DLS Worldwide

The Daily Dash: Hindenburg continues attack on Nikola; OOIDA pushes for more truck parking

Nikola Tre electric truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, short seller Hindenburg Research continued to lob allegations of wrongdoing at Nikola Corp. Plus, OOIDA said it will renew its push for more funds for truck parking when the next Congress convenes, and TFI International expands its presence in the U.S. logistics market.

Hindenburg continues Nikola attack

Hindenburg Research, the short seller that successfully beat down Nikola’s share price, reloaded...

https://s29755.pcdn.co/news/the-daily-dash-hindenburg-continues-attack-on-nikola-ooida-pushes-for-more-truck-parking

TFI buying US 3PL DLS Worldwide for $225 million

A straight truck of TForce Logistics, a TFI International subsidiary. TFI is acquiring DLS Worldwide in a major expansion of its U.S. logistics business.

TFI International (NYSE:TFII) will buy U.S. third-party logistics provider DLS Worldwide from RR Donnelley & Sons (NYSE:RRD) for $225 million in one of the Canadian company’s largest acquisitions in recent years. 

TFI announced the acquisition Tuesday. It represents a major move by the Montreal-based company to scale its U.S.-based logistics business.

Based in the Chicago suburbs, DLS Worldwide generated $550 million in revenue during a recent 12-month period, according to TFI. Once the...

https://s29755.pcdn.co/news/tfi-buying-us-3pl-dls-worldwide-for-225-million