In 2000, Geoff Turner founded Choptank Transport Inc. to help farmers and food companies on Maryland’s Eastern Shore move time- and temperature-sensitive produce to market. Two decades later, those efforts culminated in Choptank being acquired by one of the nation’s largest transportation companies.
Hub Group Inc. said Tuesday it acquired Preston, Maryland-based Choptank, which specializes in truck brokerage for refrigerated goods, for $130 million in cash. The move gives Oak Brook,...
Capacity has been tight for months, signaling consumers’ renewed willingness to spend money as vaccine efforts continue and COVID-era restrictions are loosened across the nation. At the same time, the trucking industry has not recovered from the pandemic’s effects on its already-dwindling driver pool, placing an even greater strain on capacity. How shippers, brokers and 3PLs choose to navigate this challenging landscape will affect both their own chances of success and their relationships with...
https://www.freightwaves.com/news/relationships-key-to-navigating-capacity-crunch