Category: Management

STG Logistics Expands its Intermodal Network in Canada

STG Logistics Expands its Intermodal Network in Canada

| August 24, 2023

STG Logistics will utilize its fleet of 15,000 GPS equipped 53′ intermodal containers and proprietary Rail Optimizer system to move shipments both intra-Canada and cross-border STG Logistics will expand its intermodal network by providing service into and out of the following Canadian markets: Vancouver, Calgary, Edmonton, Winnipeg, Moncton, and Halifax. These additions will complement the company’s current Canadian services in the Toronto and Montreal markets. STG Logistics […]

Read More

H.I.G. Capital Signs Definitive Agreement to Acquire Ascent Global Logistics

H.I.G. Capital Signs Definitive Agreement to Acquire Ascent Global Logistics

| August 23, 2023

“Ascent is the preeminent provider of time-critical logistics services and is uniquely positioned to meet the increasing complexity within global supply chains,” said Rob Jang, Managing Director at H.I.G. H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $58 billion of capital under management, has signed a definitive agreement to acquire Ascent Global Logistics […]

Read More

ATA Truck Tonnage Index Decreased 0.8% in July

ATA Truck Tonnage Index Decreased 0.8% in July

| August 23, 2023

Index 3.0% Below July 2022 American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 0.8% in July after falling 0.3% in June. In July, the index equaled 112.9 (2015=100) compared with 113.8 in June. “Headwinds for freight remained in July, pushing the truck tonnage index lower,” said ATA Chief Economist Bob Costello. “As has been […]

Read More

Penske Reaffirms Longstanding Commitment to Veteran Hiring by Joining U.S. Army’s PaYS Program

Penske Reaffirms Longstanding Commitment to Veteran Hiring by Joining U.S. Army’s PaYS Program

| August 22, 2023

The PaYS Program is a strategic partnership between the Army and a cross section of private industry, academia and state and local public institutes Penske Transportation Solutions furthered its ongoing commitment to veteran hiring across its truck rental, truck leasing and logistics businesses in by signing a strategic commitment with the U.S. Army Partnership for Your Success (PaYS) program. “We’re honored to begin this […]

Read More

FleetDrive 360 Unveils Enterprise Package, Delivering Comprehensive Solutions for Larger Fleets

FleetDrive 360 Unveils Enterprise Package, Delivering Comprehensive Solutions for Larger Fleets

| August 22, 2023

Customizable branding features for driver qualification and consolidated compliance management empower larger fleets to optimize operations FleetDrive 360, a leading provider of cloud-based solutions for FMCSA and DOT compliance management, launched its Enterprise version tailored specifically for larger fleets. This new package combines advanced compliance management features with customizable branding capabilities, all within a single, […]

Read More

How to Avoid Trucking Scams

How to Avoid Trucking Scams

| August 18, 2023

Truckstop’s Fraud Prevention Friday explores how to avoid being scammed, carriers and owner-operators should understand the common fraudulent tactics they might encounter It’s all too frequent in the world of trucking for carriers to haul a load they believed to be legitimate only to realize later that they’ve been scammed, leaving them unpaid and sometimes with […]

Read More