26 May Bay & Bay Transportation Opens Terminal in Denton, Texas Bay & Bay Transportation, an Eagan, Minn.-based refrigerated carrier and freight broker, has opened a new terminal in Denton, Texas, which the company hopes will make it easier for company drivers located near Dallas to find a place to eat, sleep, park, shower and maintain their trucks. Read more...
26 May St. George Logistics Opens Temperature-Controlled Center in Metro Miami St. George Logistics, a provider of outsourced container freight station services and warehousing and distribution services, opened its ocean and air container freight station and specialized 3PL center in Medley, Fla., on May 23. Read more...
26 May G&D Integrated Announces Opening of Warehouse in Chicago Metro Area Transportation and logistics services provider G&D Integrated announced the opening of a new warehouse in the Chicago metro area. Read more...
26 May Hub Group to Acquire Estenson Logistics for $306 Million Hub Group has reached a deal to acquire Estenson Logistics for $306 million, which, if approved, would combine the Nos. 28 and 46 companies, respectively, on the Transport Topics Top 50 list of the largest logistics companies in North America. Read more...
26 May US Consumer Sentiment Signals Gains in Spending Remain Likely U.S. consumer sentiment holding near post-election highs reflects an improved outlook on wages and indicates spending is poised to rebound, though a partisan gap persists, University of Michigan survey data showed May 26. Read more...
26 May US Economic Growth Not So Bad After Revisions to Spending, Investment The U.S. economy's first quarter wasn't so miserable after all, as consumption contributed more to growth and business investment was even stronger than thought, Commerce Department data showed May 26. Read more...
26 May Stagnant Equipment Orders Signal Pause in Investment A second straight month of stagnant orders for business equipment in April indicates investment in capital goods could slow in the second quarter, Commerce Department data showed May 26. Read more...
25 May KAR Auction Services Acquires Transport Division of Dependable Auto Shippers KAR Auction Services, a holding company for used vehicle auctioneer ADESA, Automotive Finance Corp. and Insurance Auto Auctions, a firm that resells total-loss vehicles, has purchased the vehicle transportation business of Dependable Auto Shippers, a company based in Mesquite, Texas, that filed for Chapter 11 bankruptcy in December. Read more...
25 May Port of Portland Appoints Curtis Robinhold Executive Director The Port of Portland Commission unanimously selected Curtis Robinhold to succeed his boss as the port's executive director. Read more...
25 May XPO Logistics Offers to Pay For CDL Training XPO Logistics is offering to pay individuals to become truck drivers, providing free tuition and a paycheck while earning a commercial driver license at one of its less-than-truckload service centers in the United States. Read more...