The daily dash: worldwide express, globaltranz to merge

The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight a big merger between two huge 3PL providers, NextNav’s merger with a SPAC and

more. THE HIGH FIVE 1. THIRD-PARTY LOGISTICS PROVIDERS WORLDWIDE EXPRESS LLC AND GLOBALTRANZ ENTERPRISES LLC said Friday that they have merged in a multibillion-dollar deal arranged by a

consortium led by CVC Capital Partners, which is providing most of the equity to consummate it. _MARK SOLOMON WITH THE BREAKING NEWS_ ------------------------- 2. NEXTNAV’S PRIMARY PRODUCT

IS A NEXT-GENERATION GPS SYSTEM that provides far more spatial data than a standard system, such as where in a building an item is located. NextNav’s next step is going public through a

merger with a special purpose acquisition company. _JOHN KINGSTON’S STORY_ ------------------------- 3. DATA RELEASED FRIDAY FROM CASS INFORMATION SYSTEMS shows the freight industry advanced

at a blistering pace during May. The Cass Freight Index logged the highest-ever growth rates in the shipments and expenditures components of the dataset’s more than 30-year history._ __TODD

MAIDEN WITH MORE_ ------------------------- 4. AN INDUSTRY GROUP FOCUSED ON INTERNATIONAL TRADE IS WARNING that air and rail freight transportation could be negatively impacted if tensions

escalate between Western allies and Belarus over the forced landing of a passenger jet and the arrest of a dissident journalist last month. _ERIC KULISCH’S STORY_ TO CONTINUE READING THIS

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