Volumes for high-tech office equipment continue to soar. Bill Fallon, EVP of client solutions at AIT Worldwide Logistics, reported that his high-tech Fortune 500 clients see this growth as an outcome of continued investment in the equipment necessary for digital transformation.
AIT Worldwide Logistics is a freight forwarder with more than 85 locations, providing sea, air and ground solutions for customers in just about every industry. Investments in cloud computing equipment and high-value...
Most automakers rely on “just-in-time” manufacturing to optimize production. That model requires precise coordination throughout every link in the global supply chain. And that’s where AIT Worldwide Logistics comes in. AIT’s automotive logistics professionals are the experts at developing resilient, scalable solutions for OEM and Tier 1 supply chains across Asia, Europe, and North America. AIT has the expertise, technology, and carrier connections to achieve your production goals —...
https://www.freightwaves.com/news/looking-ahead-to-q4-ー-transmission
When you switch to AIT Worldwide Logistics for automotive shipping you’re partnering with a team of logistics professionals in Asia, Europe and North America who develop customized supply chain solutions that are just as unique as your business. Whether it’s transborder hot-shot trucking, express ocean service, or an exclusive air charter, AIT has the expertise, technology, and carrier connections to achieve your production goals — every time. To learn more, visit https://www.aitworldwide.com/au...
https://www.freightwaves.com/news/looking-at-the-shipping-side-of-things-transmission
The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: Pilot gifts throwback Peterbilt to driver after 40 years of safe driving, AIT Worldwide Logistics stays committed to St. Jude Children’s Hospital and J.B. Hunt gives additional $5 million to Arkansas Children’s health care initiatives.
Pilot gifts custom Peterbilt to 40-year driver
In 1971, Daniel Abshire’s father, Jim, was the second driver to be hired by the trucking firm Pilot Co....
https://www.freightwaves.com/news/the-log-book-pilot-gifts-custom-peterbilt-to-40-year-driver
Global logistics company AIT Worldwide Logistics said Thursday that it has acquired Multimodal International Ltd., a customs broker that focuses on the processing and clearance of industrial commodities. Terms of the acquisition were not disclosed.
The acquisition is expected to boost Itasca, Illinois-based AIT’s annual customs entries by more than 10% a year to roughly 50,000 entries, AIT said. Elk Grove Village, Illinois-based Multimodal, which has been in business for nearly 40 years, focuses...
https://www.freightwaves.com/news/ait-worldwide-buys-customs-broker-multimodal-international
FreightTech is the word of the day on FreightWaves LIVE @HOME and on this episode of WHAT THE TRUCK?!? Dooner and The Dude hit their quota for using it.
They examine how FreightTech is continuing to evolve and push the industry forward, even when it is not being used to its full potential. The guys welcome four guests to the show, each with a unique perspective on tech in the industry.
First up is Prasad Gollapalli, founder and CEO of Trucker Tools, and he talks about why his company is...
https://www.freightwaves.com/news/freightwaves-live-are-you-using-tech-effectively-what-the-truck
It’s only two weeks into the second quarter, and the volume demands within the North American truckload market resemble the peak demands of July Fourth. This time last year, the spot market rate per mile was $1.75; now, those rates are more than $3 per mile, with tenders up 24% over pre-COVID market levels. These elevated rates and elevated demands are creating network imbalances.
“Carriers are avoiding undesirable lanes right now,” said Mike Rothacher, vice president of strategic accounts for...
https://s29755.pcdn.co/news/second-quarter-truckload-volumes-resemble-peak-fourth-of-july-demand
Global freight forwarder AIT Worldwide Logistics announced an agreement Wednesday to recapitalize with The Jordan Company (TJC), a middle-market financial firm with a background in transportation and logistics investments like Capstone Logistics and GlobalTranz Enterprises.
AIT Worldwide will conclude its current equity partnership with Quad-C Management, which will sell its full stake to TJC at the end of March. The recapitalization is said to be valued at over $1.2 billion.
“TJC has proven...
https://www.freightwaves.com/news/freight-forwarder-ait-worldwide-makes-equity-partner-move
Ambitious AIT Worldwide Logistics has been taken over by private equity firm The Jordan Company (TJC) in what is expected to mark the start of another period of growth for the forwarder.
Its partnership with its PE owner Quad-C Management has come to an end as the company recapitalises.
TJC doesn’t appear to have a big footprint in transport and logistics, but does have a couple of investments in supply chain management …
The post New PE partner for acquisition and growth-hungry AIT Worldwide...
https://theloadstar.com/new-pe-partner-for-acquisition-and-growth-hungry-ait-worldwide-logistics/
The arrival of March delivered the expected déjà vu of the pandemic’s initial shock, but it also brought hope, as the COVID-19 vaccine shines light at the end of the tunnel. On average, the U.S. is administering 1.7 million vaccines per day. Across the globe, more than 316.6 million vaccines have been administered.
In an exclusive interview with FreightWaves, AIT Worldwide Logistics President and CEO Vaughn Moore shared his unique perspective on the coming months and the latter half of 2021,...
https://www.freightwaves.com/news/shippers-industrywide-expecting-big-second-half-of-2021