Author: Dan Bearth

The strongest economy in decades drove big gains in 2018 for most, but not all, of the largest freight carriers in North America. Check out our 2019 Top 100 For-Hire Carrier rankings.

Logistics companies are employing new business strategies to adapt to an ever-changing market.

Kane Is Able Inc., a warehousing and distribution business in operation since 1930, announced that Harkness Capital Partners agreed to make an unspecified equity investment in the firm as part of a strategy to expand the company’s services and national presence.

FourKites has received $35 million from investors to fund expansion of its shipment tracking technology to new international markets and to develop new products.

Titanium Transportation Group has acquired Canadian dry van truckload and flatbed carrier Xpress Group, based in Windsor, Ontario, for C$3.1 million in cash and the assumption of C$5.2 million in debt.

ClearMetal, a San Francisco-based technology startup that is using artificial intelligence to develop what it calls “predictive logistics,” has received $9 million in second-round funding from an investment group led by Prelude Ventures and Innovation Endeavors.

Beacon Roofing Supply Inc. has agreed to acquire Allied Building Products Corp., based in East Rutherford, N.J., for $2.6 billion.