Lone Star Overnight

Seacoast Capital invests $20M in regional delivery provider LSO

Private equity firm Seacoast Capital said Wednesday it has invested $20 million in regional parcel delivery carrier Lone Star Overnight, more commonly known as LSO in the parcel trade.

Boston-based Seacoast said in a statement that the investment consists of subordinated debt and preferred equity. The proceeds will be used to buy out an unidentified minority shareholder, refinance part of LSO’s debt and to ”support the near-term growth” of the carrier’s business, Seacoast said.

Austin,...

https://www.freightwaves.com/news/seacoast-capital-invests-20m-in-regional-delivery-provider-lso

Regional parcel carrier LSO expanding coverage area

Regional parcel delivery carrier Lone Star Overnight (LSO) said it will expand its coverage area in early September by adding markets in Louisiana and Arkansas and launching service in Illinois, Missouri and Kansas.

The announcement, which was posted last Wednesday on the company’s website, expands Austin, Texas-based LSO’s state footprint to 10. LSO covers every ZIP code in Texas, its core market, and the key commerce centers in Oklahoma that account for two-thirds of the state’s population.

Unde...

https://www.freightwaves.com/news/regional-parcel-carrier-lso-expanding-coverage-area

Borderlands: Forager expands with Mexico hires

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Forager expands with Mexico hires; Moova expands into Mexican market; WeDo Logistics acquires Lone Star Overnight; and Mexican carrier acquires 160 Kenworth tractors. 

Forager expands with Mexico hires

FreightTech firm Forager recently expanded its cross-border operations with nine new employees in Mexico.

The expansion provides Forager with a presence in some of...

https://s29755.pcdn.co/news/forager-expands-with-mexico-hires