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

Latest Stories

NFI acquires CAI Logistics

Deal expands NFI’s services, enhances brokerage, intermodal, and global freight forwarding capabilities throughout North America.

DC Velocity Staff
By DC Velocity StaffAug 17, 2020
DC Velocity Staff
See Full Bio

Third-party logistics (3PL) services provider NFI has acquired CAI Logistics, the non-asset logistics division of CAI International, Inc., the company said today. 

The deal expands Camden, N.J.-based NFI’s suite of supply chain services, specifically enhancing its brokerage, intermodal, and global freight forwarding capabilities across North America. CAI Logistics generates more than $100 million in annual revenue and will boost NFI’s non-asset logistics business to $500 million in annual revenue, making up 20% of NFI’s total revenue of roughly $2.5 billion, NFI officials said.

NFI is an asset and non-asset intermodal provider focused on growth via acquisition. The CAI deal is the firm’s 20th acquisition since 2000.

ArticleTransportation 3PLSC Services
nficai logistics
ArticleTransportation 3PLSC Services
nficai logistics

The Latest

port of oakland port improvement plans
Article

Port of Oakland to modernize wharves with $50 million grant

screen display of GPS fleet tracking
Article

Commercial fleets drawn to GPS fleet tracking, in-cab video

More Stories

forklifts working in a warehouse

Averitt tracks three hurdles for international trade in 2025

Businesses engaged in international trade face three major supply chain hurdles as they head into 2025: the disruptions caused by Chinese New Year (CNY), the looming threat of potential tariffs on foreign-made products that could be imposed by the incoming Trump Administration, and the unresolved contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), according to an analysis from trucking and logistics provider Averitt.

Each of those factors could lead to significant shipping delays, production slowdowns, and increased costs, Averitt said.

Keep ReadingShow less

Featured

graphic of coverage areas for US DOT
Article

Trump nominates former Wisconsin Congressman Duffy for DOT

pickle robot unloading truck
Article

Pickle Robot lands $50 million in VC for truck-unloading robots

cma cgm container freight ship
Technology

CMA CGM crowns seven winners in startup awards

Report: SMEs hopeful ahead of holiday peak
Featured

Report: SMEs hopeful ahead of holiday peak

legal scales and gavel

FMCSA rule would require greater broker transparency

A move by federal regulators to reinforce requirements for broker transparency in freight transactions is stirring debate among transportation groups, after the Federal Motor Carrier Safety Administration (FMCSA) published a “notice of proposed rulemaking” this week.

According to FMCSA, its draft rule would strive to make broker transparency more common, requiring greater sharing of the material information necessary for transportation industry parties to make informed business decisions and to support the efficient resolution of disputes.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less
chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less
person using AI at a laptop

Gartner: GenAI set to impact procurement processes

Progress in generative AI (GenAI) is poised to impact business procurement processes through advancements in three areas—agentic reasoning, multimodality, and AI agents—according to Gartner Inc.

Those functions will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs). And 72% of procurement leaders are already prioritizing the integration of GenAI into their strategies, thus highlighting the recognition of its potential to drive significant improvements in efficiency and effectiveness, Gartner found in a survey conducted in July, 2024, with 258 global respondents.

Keep ReadingShow less
Copyright ©2024.