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Hub Group Enters the M&A Arena

Freightwaves is reporting that Hub Group has entered the refrigerated over-the-road transport business with a $130M all cash acquisition of Choptank Transport. This gives Hub a large segment of both Intermodal and OTR refrigerated transport. For more information regarding Fenichey’s ability to help you move your markets, please contact us at info@fenichey.com or give your rep a call today!  …

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M&A in Transportation Continues

M&A in Transportation Continues

It seems to have started with TFI’s acquisition of UPS Freight, or Penske’s deal with Black Horse, and now Uber announced today that they’ve agreed to purchase Transplace for $2.25B.  This on the heels of Knight Swift’s deal with AAA Cooper and Werner’s acquisition of a couple smaller regional truckload carriers. The covid era brought supply/demand issues causing rates to…

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Yellow Freight is back!

Looks like the YRC name is going to fade away as YELLOW has been resurrected! With that, Yellow is hiring 1500 drivers and expanding their in house driver training program.  This is decidedly good news in an industry with diminishing capacity  

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