Port Jersey Logistics

DDC FPO | July 08, 2020

DDC FPO of The DDC Group has released a new report showcasing the findings of its recently conducted market research study, which investigated the changes in business priorities and operational spending throughout the freight landscape in response to the novel coronavirus pandemic ("COVID-19").The data featured in this comprehensive report, Adapting to a Pandemic: Freight Market Budget & Priority Shifts In 2020, was compiled from an industry survey responded to by executives ...

Business Insider | January 14, 2020

As with many other areas of the economy, the digital revolution is having a profound effect on delivery logistics. The combination of mobile computing, analytics and cloud services, all of which are fueled by the Internet of Things (IoT), is changing how delivery and fulfillment companies are conducting their operations. One of the most popular methods for fulfilling deliveries today is through third-party logistics, which involves any company that provides outsourced services to move products a...

Transportation

ButcherJoseph & Co. | June 09, 2022

ButcherJoseph & Co. (“ButcherJoseph”) advised Smith Transport, Inc. (“Smith” or the “Company”), an asset-based truckload carrier headquartered in Roaring Spring, Pennsylvania, on its sale to Heartland Express, Inc. (NASDAQ: HTLD) (“Heartland”). The transaction closed in June of 2022. Heartland acquired 100% of the equity of Smith and related companies for a cash-free, debt-free enterprise value of approximately $170 million...

Logistics

GXO Logistics, Inc | May 25, 2022

GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced that, effective , it has completed its cash and share offer for Clipper Logistics plc (the “Acquisition”), following the Court’s sanction of the scheme of arrangement two business days prior to this announcement. “We are very pleased to achieve this important milestone. Through this powerful combination, GXO will accelerate our bus...