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a strategic move that cements Seasat’s position as one of the leading players in maritime communication solutions in the Nordic region. With this acquisition, Seasat aims to expand its … |
https://maritime-professionals.com/seasat-acquires-norwegian-pyxisat/
Seeing “significant opportunities to grow,” independent infrastructure manager Ancala and Arkadia Rail Partners have formed Phoenix Rail following the acquisition of short line rail company Lehigh Valley Rail Management.
Terms were not disclosed.
Ancala in a release said LVRM is Phoenix Rail’s first acquisition. LVRM owns and operates a 61-mile freight rail network and is headquartered in Bethlehem, Pa., where it operates an intermodal terminal. It maintains a transload facility in Johnstown,...
https://www.freightwaves.com/news/british-investor-buys-pennsylvania-shortline-railroad
UPS (NYSE: UPS) has completed an acquisition of Frigo-Trans and its sister company BPL, a leader in health care logistics solutions across Europe. Terms of the deal were not disclosed.
In a news release, the company said it is looking to enhance the end-to-end capabilities for UPS Healthcare customers, which have seen rising demand for temperature-controlled and time-cricial logistics solutions on a global scale.
“Frigo-Trans’ network includes temperature-controlled warehousing ranging from...
https://www.freightwaves.com/news/ups-broadens-network-with-double-health-care-acquisition
Phoenix-based logistics provider FreightVana announced on Wednesday it plans to acquire freight brokerage Loadsmith, further solidifying its position in the power-only logistics market. The acquisition, set to be finalized by the end of the month, will see Loadsmith’s employees transition to the FreightVana team, operating under its established brand. This move aims to enhance FreightVana’s capabilities and accelerate its growth in delivering technology-driven freight solutions.
“We both built...
https://www.freightwaves.com/news/freightvana-to-acquire-loadsmith-grows-drop-trailer-network
This story originally appeared on Trains.com.
WASHINGTON — The Surface Transportation Board has approved acquisition by Canadian Pacific Kansas City and CSX Transportation of the Meridian & Bigbee Railroad from Genesee & Wyoming, allowing the two Class I lines to create a new direct connection at Myrtlewood, Alabama.
The approval is effective Nov. 16.
In separate decisions, the board approved with conditions CSX’s acquisition of 93.7 miles between Burkville, Alabama, and Myrtlewood, and CPKC’s...
https://www.freightwaves.com/news/regulators-approve-cpkc-csx-acquisition-of-meridian-bigbee
EVO Transportation & Energy Services, a leading truckload carrier, announced Monday the acquisition of West Side Transport, a Midwest-based truckload carrier and brokerage. The combined company will operate under two separate brands, EVO and West Side Transport, while leveraging its expanded geographic footprint and resources to enhance service offerings.
West Side Transport, founded by Don Vogt over 50 years ago, has grown into a significant operation with a fleet of 550 trucks, 2,300 trailers...
https://www.freightwaves.com/news/evo-acquires-west-side-transport-expands-geographic-footprint
This story originally appeared on Trains.com
JACKSONVILLE, Fla. – CSX has become the fourth Class I railroad to join RailPulse, the telematics joint venture that aims to put GPS equipment and sensors on freight cars to monitor their location and health in real time.
The announcement, made today, leaves BNSF Railway and Canadian National as the only major systems sitting on the sidelines.
“Joining the RailPulse Coalition further enhances our unwavering commitment to generate long-term value for our...
https://www.freightwaves.com/news/csx-joins-railpulse-telematics-joint-venture
This story originally appeared on Trains.com.
KENNETT SQUARE, Pa. — Regional Rail LLC has added to its holdings in the Midwest with the acquisition of Cincinnati Eastern Railroad, a 70-mile Ohio short line. The company now has seven railroads in Ohio, Indiana and Illinois.
“The Regional Rail team and I are delighted to partner with the team at the Cincinnati Eastern Railroad,” Regional Rail CEO Al Sauer said in a press release. “We look forward to building on the strong entrepreneurial culture...
https://www.freightwaves.com/news/regional-rail-acquires-cincinnati-eastern-railroad
Coyote Logistics has had an interesting life span. Founded in 2006 by Jeff Silver, the company started out small and quickly became one of the top freight brokerages in the U.S. Fast forward to 2015 and UPS bought Coyote for a casual $1.8 billion. UPS and Coyote had always worked closely together before the acquisition as Coyote would take any excess full truckload shipments during peak shipping seasons.
Fast forward again to present day. UPS wanted to sell Coyote and found a...
https://www.freightwaves.com/news/check-call-long-live-the-tale-of-coyote-logistics
BlueGrace Logistics, one of the largest 3PLs in the United States, has acquired optimization platform Evos Smart Tools, which the company says will benefit customers by streamlining logistics.
The logistics company announced the acquisition on Wednesday. Evos is a SaaS
optimization platform that helps shippers boost resources and lower costs through advanced algorithms, Florida-based BlueGrace said.
Evos Smart Tools, based in Oregon, provides transportation software tools and expertise to...
https://www.freightwaves.com/news/bluegrace-logistics-acquires-evos-smart-tools