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Multimodal transportation giant Schneider National Inc. in November entered into a definitive agreement to acquire Cowan Systems LLC and affiliated entities for a cash purchase price of about US$390 million, subject to certain adjustments.The sale includes separate agreements to purchase certain real estate assets relating to Cowan Systems’ business for about US$31 million in cash.Baltimore-based Cowan Systems is primarily a dedicated contract carrier with a portfolio of complementary services including ...
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Mexican President Claudia Sheinbaum on Dec. 20 introduced measures to protect the Mexican textile and apparel industries while addressing compliance challenges under the country’s IMMEX program, according to a report from Sandler, Travis and Rosenberg PA.“These changes represent a significant shift in Mexico’s trade and ...
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The U.S. economy in November displayed resilience amidst a transitioning monetary policy and external disruptions but faced ongoing challenges in housing affordability, labor market cooling, and inflationary stickiness, according to the latest ITS Logistics Supply Chain Report.Growth prospects also remain modestly positive, with fiscal and ...
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Estes Express Lines and R+L Carriers affiliate Ramar Land Corp. said they will pay US$192.5 million for eight owned properties and four leased terminals from the administrators of Yellow Corp., the bankrupt less-than-truckload carrier.Estes will pay US$142.5 million for seven owned and four leased terminals ...
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Singapore-based carrier Ocean Network Express, or ONE, will join Ocean Alliance members CMA CGM, COSCO Shipping Lines, Oriental Overseas Container Line and Evergreen Line in three North Europe Transatlantic services, effective from February 2025.
“Combining our collective fleet deployment and market experience to provide a comprehensive ...
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Global mid-market business leaders are relatively optimistic for 2025, despite seeing a recession as a foregone conclusion, according to a survey by U.S. accounting firm Moss Adams LLP.The 2024 Mid-Market Report, which targets owners and CEOs of businesses reporting US$50 million to US$500 million in ...
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Buoyed by six straight months of historic volumes, the Port of Long Beach is on course to reach 9.6 million cargo containers by the end of 2024 without congestion or other disruption and exceeding the previous record set during the pandemic in 2021.The Port of ...
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OUTLOOK Report from Magaya
The global logistics industry may soon be faced with further disruption as U.S trade policy transitions to President-elect Trump and a new Congress in January.Already, announcements of proposed tariffs and regulatory shifts are causing concern about their impact to global supply chains, ...
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DAT Freight & Analytics, which operates DAT One, the truckload freight marketplace, and DAT iQ, the freight data analytics service, said Dec. 17 that it acquired Trucker Tools, a carrier-forward capacity sourcing and load-tracking solution.DAT, the Beaverton, Oregon-based business unit of Roper Technologies, said the ...
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U.S. retail sales showed moderate growth continuing in November ahead of the holiday season’s busiest shopping days, according to the CNBC/NRF Retail Monitor, which the National Retail Federation released Dec. 10.Total retail sales, excluding automobiles and gasoline, were up 0.15 percent seasonally adjusted month over ...
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