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Longtime employees of TransForce’s new acquisition in Joplin, Mo., are proudly digging out their old CFI shirts, as the company founded in 1951 as Contract Freighters Inc. goes back to its roots and its name under its new ownership.
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After three acquisitions, the Joplin, Mo.-based trucking company founded as Contract Freighters Inc. in 1951 is going back to its roots, resuming use of the CFI name and operating as an independent subsidiary of new owners TransForce.
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XPO Logistics Inc. (NYSE: XPO) announced Thursday that it has sold its truckload business to Canada's growing trucking concern TransForce Inc. (TSX: TFI) for approximately $558 million in cash.
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Third-party transportation and logistics providers Sunteck Transport Group and TTS Holdings have merged to create a single $1 billion dollar company.
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The Continental Corporation has acquired a majority stake in Zonar Systems, a company specializing in fleet management solutions for commercial vehicles.
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WL Byers and Southern Pines announced that the two trucking companies will combine in an equal partnership under the Southern Pines name offering services in the U.S., Canada and Mexico.
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CRST International has purchased the privately held, Calif.-based Gardner Trucking in the largest acquisition in CRST’s history.
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Vancouver-based Ritchie Bros. Auctioneers has acquired online auctioneer IronPlanet of Pleasanton, Calif., for $758.5 million, the company announced.
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Uber is upping its efforts to expand from the ride-sharing market to commercial freight movement by acquiring Otto, the technology startup that’s developing an aftermarket version of autonomous technology for Class 8 trucks.
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Kottke Trucking has purchased Walbon & Company’s over-the-road operations, including Walbon’s routes, trucks, trailers and Wildwood, Fla.- based terminal.
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