RAK Logistics

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...

Transportation

Descartes | January 24, 2023

On January 23, 2023, Descartes Systems Group, which provides solutions for logistics-intensive businesses, announced that Topps Tiles, a UK-based tile retailer, is using Descartes' cloud-based route optimization and planning solution to boost fleet delivery capabilities. Topps Tiles is reducing the average kilometers driven per delivery route by 2% through its collaboration with Descartes. The solution also helps Topps Tiles identify the potential impact of delivery strategy changes. Read More

Management, Freight

ABF Freight | September 08, 2022

ArcBest® ( Nasdaq: ARCB), a leader in supply chain logistics, announced that its less-than-truckload carrier, ABF Freight®, has been named a 2022 SmartWay High Performer in the multimodal carriers category. This recognition is based on SmartWay's annual emissions reports for partners who have achieved significant shipping and freight efficiencies and have met certain criteria for emissions output of carbon dioxide, nitrous oxide and particulate matter. This distinction demonstrates t...

Freight

Descartes | November 23, 2020

On Nov. 6th Descartes, a worldwide pioneer in joining organizations in business by providing cloud-based logistics and supply chain arrangements, acquired Shiptrack, a provider of cloud-based versatile asset the executives and shipment tracking arrangements, with an end goal to consolidate their particular innovations and experience to improve the last mile in the conveyance cycle, among different angles. 2020 has been a significant year for the e-commerce sector, as an ever incre...