USPack

The Daily Dash: Rates are rising

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, spot rates are climbing quickly across the country as capacity continues to tighten. Plus, a specialized hauler thrives during COVID-19 and Omnitracs gets a ratings review following its announced acquisition of SmartDrive.

Runaway rates

Freight rates continue to rise, with nearly half the lanes in the country seeing per-mile rates above $3. That means carriers are being more selective about what they...

https://s29755.pcdn.co/news/the-daily-dash-rates-are-rising

USPack acquires last-mile delivery, pool distribution firms

Last-mile logistics company USPack continued its mostly under-the-radar consolidation of its segment by acquiring Toledo, Ohio-based Freight Rite, a regional business-to-consumer (B2C) delivery provider.

At the same time, New York-based USPack acquired Gumro & Associates, a nationwide provider of pool distribution and store replenishment solutions. Gumro is based in the Detroit suburb of Auburn Hills, Michigan.

Terms of neither transaction were disclosed. 

The Freight Rite acquisition will push...

https://www.freightwaves.com/news/uspack-acquires-last-mile-delivery-pool-distribution-firms