FreightWaves - Spark Newswire

5 minute read

Echo Had Another Serious Suitor Before Accepting Jordan’s Bid, Filing Says

Today, 3:34 PM

By Tuesday night, it had become a matter of public record that a serious suitor for Echo Global Logistics Inc. had emerged before the Chicago-based freight broker accepted in early September a $48.25-per-share all-cash buyout from private equity firm The Jordan Co., topping the unnamed suitor's $47-a-share cash bid. The question is who?

AMZN

1 minute read

Norfolk Southern Reopens Kentucky Intermodal Terminal

By FreightWaves

Today, 3:34 PM

Norfolk Southern has reopened an intermodal terminal serving Louisville, Kentucky, in light of "strong growth" in the intermodal market there.

BRK-B

3 minute read

Marten Transport Sends Fleetwide Message About Operating ‘Systems Issues’

By FreightWaves

Today, 3:34 PM

Truck drivers for Wisconsin-based truckload carrier Marten Transport (NASDAQ: MRTN) say they received two fleetwide messages Tuesday afternoon from the company's top executive thanking them for their patience as the company continues to work "through some systems is

MRTN

3 minute read

Walmart’s GoLocal Service Has Its First Customer: Home Depot

By FreightWaves

Today, 3:34 PM

Home Depot will become the first customer of the recently announced GoLocal delivery service launched by Walmart. The two mega-retailers announced the launch of the program on Wednesday. The service will begin in select markets in the weeks ahead with a broader rollout by the end of the year.

BBBY

3 minute read

Wise Systems Raises $50M to Expedite Last-Mile Product Development

By FreightWaves

Today, 3:34 PM

Routing and dispatching technology provider Wise Systems announced Wednesday that after 300% year-over-year growth over the past two years, the company has raised $50 million in its recent Series C round led by Tiger Global Management with participation from Section 32, Valo Ventures, Gradient Ventures, and Prologis Ventures.

BUD

3 minute read

General

CN, Shareholder Publicly Scuffle Over Railway’s Leadership and Direction

By FreightWaves

Today, 3:34 PM

Over the next six months, freight rail observers may bear witness to a public relations battle between Canadian railway CN and activist London-based investor TCI Fund Management over CN's leadership and direction.

CNI

3 minute read

GXO to Open, Operate Arizona DC for Abercrombie & Fitch

By FreightWaves

Today, 3:34 PM

GXO Logistics will open a "highly automated" distribution center in Goodyear, Arizona, for customer Abercrombie & Fitch Co.

ANF

6 minute read

Holiday Season in Peril: Disruptions Could Leave Shoppers, Retailers Disappointed

By FreightWaves

Today, 3:34 PM

As supply chain disruptions have gone mainstream in 2021, it has had an immediate impact on the shopping plans of Americans heading into the holidays. A recent parcelLab survey found that 50% of U.S.

AMZN

1 minute read

UPS Unit Marken Expands Network to Support Clinical Trial Logistics Demand

By FreightWaves

Today, 3:34 PM

Marken, a wholly-owned subsidiary of UPS Inc. that manages clinical drug supply chain services, said Monday it has expanded its global network primarily to support increased demand for cell and gene therapy clinical trials.

PFE