Worldwide Express

Freight Essentials urges industry to speak up in WWEX legal fight

Freight Essentials is pushing back against WWEX Group’s effort to maintain redactions in the third amended petition to Freight Essentials’ lawsuit against WWEX.

WWEX and its affiliates, Worldwide Express, GlobalTranz and Unishippers, filed a motion on Dec. 17 to maintain the redactions and seal the unredacted version.

The defendants argue that certain details in the lawsuit contain sensitive business information that, if disclosed, could harm their competitive position, but Freight Essentials, a...

https://www.freightwaves.com/news/freight-essentials-urges-industry-to-speak-up-in-wwex-legal-fight

TriumphPay records progress on profitability in tough quarter

Although some of the metrics at TriumphPay weakened in the second quarter, the trucking-focused Triumph Financial said that segment — which management sees as the key to its future — continued to move toward EBITDA profitability.

The management at Triumph Financial (NASDAQ: TFIN), which operates the TriumphPay payments and audit network as well as its traditional factoring activities, has repeatedly invoked earnings before interest, taxes, depreciation and amortization as the measurement of...

https://www.freightwaves.com/news/triumphpay-records-progress-on-profitability-in-tough-quarter

The inside story on how GlobalTranz and WorldWide Express came together

NEW YORK — At a daylong conference earlier this month focused on the explosion of private equity interest and money in the logistics sector, attendees heard from a CEO behind one of the biggest deals of 2021: the merger that brought together 3PLs GlobalTranz and Worldwide Express.

Bob Farrell of GlobalTranz told a conference sponsored by the Benesch law firm that “private equity is about turning intentions into reality.” And with the backing of CVC Capital Partners, that happened this year when...

https://www.freightwaves.com/news/the-inside-story-on-how-globaltranz-and-worldwide-express-came-together

Logistics Tech Summit: Adjusting carrier technology for smaller businesses

Worldwide Express COO talks about adjusting technology for smaller carriers.

This fireside chat recap is from FreightWaves’ North American Logistics Tech Summit on Wednesday.

FIRESIDE CHAT TOPIC: A look into the technology of the small and midsized shipper market

DETAILS: The entry point for 3PLs selling into the small and midsized shipper market is providing the technology this customer segment is missing. Joel Clum and Kevin Hill, executive publisher at FreightWaves, define this market and the technology solutions needed to capture market share.

SPEAKER: Clum is the...

https://www.freightwaves.com/news/logistics-tech-summit-adjusting-carrier-technology-for-smaller-businesses

Breaking news: Worldwide Express, GlobalTranz to merge

Third-party logistics providers Worldwide Express LLC and GlobalTranz Enterprises LLC said Friday that they have merged in a multibillion-dollar deal arranged by a consortium led by CVC Capital Partners, which is providing most of the equity to consummate it.

The merger, expected to close sometime in the third quarter, will create a $4 billion-a-year organization that will have distinct modal strengths yet have its hand in most of the U.S. transportation pie. Both firms have strong relationships...

https://www.freightwaves.com/news/breaking-news-worldwide-express-globaltranz-to-merge

GSCW chat recap: Scalable supply chain digitization strategies

This fireside chat recap is from Day 6 of FreightWaves’ Global Supply Chain Week. Day 6 focuses on global maritime.

FIRESIDE CHAT TOPIC: Building a scalable supply chain digitization strategy

DETAILS: Every corner of the transportation industry has seen some level of digitization, but it doesn’t happen overnight. Christian Piller, vice president of value engineering at project44, and Dolly Wagner-Wilkins of Worldwide Express discuss the biggest areas of opportunity for supply chain digitization...

https://www.freightwaves.com/news/gscw-chat-recap:-scalable-supply-chain-digitization-strategies

Seko Logistics under new ownership

Global freight forwarder and logistics provider Seko Logistics said Thursday that private equity firm Ridgemont Equity Partners has become its majority investor by acquiring a large stake from fellow private equity concern Greenbriar Equity Group LP.

Terms of the transaction were not disclosed. However, an industry source said the Greenbriar sale to Ridgemont fetched more than $500 million. New York-based Greenbriar, which acquired a majority position in Seko in 2015, will continue as a minority...

https://s29755.pcdn.co/news/seko-logistics-under-new-ownership

Commentary: How Cargomatic started the digital brokerage boom

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

When Uber launched in 2010, it didn’t take a logistics genius to wonder how the technology and business processes the company brought to market for people was going to reshape the trucking industry. Fast-forward to 2020 and Uber for X is a movement that has already come and gone.

While it may seem that Uber Freight and Convoy have cornered the digital freight...

https://s29755.pcdn.co/news/commentary-how-cargomatic-started-the-digital-brokerage-boom