Mode Transportation

Earlier this week, Dallas-based MODE Transportation, a non-asset 3PL offering truckload, less-than-truckload, intermodal, ocean, rail, air, and managed transportation services, said it has entered into a definitive merger agreement to acquire Jacksonville, Fla.-based SunteckTTS, a multimodal transportation solutions provider.

Hub officials said this sale represents the byproduct of an exploration of strategic alternatives for Mode that was undertaken by the Hub Group Board of Directors, which they said is part of an ongoing review of alternatives for creating shareholder value that it announced in August.