When Complete, Transaction Helps Drive UPS’s “Better and Bolder” Strategy ATLANTA–(BUSINESS WIRE)–UPS (NYSE: UPS) announced today it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion. “As UPS positions itself to become the premium small package provider and logistics partner in the world, the decision to […]
Creates the third-largest provider of brokered transportation in North America – a scaled industry leader Strategic transaction immediately and significantly accretive to RXO’s adjusted diluted earnings per share and adjusted free cash flow Expands RXO’s market position with increased capacity for customers and increased access to freight for carriers Purchase price of $1.025 billion in […]
ELKHART, Ind.–(BUSINESS WIRE)–Truck Accessories Group, LLC d/b/a Leer Group is proud to announce the appointment of Alan Farash as the new President and Chief Operating Officer. Alan joins the Leer team with senior level experience in lean manufacturing, strategic business development, operations management, and brand positioning. His proven history of overseeing specialty and commercial vehicle […]
Announces the expansion of its asset-backed securitization program to enable incremental growth in finance income RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2024. First Quarter Highlights: Retail used unit sales decreased 3.1% and comparable store used unit sales decreased 3.8% from the prior year’s first quarter; wholesale […]
CHICAGO–(BUSINESS WIRE)–JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) has approved the offer document and prospectus related to JBT’s voluntary takeover offer to acquire all issued and outstanding shares […]
Company affirms its commitment to innovation and its rigorous assessments of outcomes against strategic objectives in order to expand position as the leader in logistics EDEN PRAIRIE, Minn.–(BUSINESS WIRE)–$CHRW #CHRobinson–In a pivotal move, global logistics leader C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) has announced that Arun Rajan, their Chief Operating Officer (COO), will […]
BEAVERTON, Ore.–(BUSINESS WIRE)–DAT Freight & Analytics today named Jeff Clementz as Chief Executive Officer. Clementz joined DAT in 2023 as Chief Product Officer, a role he will oversee until a new CPO has been hired. “We are delighted to welcome Jeff as the new CEO,” said Satish Maripuri, DAT’s Interim CEO & Group Executive at […]