Seacor Holdings continues to pare down its shipping sector assets, most recently selling off its Caribbean container business.
Pilot Freight Services, which operated under a national franchise network for decades, now owns 90% of its offices and monitors for future acquisitions.
The rail industry could see merger activity in the next five to 10 years should the regulatory and economic environment make them necessary.
PS Logistics announces that it has completed the acquisition of Southeast Logistics.
Is this a golden opportunity for a vertical integration, or is it a defensive move to bail out a troubled customer?
Global logistics software provider WiseTech picks up South Korean customs clearer Ready Korea for just over A$20 million ($13.7 million).
A spate of deadly trucking-related accidents has taken place around Australia over the last week. Truck rollovers were a major contributor to the death toll. There was also a range of other tragic accidents involving moving vehicles. In other Down Under Trucking news, a criminal trucker gets years in jail for killing another driver; hill descent apps; Freightways buys Big Chill.
The transaction is worth approximately $12.6 billion.
Engines in Australian trucks may have been modified to allow them to break speed limits. Australian police have been reading premises across the country. In other Down Under News: APE eats up AHG; new boss for Orcoda; mobile phone driving surveillance laws; broken bridges; accident black spots; corporate debt.
