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Kenan Advantage Group Owner Omers Exploring IPO

Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.

April 12, 2024

3PLs Persevere Through Down Freight Market, TIA Leaders Say

PHOENIX — Third-party logistics providers have persevered through a tough freight market while taking action to stem a rising tide of fraud, 3PL industry leaders said. 

April 12, 2024

Interactive Map: Where the 2024 Top 100 Logistics Companies Are in North America

Find out where the 2024 Top 100 Logistics Companies are located by regions and by state in North America with our interactive map.

April 12, 2024

Update: Norfolk Southern to Pay $600M Settlement Over Derailment

Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023.

April 11, 2024

Spot Market Rebalance Slows Amid Volatile Capacity

The spot market is struggling to rebalance as the rate of carriers exiting has slowed despite sluggish demand.

April 11, 2024

Logistics Market Faces Challenges Across Segments in 2023

Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.

April 12, 2024

Shipping Giant MSC Vows to Fight ‘Excessive’ $63M FMC Fine

The world’s largest container carrier will push back against a proposed U.S. government fine that would rank among the stiffest penalties handed down by the Washington regulator.

April 10, 2024

Baltimore Port Closure Means 35% Drop in April Coal Exports

Closure of the Port of Baltimore — America’s second-biggest hub for coal — has choked exports of the fossil fuel, with flows expected to plunge 35% this month.

April 10, 2024

Rental Clothing Firm Opens Kansas City Fulfillment Center

Operations have begun in Missouri at a 600,000-square-foot fulfillment center for women’s rental clothing company Nuuly in a $60 million two-phase project to create 750 jobs in five years.

April 10, 2024

What Is the Supply Chain Crisis?

Why are goods delayed and freight disrupted? This short video explains the supply chain crisis and what it means for trucking, logistics, and global trade.

April 10, 2024