transloading

STG Logistics closes on $300M growth-oriented financing package

STG Logistics, a transloading and containerized freight services provider, announced a $300 million capital infusion. The new debt and equity financing package will provide the company “with significant capital to fuel its ongoing expansion and strategic growth initiatives.”

STG’s private equity sponsors (Wind Point Partners, Duration Capital Partners and Oaktree Capital Management) backed the new financing deal along with lenders, according to a news release.

No further details about the...

https://www.freightwaves.com/news/stg-logistics-closes-on-300m-growth-oriented-financing-package

RoadOne breaks ground on 100-acre site near Port of Charleston

RoadOne IntermodaLogistics announced it has broken ground on a 100-acre distribution and transloading facility near the Port of Charleston.

The Summerville, South Carolina, site will be constructed in two phases. The company plans to open a 384,800-square-foot facility with 13 acres of trailer and container parking in January. A second phase will be completed in January 2027 and will add 279,720 square feet of space and 10 acres of parking.

The locations will be fenced, gated, lighted and...

https://www.freightwaves.com/news/roadone-breaks-ground-on-100-acre-site-near-port-of-charleston

Port of Prince Rupert strives to increase transloading capacity

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The port authority at Prince Rupert is beginning construction on a large-scale logistics facility...

https://www.freightwaves.com/news/port-of-prince-rupert-strives-to-increase-transloading-capacity

From startup to trendsetter: Port X Logistics takes drayage world by storm

Over the past five years, Port X Logistics has grown from a startup to a major player in the drayage, transloading and trucking worlds. This level of growth — especially in the midst of a pandemic — has required serious planning, hard work and commitment. The company has no plans to hide its secret sauce.

“We had the right plan out of the gate. Keeping focus on the vision while simply tweaking things to make it better has worked for us,” according to Port X Logistics Founder Brian Kempisty said....

https://www.freightwaves.com/news/from-startup-to-trendsetter-port-x-logistics-takes-drayage-world-by-storm

J.B. Hunt adds transloading services in Seattle and Laredo

J.B. Hunt intermodal containers being lifted at port

J.B. Hunt Transport Services continues to invest in its intermodal offering. On Monday, the company announced further expansion of its transloading network, this time adding locations in Tacoma, Washington, and Laredo, Texas.

The site in Laredo is already operational and the facility in Tacoma, serving the port there and in Seattle, will be open next month.

J.B. Hunt’s (NASDAQ: JBHT) transload locations transfer international ocean freight into company-owned 53-foot containers for further service...

https://www.freightwaves.com/news/jb-hunt-adds-transloading-services-in-seattle-and-laredo

J.B. Hunt adds transload service in the West

A J.B. Hunt intermodal trailer backed up to a warehouse door

J.B. Hunt Transport Services announced Wednesday it plans to open its first transload facility on the West Coast. The new service is expected to improve inland intermodal service for its customers.

The company will use a 91,000-square-foot facility with 8 acres of parking, capable of holding 300 containers, to facilitate the service. The site will support drayage and transloading functions at the ports in Los Angeles and Long Beach, California.

Inbound ocean containers will be directly loaded...

https://www.freightwaves.com/news/jb-hunt-adds-transload-service-in-the-west

After XPO deal, STG CEO sees ‘perfect storm’ of opportunity

STG removes third-party capacity headwinds in latest deal.

STG Logistics made a big bet on the market for transloading freight last month, acquiring XPO Logistics’ intermodal unit in a $710 million cash transaction. However, the headlines from the day were framed mostly from XPO’s perspective as that company executes a breakup strategy focused on increasing shareholder value.

But what the deal provides STG should not be overlooked.

Vertical integration eliminates capacity concerns

Chicago-based STG is a containerized logistics provider offering services...

https://www.freightwaves.com/news/stg-ceo-sees-perfect-storm-of-opportunities-in-xpo-deal

How supply chain, drayage have evolved through the pandemic

The coronavirus pandemic both created new problems and highlighted existing issues across the supply chain. This has been especially evident at the ports. Unrelenting port congestion — coupled with equipment shortages — has made importing goods an irritating headache at best and an expensive nightmare at worst. 

Navigating today’s supply chain woes is not impossible, but it does require a new approach. Companies that have historically treated drayage and other inland transportation services as...

https://www.freightwaves.com/news/how-supply-chain-drayage-have-evolved-through-the-pandemic

How PGT Trucking mitigates risk at the Mexican border

For shippers who need cargo transported across the Mexican border, the solution usually involves some combination of outsourcing and transloading, which equates to numerous delays, extra costs and increased risk. If a U.S.-bound load departs the dock of a Mexican shipper on a Mexican trailer, it will likely arrive in Laredo, Texas, wait for clearance and a U.S. driver to take the load to its final destination. Often, cargo safety and integrity come into question at this point, as the load has...

https://www.freightwaves.com/news/how-pgt-trucking-mitigates-risk-at-the-mexican-border

J.B. Hunt offering transload service in New York to ease congestion

Transloading ocean freight is the latest step taken by J.B. Hunt to alleviate bottlenecks

J.B. Hunt Transport Services announced Friday it has started a new transload service in New York amid the nation’s supply chain bottlenecks.

The New York metro area service will provide shippers with port drayage, transloading and linehaul service to inland destinations. The operation will be supported by a facility in Jersey City, New Jersey, which was recently expanded.

J.B. Hunt (NASDAQ: JBHT) began using 25,000 square feet of space at the site in October to launch the service. The 24/7...

https://www.freightwaves.com/news/j-b-hunt-offering-transload-service-in-new-york-to-ease-congestion

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