

Roadrunner CEO, Chris Jamroz, Earns 2024 Pros to Know Award

Retrieved on: 
Friday, March 8, 2024

CHICAGO, March 8, 2024 /PRNewswire/ -- Roadrunner, transportation's greatest comeback story, announced that Executive Chairman of the Board and CEO, Chris Jamroz, earned the 2024 Pros to Know Award. The award, from Supply & Demand Chain Executive, recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage the supply chain for competitive advantage.

Key Points: 
  • CHICAGO, March 8, 2024 /PRNewswire/ -- Roadrunner, transportation's greatest comeback story, announced that Executive Chairman of the Board and CEO, Chris Jamroz, earned the 2024 Pros to Know Award.
  • The award, from Supply & Demand Chain Executive, recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage the supply chain for competitive advantage.
  • "I'm thrilled and humbled to receive this award, but it's really about the outstanding team we've built at Roadrunner," said Chris Jamroz, Executive Chairman of the Board and CEO of Roadrunner.
  • "Many of today's supply chain pros are more than just leaders within their space; they're innovators, decision makers, pioneers of change and growth.

Transfix Partners with Rocket Shipping to Offer Enhanced LTL Experience

Retrieved on: 
Thursday, March 7, 2024

NEW YORK, March 7, 2024 /PRNewswire/ -- Transfix, Inc. today announced an enhancement to its Shipper App, introducing a Less Than Truckload (LTL) quoting and tendering feature, powered by a strategic partnership with Rocket Shipping. This innovative collaboration marks a significant expansion of Shipper App's multi-modal, source-to-settle platform capabilities, now encompassing Full Truckload (FTL), Intermodal, and LTL freight operations.

Key Points: 
  • The partnership leverages Rocket Shipping's deep LTL expertise to offer shippers enhanced carrier management, issue mitigation, and competitive shipping rates.
  • Enhanced LTL Experience: With Rocket Shipping's expertise and Transfix's modern, easy-to-use platform, users can expect an upgraded experience in LTL operations, from issue resolution to carrier management.
  • Gabe Pankonin, CEO of Rocket Shipping, added, "We're thrilled to partner with Transfix to power their LTL service offerings.
  • For more information about the Transfix Shipper App and its new LTL capabilities, visit Transfix's website.