STG Logistics Clears Final Bankruptcy Hurdle, Exit Set for June
Court approval puts Dublin, Ohio-based carrier on track to emerge from Chapter 11 within weeks after four-month restructuring.
Carrier Business
Carrier bankruptcies, mergers, acquisitions, layoffs, earnings, expansion, and insurance market shifts.
Amerit Buys Pro Reefer, Expands Maintenance Network Into Canada
Fleet maintenance consolidator adds Canadian reefer-trailer specialist to cross-border service footprint.
Why Dedicated Fleets Cut Fuel Risk and Driver Churn for Small Carriers
Modern dedicated transportation models transfer fuel volatility and labor instability off your books: without the capital outlay of a private fleet.
5,183 Freight and Warehouse Workers Laid Off Across 20 States
FreshRealm bankruptcy, 3PL contract losses, and supply chain restructuring drive cuts at warehouses, trucking companies, and automotive suppliers nationwide.
States Pitch Trucking Industry at Commerce Dept. Investment Summit
Economic development officials at SelectUSA 2026 courted both foreign capital and domestic trucking companies looking to relocate or expand.
STG Logistics Cuts $1B Debt, Exits Bankruptcy This Month
Court approval clears Dublin, Ohio intermodal marketer to emerge from Chapter 11 with 90% debt reduction and $150M fresh capital.
FedEx Freight Spinoff Closes June 1, What the Split Means for LTL Rates
FedEx board approves separation of nation's largest LTL carrier. Shareholders get one FDXF share per two FDX shares held as of May 16. FedEx retains 19.9%…
BMO Transportation Finance Sold to Stonepeak, One of Trucking's Largest Lenders Changes Hands
Stonepeak acquires BMO's transportation lending unit in a deal that reshapes credit access for carriers. BMO retains a minority stake.
Federal Excise Tax Adds $15,000–$30,000 to New Truck Price, ATA Says
Industry group renews push to repeal 12% federal excise tax on new Class 8 tractors, citing upfront cost barrier that keeps older trucks on the road.
BMO Sells Truck Financing Units to Stonepeak in Undisclosed Deal
Infrastructure investor Stonepeak acquires BMO's commercial truck financing businesses for undisclosed cash plus earnout tied to performance targets.
Manhattan Associates Lifts 2026 Forecast After Q1 Revenue Tops $282M
Supply chain software provider raises full-year EPS guidance to $5.29–$5.37 on stronger cloud revenue, but stock remains 16% below December peak.
DQS Acquires Contract Logistics Provider CLI in Warehouse Push
The deal adds 5 million square feet of warehouse space across 17 states and a proprietary WMS to DQS's growing transportation platform.