NOTED
> RECOGNITION
> M&A
n Source Logistics , a specialist provider of dry
• PepsiCo recognized Averitt as its 2024
Asset Based Carrier of the Year–South Division for its truckload services; specifically its on-time performance, which exceeded the beverage company’s goal. • The Customized Logistics & Delivery Association recently honored three supply chain veterans who have had a significant impact on the last-mile sector: Errol Cvern, Mark Cossack, and the late Randy Edmonds.
and ambient warehousing, distribution, and fulfillment services, purchased LaGrou Distribution’s warehousing business, based in Northeast Illinois. n Allstates WorldCargo acquired freight forwarding and logistics company Saturn Freight Systems . n NTG Nordic Transport Group A/S acquired DTK BE Holding ApS , a Danish-based provider of part- and full-load solutions, temperature-controlled transportation, and a range of logistics services. n Jes' Brands , a data-driven ecommerce company operating on the Amazon Marketplace, and its wholly-owned subsidiary Smart Repair Pro purchased Pure NJ Logistics , a company that operates a strategically located logistics center equipped with 20 loading docks in New Jersey.
• Nussbaum Transportation Services received the 2024 TCA Fleet Safety Awards Grand Prize (large carrier division) from the Truckload Carriers Association to recognize its safety programs and leading accident frequency ratios.
• The National Motor Freight Trac Association and Ben Wilkens , its cybersecurity principal engineer, were recognized with a 2025 Cybersecurity Excellence Award for Cybersecurity Project of the Year. The submission, Empowering Small Fleets with Cybersecurity Tools: NMFTA’s Game-Changing Guidebook , is a resource to help owner operators, as well as small and mid-sized trucking fleets, strengthen their cybersecurity defenses against digital threats.
n Advantive acquired Commerce Vision , a digital commerce platform in Australia and New Zealand.
n Descartes Systems Group acquired 3GTMS , a transportation management solutions provider that combines cloud architecture, a large carrier network, and planning-driven automation to help shippers improve costs and customer satisfaction. n Armlogi Holding Corp. , a U.S.-based warehousing and logistics service provider will acquire Leopard Transnational Inc. , a California-based logistics provider specializing in cross-border ecommerce fulfillment.
• CN was recognized as one of the Top Sustainability Performers in the Transportation Industry by the 2025 S&P Global Yearbook as a result of its overall score from the S&P Global Corporate Sustainability Assessment.
> INVESTMENTS
n The Kenan Advantage Group (KAG) acquired Evergreen Transport , a transportation company specializing in the delivery of dry bulk materials throughout the Southeastern United States.
n CADDi, an AI data platform for manufacturing companies, raised a $38m Series C extension round led by Atomico, with existing investors Global Brain and Minerva Growth also participating. CADDi uses AI to transform legacy drawings and supply chain data, aiming to enhance eciency and reduce costs in the manufacturing sector.
April 2025 • Inbound Logistics 13
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