Category: Business

Barrett Distribution Centers, a leading provider of third-party logistics solutions, has announced the launch of its second fulfillment distribution center in the Dallas, Texas area. This expansion signifies Barrett’s commitment to bolstering direct-to-consumer (DTC) eCommerce and omnichannel fulfillment services, as well as catering to retail/B2B distribution needs, warehousing requirements, and comprehensive transportation solutions. Scott Hothem,…

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…

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…

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…

QUEBEC CITY, QC – The Quebec pension fund, Caisse de dépôt et placement du Québec (CDPQ), has recently secured a substantial stake of US$171.7 million in TFI International, a prominent and highly diversified transportation company with an extensive track record of 125 acquisitions across the United States and Canada since 2008. This strategic investment, involving…