Penske Logistics Acquires Epes Transport

The acquisition will help Penske grow by enhancing its portfolio of transportation and logistics solutions to shippers.

June 20, 2018

Penske Logistics

JOC reports that Penske Logistics has bought North Carolina-based Epes Transport System. The acquisition is a chance for the company to expand its service offerings into for-hire truckload.

Epes generates upwards of $400 million in revenue per year and about $20 million to $30 million in earnings each year, JOC reports. The acquisition will help Penske grow by enhancing its "portfolio of transportation and logistics solutions to shippers."

The agreement is expected to close within the next few weeks, according to JOC.

At the time of this release, terms of the deal were not disclosed.

Penske Logistics

Women In Supply Chain Vertical Color

Nominations Close June 7 for 2024 Women in Supply Chain Award

This award recognizes female supply chain leaders and executives whose accomplishments set a foundation for women in all levels of a company’s supply chain network. Submissions close June 7!

Adobe Stock 207220202

SCN Summit: State of the Supply Chain

June 4, 2024

Register now to hear from experts about the State of Today’s Supply Chains through topics revolve around Warehouse Automation, Generative AI, Automation, Electrification, Company Culture and more.

Mitigating supply chain threats is of utmost importance heading into 2024.

Mitigating Supply Chains: More Than Just Table-Stakes

Not being able to see ahead and predict and plan accordingly is what sometimes plagues many of today’s supply chain companies. Here’s why mitigating supply chain threats is of utmost importance heading into 2024.

Gorodenkoff Adobe Stock 465501008

Lineage Logistics Rebrands to Lineage

Lineage Logistics officially rebranded, changing its name from Lineage Logistics to Lineage.

Pexels Students At Table

Leveraging Diverse Generational Skills for AI-Driven Logistics Success

The next five years represent a unique moment of generational equilibrium when all these qualities will co-exist in the logistics workforce. This is a golden opportunity that the industry should seize.

Baltimore Bridge Christine Adobe Stock 769092028

How Baltimore Bridge Collapse Continues to Impact Shipments

Baltimore is running out of freight to pick up due to the lack of inbound shipments, so the containers at port have been sitting for a while.

Doubletree Studio Adobe Stock 225586230

Refrigerated Truckload Rates Fell in March

Spot truckload rates continued to slide in March as demand for trucking services moved toward typical seasonal levels, reported DAT Freight & Analytics.

Stock Supply Chain Photo

Global Trade Activity Indicates Rebound in Demand for Manufactured Goods

New data from Tradeshift's Q1 Index of Global Trade Health paints an encouraging picture for global trade, with robust growth observed in China and the United States, alongside indications of a rebound in global demand for manufactured goods.

Wireless Links Reefer Sensor

IoT Technology for Reefer Trailer Temperature Monitoring

The LoRa ATL-1 wireless temperature monitoring system from Wireless Links allows for a simple plug-and-play setup that is easily scalable for cold rooms and refrigerated trailers.

Grispb Adobe Stock 325399959

AI-Powered Planning Tool for Shipping Liners

Bearing AI launched an AI-powered Deployment Planner to help liners better balance the complexities of environmental compliance with increasing demand for quicker transportation of goods and the need to meet profitability goals.

Kalyakan Stock adobe com

Escalating Middle East Tensions Trigger Surge in Freight Rates

As the situation unfolds in the Middle East, stakeholders are closely monitoring developments and preparing for potential impacts on global trade and shipping markets.

Annika Adobe Stock 589591429

Digitalization Efforts to Help Shippers Navigate Complex Supply Chain Landscape

Digitalization will remain a linchpin of success, enabling all industry stakeholders to navigate the challenges and seize the opportunities that lie ahead in this dynamic world of global trade.

Quality Stock Arts Adobe Stock 507033815

Safeguarding Platform to Help Combat Fraud in Transportation and Logistics

Descartes Systems Group developed Descartes MacroPoint FraudGuard to help freight brokers, 3PLs and shippers identify and prevent fraudulent activities related to carrier information, load tracking, and shipment status.

Intangles Travel Shop Health Issues

InRoute Connect to Improve Turnaround Times for Commercial Vehicles in Need of Maintenance

Intangles announced InRoute Connect, a product designed to significantly improve the turnaround time of commercial vehicles in need of maintenance while on the road.

Generative Art Adobe Stock 609457865

Carrier Sourcing to Revolutionize Freight Brokerage Operations

Trucker Tools launched Carrier Sourcing, which empower freight brokers to source and vet new carriers with unparalleled confidence.

Olaf Simon Adobe Stock 350588461

Fuel Costs Could Remain Drag on Trucking Conditions

FTR’s Trucking Conditions Index (TCI) for February fell to -5.31 from January’s reading of -1.41. A sharp increase in diesel prices was the principal factor in the deterioration in market conditions for carriers.

Motortion Adobe Stock 230896892

Logistics Reimagined for Next-Level Customer Satisfaction

More companies are turning to integrated digital logistics ecosystems to help optimize their entire supply chain flow and maintain or improve the customer experience.

Baltimore Bridge Christine Adobe Stock 769092028

Baltimore Bridge Collapse Results in Severe Rating for Atlantic Ocean

Index data from ITS Logistics reflects the considerable demand shifts for the Ports of Norfolk, New York, and New Jersey due to the recent Francis Scott Key Bridge damage.

Stock Supply Chain Photo

AI Products to Provide Unprecedented Visibility into Physical Operations

Motive announced new products and services designed to significantly improve visibility for leaders in sectors like transportation, logistics and more.

Hit1912 Adobe Stock 144569221

March U.S. Import Container Volume Continues Strong Trajectory

In March, U.S. container import volumes increased 0.4% from February, but jumped 15.7% when compared to the same month last year, according to research from Descartes Systems Group.

Truck carries cargo with digital connections for global management.

Streamlining Transportation Management Strategies

As businesses continue to prioritize streamlined logistics, the strategies and subsequent actions taken will undoubtedly play a pivotal role in shaping the future of transportation management.

Annika Adobe Stock 589591429

Supply Chain Stability Improving Despite Ongoing Challenges: Study

Research from the Association for Supply Chain Management (ASCM) and KPMG LLP suggests a complete return to pre-pandemic normalcy remains unlikely in 2024 though.

Taina Sohlman Adobe Stock 331508680 Editorial Use Only

LTL and Truckload Rates Hold Steady

In parcel, the index shows the effect of fuel surcharge increases and other accessorial changes to drive net rate growth in Q1 and Q2 2024, despite limited overall demand.

Mike Mareen Adobe Stock 381902807 Editorial Use Only

Cold Chain Track-and-Trace Technology to Exceed $7B

ABI Research projects that worldwide revenues from food cold chain track-and-trace operations will surpass $7 billion by 2032.

Pexels Truck Fleet

Zipline Logistics Acquires Summit Eleven

Zipline Logistics acquired Summit Eleven, a multi-modal transportation provider.

I Qoncept Adobe Stock 261895566

Relying on 3PLs in a Flat Market

A reputable 3PL becomes the guiding light for shippers in flat market conditions, offering a comprehensive suite of services designed to prioritize reliability and service quality and mitigate the driver shortage.

Scharfsinn86 Adobe Stock 420080513

The Role of Medium-Duty EV Trucks During Peak Seasons

All last-mile food deliveries should be made with electric vehicles (EVs) sooner rather than later. So, the big question is, why aren’t we there yet?