13 Nov Avenger Logistics Poised to Join Chattanooga’s Roster of Rapidly Growing Firms Avenger Logistics, a freight brokerage and logistics company created in 2015 by former Gold Bond Inc. owner Don Godsey, is likely to be a top local contender on the 2019 Inc. list after growing from $9 million in sales in 2016 to more than $60 million this year. The company expects to top $100 million in sales next year. Read more...
13 Nov AGT Global’s Angela Eliacostas Wins Influential Woman In Trucking Award FRISCO, Texas— Angela Eliacostas, founder and CEO of AGT Global Logistics, has won Women In Trucking Association’s Influential Woman in Trucking award. Read more...
13 Nov Amazon Air Takes Delivery of 40th Cargo Plane Amazon.com on Nov. 12 took delivery of the 40th and final plane in a lease deal for its expanding air-cargo operation. More may be on the way. A senior executive at an aircraft lessor said Amazon was shopping around for more Boeing 767 freighters and had put out a request for proposals for an additional six jets earlier this year. Read more...
13 Nov VW, Daimler and BMW Brace for Tariffs Investors in European carmakers are once again facing months of share volatility after the U.S. circulated a draft report on tariffs and European Commission President Jean-Claude Juncker signaled a cease-fire in the looming trade war may soon come to an end. Read more...
13 Nov VTNA, Trimble to Collaborate on Fleet Management, Maintenance Volvo Trucks North America entered into a memorandum of understanding with Trimble Transportation Enterprise to develop future transportation management and fleet maintenance products and services. Read more...
13 Nov Amazon Selects Washington, New York Metro Areas for Coveted ‘HQ2’ Sites Amazon.com Inc. will build new offices in New York City and Arlington, Va., ending months of jockeying between potential locations across the country vying for a $5 billion investment that promises 50,000 high-paying jobs over almost two decades. Read more...
13 Nov October Trailer Orders Rocket to 55,250 U.S. trailer orders reached the second-highest point ever in October, 55,250 units, on surging demand for dry van and refrigerated units, according to ACT Research Co. Read more...
13 Nov PortMiami Seeks to Expand Three Years After Controversial ‘Deep Dredge’ Project The super ships are coming, and PortMiami — set in an aquatic preserve at the north tip of Biscayne Bay — says it needs to get bigger. While the scope of the work remains uncertain, enlarging the busy port just three years after completion of the previous $205 million “Deep Dredge” is sure to set off another skirmish over potential damage to sea life from digging up the bottom of the shallow bay. Read more...
13 Nov TorQuest Partners Invests in Cando Rail TorQuest Partners, a Toronto-based midmarket private equity firm, has invested in Cando Rail Services Ltd. of Brandon, Manitoba. Read more...
13 Nov XPO Logistics Unveils LTL Optimization Plan XPO Logistics will begin a four-point plan to optimize less-than-truckload operations. Read more...