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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...

Business Wire | March 10, 2020

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on top supply chain management challenges facing companies in the food and beverage industry. Companies in the food and beverage industry face a plethora of logistics and supply chain management challenges. The volatile commodity prices, regulatory norms, new entrants in the market, and complex manufacturing constraints further add to the woes of the company. Such chal...

Logistics

Direct Connect Logistix | April 06, 2022

Direct Connect Logistix ("DCL"), a leading third-party logistics services company, and Tipton Holding Group ("Tipton"), the parent company of Hoosier Logistics ("Hoosier"), today announced that the two companies are joining forces to build the combined business into a national leader in third-party transportation and logistics services. Hoosier, founded in 2015 by Rob Likens and Nick Likens in Indianapolis, is a freight brokerage company with speciali...

Transportation

Unique Logistics International, Inc. | June 17, 2022

Unique Logistics International, Inc. (OTCMKTS: UNQL) ("Unique" or the "Company"), a global logistics and freight forwarding company, announced a 12-month ocean freight contract with The Kroger Company (NYSE: KR), a new customer for the Company. Under the terms of the agreement, the Company will serve as an ocean transport and logistics provider for The Kroger Company from the Asia-Pacific region to North America through April 2023. <...