The takeover will add the UK’s largest maritime intermodal service provider to the carrier’s rapidly expanding logistics portfolio.
Excess capacity and lower rates are drawing some LTL freight into the truckload sector, helping to depress overall LTL volumes, FedEx quarterly results indicate.
A frenzy of acquisition activity in the truckload market continued this week, with software provider Highway buying Newtrul, a marketplace founded to compete with DAT and Truckstop.com.
