GREENEVILLE, TN – Forward Air Corporation (NASDAQ: FWRD) has successfully reached an amended agreement with Omni Logistics, LLC, resolving the ongoing dispute over their previously announced acquisition. The private company, majority owned by Ridgemont Equity Partners and EVE Partners, LLC, will now see changes to the terms initially outlined in the merger agreement. The resolution…
San Pedro, CA – The Port of Los Angeles marked a robust end to 2023, reporting a consistent upward trend in container processing for the fifth consecutive month. The port, despite a slow start, processed 747,335 Twenty-Foot Equivalent Units (TEUs) in December, reflecting a 2.5% increase compared to the same period the previous year. For…
Omaha, NE – Werner Enterprises, Inc. (Nasdaq: WERN), a leading transportation and logistics provider, announced the appointment of Nathan J. Meisgeier as President, effective January 5, 2024. The decision was made by the Company’s Board of Directors upon the unanimous recommendation of Chairman and CEO Derek J. Leathers. Mr. Meisgeier, 50, will also retain his…
Las Vegas, NV – Leading self-driving trucking company, Kodiak Robotics, Inc., has introduced the world’s first feature-complete, driverless-ready semi-truck designed for scaled deployment. Equipped with redundant safety-critical hardware and cutting-edge software, the sixth-generation truck builds on five years of real-world testing, covering over 2.5 million miles and 5,000 loads. The new truck, showcased at the…
CHATTANOOGA, TN – Kenco, a prominent North American third-party logistics company, has officially acquired The Shippers Group, a Dallas-based third-party warehousing company, in a move that significantly enhances Kenco’s capabilities. The strategic partnership, announced today, includes increased capacity, broader geographic reach, and an expanded suite of services, positioning Kenco to better serve its customers across…
