Standard Forwarding Freight Buys Midwest LTL Carrier From DHL
Helmed by Ex-Yellow Executives, Carrier Eyes Expansion
DHL confirmed the deal with Standard Forwarding Freight had gone through but declined to provide details on the price it received. (GERMANY POST)
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Standard Forwarding Freight bought the assets of Midwest less-than-truckload carrier Standard Forwarding from DHL Freight for an undisclosed sum.
Tucker, Ga.-headquartered Standard is bankrolled by Sakaem Holdings, which also owns auto haulers Sakaem Logistics and Sherpa Auto Transport.
Sakaem Holdings is owned by Mike Riggs, longtime CEO of recently closed auto hauler Jack Cooper, according to his LinkedIn profile.
Like Jack Cooper, Standard’s workforce is unionized, with a high percentage of Teamsters members.
DHL confirmed the deal had gone through but declined to provide details on the price it received.
“Following a strategic evaluation of our Standard Forwarding business headquartered in Illinois, we have decided to divest our less-than-truckload and b…
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