TAB Bank provided a California-based logistics company with a $1.5 million credit facility that spans multiple years. The company will rely heavily on the facility to fund growth and significantly expand its sales and contract pipeline, which is...
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March 18, 2024, 07:18 AM
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Fleet Advantage announced Brian Holland, CPA, CTP, CLFP, President and CEO; John Rickette, CTP CLFP, Vice President of Portfolio & Manager of the company’s Transaction Management Team; and Tracy Derival, Marketing Assistant, have been named as three...
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February 14, 2024, 07:10 AM
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Wintrust Receivables Finance (WRF) closed a new $15 million account receivable line of credit for a Southwest-based, third-party logistics firm. The company focuses on full truckload freight for enterprise shippers from across the country. The...
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November 01, 2023, 07:00 AM
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Clarus Capital announced it completed an add-on to an existing equipment lease facility for a multi- sponsor backed specialty logistics services provider. Incremental proceeds from the lease facility, now totaling $40 million, will continue to...
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October 23, 2023, 07:10 AM
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Capteris LLC announced the closing of a $15 million term loan with a major North American logistics solutions provider. The loan was part of a larger refinancing package by which Capteris was able to provide an attractive debt solution that allowed...
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October 23, 2023, 07:05 AM
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Ryder System, Inc., a provider of supply chain, dedicated transportation and fleet management solutions, announced the establishment of Baton, A Ryder Technology Lab, based in Silicon Valley. Baton’s mission is to pioneer a suite of groundbreaking...
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August 02, 2023, 07:17 AM
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JLL, a global commercial real estate and investment management company, has announced an agreement with DLL to provide clients with funding options to finance supply chain, logistics and automation equipment, technology and software. Available in...
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June 23, 2023, 07:23 AM
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Clarus Capital announced it completed a new $30 million lease facility for a specialty logistics provider with hubs at major infrastructure facilities around the U.S. and abroad. Financing proceeds will support corporate liquidity, new equipment...
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May 08, 2023, 07:20 AM
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Investments in supply chain and logistics have shot up exponentially over the last few years. To improve supply chain resilience and better manage complexity, companies are increasingly investing in real estate, new equipment or technology and...
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April 26, 2023, 07:22 AM
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Trinity Industries, Inc. announced the acquisition of RSI Logistics (RSI) for a purchase price of $70 million. RSI Logistics is a data-centric provider of proprietary software, logistics services and terminal management solutions to the North...
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March 10, 2023, 07:10 AM
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Fleet Advantage announced John Flynn, founder, and Al Barner, CTP, Senior Vice President of Strategic Fleet Solutions, have both been named two of Food Logistics’ 2023 Rock Stars of the Supply Chain Award. Food Logistics’ 2023 Rock Stars of the...
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March 02, 2023, 07:12 AM
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Evans Transportation Services closed a new credit facility with PNC Bank. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400...
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December 22, 2022, 07:15 AM
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Amidst the growing uncertainty of today’s global supply chain, the 2023 Annual Third-Party Logistics Study gives insight into the challenges and opportunities facing suppliers and third-party logistics providers (3PLs). The publication, created in...
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September 26, 2022, 07:11 AM
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Ryder System, Inc., a provider of supply chain, dedicated transportation and fleet management solutions, announced it has acquired Baton, a San Francisco-based startup known for the development of a proprietary logistics technology focused on...
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September 02, 2022, 07:20 AM
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Ryder System has been named as a “Green Supply Chain Partner” in the annual Inbound Logistics “G75” special section for the 14th consecutive year. This award recognizes the 75 leading third-party logistics providers that demonstrate a deep commitment...
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July 25, 2022, 06:15 AM
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Clarus Capital announced it has completed a new $20 million credit facility for a leading specialty logistics and transportation provider. The facility will be deployed into new equipment that supports continued strong demand as the company further...
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June 07, 2022, 07:21 AM
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James Stetz has joined NationaLease, one of the largest full-service truck leasing, rental and logistics organizations in North America, as Vice President Dedicated Contract Carriage. He will be responsible for growing the organization’s dedicated...
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February 01, 2022, 07:20 AM
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Ryder System, Inc. announced it is listed among Food Logistics’ Top Third-Party Logistics & Cold Storage Providers for 2021. The honor marks Ryder’s ninth consecutive year on the list. Each year, the publication’s editorial team and advisory board...
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August 30, 2021, 07:07 AM
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Ryder System, Inc. announced it was named by Inbound Logistics as a Top 100 3PL Provider for 2021 for demonstrating supply chain excellence. Each year, the publication’s editorial team selects the third-party logistics (3PL) providers that offer the...
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August 23, 2021, 07:09 AM
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Ryder System, Inc. announced further expansion of Ryder Last Mile, a customizable, multi-tiered delivery solution for big-and-bulky goods. With new hubs in Milwaukee and Philadelphia, Ryder continues to position its customers – some the world’s...
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July 23, 2021, 07:07 AM
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Fleet Advantage announced it has been named to Food Logistics’ 2020 FL 100+ Top Software and Technology Providers annual list. This is the seventh straight year that Fleet Advantage has been included on the list, which honors leading software and...
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January 11, 2021, 07:00 AM
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Nuverra Environmental Solutions, Inc. announced the closing of a multi-faceted debt refinancing with First International Bank and Trust based in Watford City, ND. Nuverra executed a $10.0 million real estate loan, a $13.0 million equipment financing...
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November 25, 2020, 07:06 AM
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Uber Technologies, Inc. and Greenbriar Equity Group, L.P., a New York-based investment firm and one of the leading investors in the logistics space, announced an investor group led by Greenbriar has committed to invest $500 million in a Series A...
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October 05, 2020, 07:22 AM
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Every week, Ritchie Bros.' GovPlanet marketplace sells thousands of items from the U.S. Department of Defense, including demilitarized vehicles, uniforms, tents, medical supplies, and more. In mid-March, when a shortage of personal protective...
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April 28, 2020, 07:20 AM
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CIT Group Inc. announced its Real Estate Finance business served as administrative agent for an $87 million loan to finance construction of a new logistics warehouse and storage facility adjacent to John F. Kennedy International Airport in Queens, NY...
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January 27, 2020, 07:10 AM
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Wintrust Receivables Finance announced the closing and funding of a $20 million credit facility for a third-party logistics provider based in Chicago. The company, which was founded two years ago, has become one of the fastest growing enterprises in...
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October 30, 2019, 07:06 AM
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The American Trucking Associations released its latest ATA Freight Transportation Forecast: 2019 to 2030, an annual projection of the state of the freight economy, showing continued growth in the industry.“America’s trucking industry, and the overall...
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August 26, 2019, 07:00 AM
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Wintrust Commercial Finance (WCF) announced it acted as lead arranger for a $90 million term loan facility for a national transportation and logistics services firm. Proceeds from the facility, which includes a $40 million accordion feature, will be...
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May 02, 2019, 07:20 AM
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BNP Paribas Leasing Solutions announced the appointment of Philippe Lambert as Managing Director of the Equipment and Logistics Solutions (ELS) International Business Line, and member of the Executive Committee, effective April 1.Lambert, 52, has...
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March 28, 2019, 07:15 AM
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Atlas World Group Inc., which is composed of a portfolio of companies that delivers transportation and related services globally through a network of agents and select service partners, announced plans to form a new leasing company, AWG Equipment...
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March 12, 2019, 07:30 AM
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CIT Group Inc. announced it is creating a new Logistics Finance unit within its Capital Equipment Finance business to deliver expanded leasing and financing solutions to all stages of the supply chain. The logistics equipment category broadly...
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July 20, 2018, 07:30 AM
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Covenant Transportation Group, Inc. announced it has completed the acquisition of Landair Holdings, Inc. of Greeneville, Tenn., the holding company for Landair Transport, Inc. and Landair Logistics, Inc. in a $83 million deal.Landair is a dedicated...
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July 06, 2018, 07:10 AM
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Kevin Plummer has joined NationaLease as National Account Executive — West Region. He will be responsible for growing the organization’s full-service lease, contract maintenance and dedicated logistics business solutions.Since 2010, Plummer has held...
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May 31, 2018, 07:24 AM
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Billionaire philanthropist Bill Gates has joined a group of big name investors who hope to give Uber a run for its money in the emerging market for on-demand freight-sharing.The software pioneer recently joined a group of financers that includes...
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July 28, 2017, 07:19 AM
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Roadrunner Transportation Systems (“Roadrunner”), a leading asset-right transportation and asset-light logistics service provider, announced that it has closed a new five-year $292 million asset-based lending facility (“ABL”) provided by BMO Harris...
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July 24, 2017, 07:05 AM
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AmeriQuest Business Services, a provider of financial process automation, procurement, and asset management solutions, announced that Patrick Barrett has joined the company as Vice President of Financial Services. Patrick will report directly to Pat...
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June 16, 2016, 07:00 AM
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The arrival of Uber for trucking or mobile-based freight brokering is ushering in a new era in the North American trucking and freight logistics market. Currently, inefficiency plagues the freight movement and logistics market, with approximately 20...
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October 28, 2015, 07:26 AM
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Caterpillar Inc. announced it has signed an agreement that would result in Platinum Equity acquiring a 65% equity stake in Caterpillar Logistics Services LLC, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics...
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May 11, 2012, 07:30 AM
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