Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

newsworthy

YRC sells off part of logistics unit

Greatwide Logistics Services acquires YRC Logistics' U.S. dedicated contract carriage business in $34 million deal.

Mark Solomon
By Mark SolomonNov 25, 2009
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
See Full Bio

YRC Worldwide Inc. said Nov. 24 that its YRC Logistics unit had sold its U.S. dedicated contract carriage business for $34 million to Greatwide Logistics Services LLC, a leading provider of dedicated services in North America.

The sale includes customer contracts and the trucks and trailers used in this portion of the YRC Logistics portfolio, YRC said. The proceeds will be used to help pay down YRC's debt.

"This sale is a strategic move toward a more asset-light business model and aligns resources at YRC Logistics to focus on our core offerings, including transportation, distribution, and global services," John Carr, president of YRC Logistics, said in a statement.

Greatwide is working with YRC Logistics to place the 600 employees working at the YRC operation, YRC said.

ArticleTruckingTransportation
january 2010yrc worldwidegreatwide logistics services llc
ArticleTruckingTransportation
january 2010yrc worldwidegreatwide logistics services llc

The Latest

screen shot of AI assistant
Article

Accenture and Microsoft launch business AI unit

penske truck leasing site with rooftop solar panels
Article

Penske activates solar panels at three truck leasing sites

retail store tech AI zebra
Article

Retailers plan tech investments to stop theft and loss

More Stories

freight at a sea port

DOT delivers $580 million to boost port infrastructure

Leaders at American ports are cheering the latest round of federal infrastructure funding announced today, which will bring almost $580 million in Port Infrastructure Development Program (PIDP) awards, funding 31 projects in 15 states and one territory.

The money was funded by the Bipartisan Infrastructure Law and awarded by the U.S. Department of Transportation (USDOT)’s Maritime Administration (MARAD).

Keep ReadingShow less

Featured

Stampin’ Up!’s Riverton, Utah, distribution center
Article

Picking reimagined

map of IMC drayage terminals in US
Article

Kuehne+Nagel acquires 51% of Tennessee drayage firm IMC

U.S. map with drought risk
Article

Everstream Analytics quantifies how climate risk affects supply chains

drone flying through warehouse
Article

Robotic revolution

chart of global supplier capacity
Article

Suppliers report spare capacity for fourth straight month

Mobile robots, drones move beyond the hype

Mobile robots, drones move beyond the hype

Supply chains are poised for accelerated adoption of mobile robots and drones as those technologies mature and companies focus on implementing artificial intelligence (AI) and automation across their logistics operations.

That’s according to data from Gartner’s Hype Cycle for Mobile Robots and Drones, released this week. The report shows that several mobile robotics technologies will mature over the next two to five years, and also identifies breakthrough and rising technologies set to have an impact further out.

Keep ReadingShow less
warehouse automation systems

Cimcorp's new CEO sees growth in grocery and tire segments

Logistics automation systems integrator Cimcorp today named company insider Veli-Matti Hakala as its new CEO, saying he will cultivate growth in both the company and its clientele, specifically in the grocery retail and tire plant logistics sectors.

An eight-year veteran of the Georgia company, Hakala will begin his new role on January 1, when the current CEO, Tero Peltomäki, will retire after a long and noteworthy career, continuing as a member of the board of directors, Cimcorp said.

Keep ReadingShow less

Securing the last mile

Although many shoppers will return to physical stores this holiday season, online shopping remains a driving force behind peak-season shipping challenges, especially when it comes to the last mile. Consumers still want fast, free shipping if they can get it—without any delays or disruptions to their holiday deliveries.

One disruptor that gets a lot of headlines this time of year is package theft—committed by so-called “porch pirates.” These are thieves who snatch parcels from front stairs, side porches, and driveways in neighborhoods across the country. The problem adds up to billions of dollars in stolen merchandise each year—not to mention headaches for shippers, parcel delivery companies, and, of course, consumers.

Keep ReadingShow less
image of board and prevedere software

Board acquires Prevedere to build business prediction platform

The Boston-based enterprise software vendor Board has acquired the California company Prevedere, a provider of predictive planning technology, saying the move will integrate internal performance metrics with external economic intelligence.

According to Board, the combined technologies will integrate millions of external data points—ranging from macroeconomic indicators to AI-driven predictive models—to help companies build predictive models for critical planning needs, cutting costs by reducing inventory excess and optimizing logistics in response to global trade dynamics.

Keep ReadingShow less
Copyright ©2024.