Meanwhile, the parcel giant and third-party logistics provider also announced plans to offer Saturday delivery options in large metropolitan areas in the U.S. and began testing a residential drone delivery system.
The Waco, Texas-based less-than-truckload common carrier’s purchase of certain assets of Wilson Trucking expands Central Freight Lines’ reach into the southeastern United States and Puerto Rico, the company said in a statement.
The largest cargo gateway on the U.S. East Coast handled 4.56 million TEUs of loaded containers for the full year, a 1 percent decline from 2015 levels, according to recent data from the Port Authority of New York and New Jersey.
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Iptor Supply Chains Systems names new chief financial officer, while PayAnyBiz hires executive vice president of sales and marketing.
Truckload carriers are bullish on the potential of the Trump administration and Congressional proposals to ease regulations and stimulate the economy, but rate levels remain a concern.
The Oak Brook, Ill.-based multi-modal transportation management company saw net income grow 5.4 percent to $74.8 million for the full year in 2016 even as revenues remained relatively flat compared with the previous year.