Knight-Swift Expands National Footprint with Acquisition of Dependable Highway Express Division

Phoenix, AZ — Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has announced the acquisition of the non-union regional less-than-truckload (LTL) division of Dependable Highway Express, Inc. (Dependable), based in Los Angeles. The deal involves acquiring both operating assets and certain liabilities associated with Dependable’s LTL division, known as DHE. This acquisition is set to provide an…

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Umicore Suspends $2.76 Billion Battery Materials Plant in Ontario Amid Slowed EV Market Growth

Umicore has announced it is halting investment in its planned $2.76 billion battery materials manufacturing facility in eastern Ontario, citing reduced growth projections for the electric vehicle sector. The global materials giant had previously secured substantial support for the project, with the federal government committing $551.3 million and the Ontario government pledging up to $424.6…

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UPS to Acquire Estafeta, Enhancing Presence in Mexican Market

ATLANTA, GA – UPS (NYSE: UPS) has announced a definitive agreement to acquire Estafeta, a prominent Mexican express delivery company. This strategic move is part of UPS’s ambitious ‘Better and Bolder’ strategy, aimed at solidifying its position as a premier global provider of small package and logistics services. “With global supply chains evolving and Mexico…

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Miami-Based Trucking Companies A1 Transport Network and AB Brothers USA File for Chapter 11 Bankruptcy Protection

Two prominent Miami-based trucking companies, A1 Transport Network and AB Brothers USA, have initiated Chapter 11 bankruptcy proceedings. The petitions were filed on Saturday in the U.S. Bankruptcy Court for the Southern District of Florida. A1 Transport Network, with Ivan Antigua Escobar listed as president, and AB Brothers USA, led by Johania Tomas Diaz as…

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SEC Charges Two Florida Executives in $112 Million Truck Investment Scheme

The U.S. Securities and Exchange Commission (SEC) has expanded its legal actions against individuals involved in a significant investment fraud case centered around Royal Bengal Logistics (RBL), a Florida-based trucking and logistics firm. Ricardi Celicourt, 40, residing in Coconut Creek, and Brisly Guillaume, 39, from Boynton Beach, were named in a lawsuit filed by the…

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