Exel’s new owner gains temperature-controlled services

Downers Grove, IL, US: Exel Transport’s “temperature protected service line” was one of the attractions for US freight broker Hub Group, which has bought rival Exel for around $83m. Exel provides temperature-controlled distribution for chilled and frozen products and it also offers intermodal refrigerated services. Exel Transportation – an affiliate of Exel Inc, which is a wholly owned subsidiary of Deutsche Post DHL – had 2010 sales of $717m. Intermodal accounted for about 41% of that. The new deal gives Hub a 20% share of the US intermodal market.

ETS is now a wholly-owned subsidiary of Hub Group, operating independently under the name Mode Transportation.

“We are extremely pleased to welcome Mode’s Independent Business Owners (IBOs), employees, and customers into the Hub Group family,” says David Yeager, Hub group chairman and chief executive. “This is an important day in the history of Hub. We are bringing together two strong and successful companies with highly complementary service offerings. Mode is the strongest third-party agent network in the industry with outstanding customer relationships and a diverse portfolio of solutions, including temperature-protected services. We are looking forward to working with the Mode Transportation team to continue its growth and expansion in the years to come.”

Mode Transportation’s headquarters will remain in Dallas, Texas.

WORLD NEWS

Daimler Trucks goes electric

Stuttgart, Germany: Daimler Trucks plans a range of electric trucks for urban distribution and long-haul transport and has launched a concept vehicle to demonstrate the …

READ THE FULL STORY >

Krone boosts telematics services

Werlte, Germany: Trailer maker Krone and Shippeo, which makes automated tracking systems, have partnered to provide real-time estimated time of arrival (ETA) for Krone’s trailer …

READ THE FULL STORY >

European Cold Chain Conference set for Rotterdam in November

Rotterdam, Netherlands: The 23rd GCCA European Cold Chain Conference is scheduled for 23 – 25 November 2020 at the Hilton Rotterdam. The conference for temperature controlled professionals will see …

READ THE FULL STORY >

Polish pharma firm opens new warehouse

Głogów. Poland: Polish pharmaceutical company Arra Group has opened a new temperature-controlled warehouse in Poland near Poznań. The company says the warehouse is in a …

READ THE FULL STORY >

WHAT’S ON

  • Cold Chain Insight
    Cold Chain Insight into Energy, 16-20 November – the first of the new virtual insight series

Latest Tweets

Cold Chain News September digest with 2020 Cold Chain Leaders tables plus @ColdChainShane on meeting the Brexit challenge: bit.ly/2ZMDikC pic.twitter.com/6lGBUeotLL

© 2020 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ