Newark, March 27, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 390.5 million air freight unit load device market will reach USD 692.7 million by 2032. A Unit Load Device is a ...

FedEx is spinning off its less-than-truckload (LTL) business. After months of debate on what to do with FedEx Freight, the logistics giant decided it would separate the division into a standalone ...

FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded less-than-truckload carrier in North America in the process ...

UPS said it is selling its freight unit for $800 million to Canadian trucking company TFI International Inc. as part of its “better not bigger” strategy. UPS Freight, which trucks bulk shipments from ...

Hyundai Glovis, a logistics company headquartered in Seoul and part of the Hyundai Kia Automotive Group, has secured 1.42 trillion won (US$1.3 billion) in orders to ship vehicles, said a report in RTT ...

Uber Technologies Inc UBER recently announced that an investor group led by Greenbriar Equity Group, L.P., a New York-based private equity firm, will invest $500 million in a Series A preferred stock ...

Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about $2.25 billion that extends the ride-hailing giant’s reach ...