Penske Logistics acquires Transfreight North America
Penske Logistics has reached an agreement to acquire Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Co. Ltd. The financial terms of the deal were not disclosed. “The Transfreight and Mitsui management teams have built a well-run and respected business over the last 27 years,” said Penske Logistics
The right network helps fleets cut downtime with telematics solutions
With the growing number of onboard applications being utilized by commercial vehicle fleets, addressing needs for communications networks that link with telematics systems is essential. Network requirements, costs and reliability are all increasingly important considerations for an industry that is inherently mobile. “No one wants to add downtime, so we’re seeing a rising rate of
