Transportation & Logistics Industry Update
Harris Williams Deal Spotlight
Lazer Spot, Inc.
Harris Williams advises Lazer Spot, Inc., a portfolio company of funds advised by Greenbriar Equity Group, LP, on its sale to Harvest Partners. Lazer Spot is a leading independent provider of comprehensive yard management services and solutions.
What We’re Reading
As was expected, after the United States House of Representatives and Senate voted to move forward with the United States Mexico Canada (USMCA) agreement, as a replacement for its predecessor, the North American Free Trade Agreement, USMCA was formally signed into law on January 29. “This is the beginning of the next phase in our strong and productive relationship with Mexico and Canada,” said American Trucking Associations (ATA) President and CEO Chris Spear.
Year-over-year comps are improving, and on the demand side, continued retail sales strength and the inventory-to-sales relationship are pushing freight demand.
"The rail industry estimates that advances in detection technology are preventing more than 700 road failures monthly on the North American system, based on preliminary statistics for the year 2019. Increased efforts to identify the causes and further understand issues that affect freight rail performance and safety continue."
"In 2019, New York, Charleston and Savannah were gaining ground at the expense of Los Angeles and Long Beach. Is the eastward momentum rising or falling? The latest data implies that the move to the East is accelerating."
"Airports Council International (ACI) World and A-ISAC announced they have signed an agreement that better enables ACI members to join the A-ISAC for access to airport-specific cyber threat intelligence and actionable data that will enhance their ability to build cyber resiliency. Both organizations play an active role in supporting the global aviation network; by increasing collaboration, the groups have created a partnership that better protects global aviation stakeholders."
Harris Williams is a leading advisor to the transportation and logistics M&A market. Our Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, transportation equipment, and the automotive and heavy duty vehicle market.
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