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CCJ Top 250
Mergers & Acquisitions
Business
Kenan Advantage Group acquires Louisiana petrochem company
KAG Logistics picking up American PetroLog is the seventh acquisition this month among CCJ's Top 250 for-hire fleets.
June 27, 2022
Business
USA Truck acquired by DB Schenker
The $435 million deal immediately gives DB Schenker rich access to the U.S. freight market.
June 24, 2022
Business
Investment groups buy majority stake in Freymiller
Two investment groups targeted Freymiller for its temp-controlled trucking, logistics brokerage and intermodal transportation services.
June 22, 2022
Business
Challenger Motor Freight acquired by Fastfrate
In Challenger Motor Freight, Fastfrate adds cross-border trucking capabilities to its business.
June 16, 2022
Business
PAM Transportation makes first acquisition in nearly 20 years
PAM Transportation spent $77.4 million to acquire New York City-based Metropolitan Trucking – now "the Northeast regional face for PAM."
June 15, 2022
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Business
More than 100k trucks, multiple OEMs impacted in recall
Bendix subsidiary R.H. Sheppard recalling steering gear used by 29 manufacturers. Also: Indiana Toll Road rates increasing; U.S. Xpress drivers recognized; Chevron now one of the leading renewable fuels companies in the United States.
June 14, 2022
Mergers & Acquisitions
SAF-Holland makes offer to acquire Haldex
SAF-Holland Wednesday announced a public cash offer to acquire Haldex for 3.2 billion Swedish Krona ($325 million). The offer price, which SAF-Holland states is "best and final" and will not be increased, was unanimously recommended by the Haldex board.
June 8, 2022
Business
Schneider acquires Wisconsin regional carrier
Schneider gets deBoer Transportation's approximately 160 tractors and 660 trailers in the deal.
June 7, 2022
Business
Ryder rejects takeover bid
Ryder's Investor Day made clear that if Ryder was for sale, it would be significantly more costly than the $4.4 billion on the table.
June 6, 2022
Business
Heartland Express acquires CCJ Top 250 company Smith Transport
The deal was made for $170 million in existing cash from Heartland. In a separate $14 million deal, Heartland also acquired Smith Transport's headquarters in Roaring Spring, Pennsylvania.
June 1, 2022
Business
Meritor shareholders okay Cummins acquisition
The two companies in February entered into a definitive agreement under which Cummins would pay $36.50 in cash per Meritor share.
May 27, 2022
Business
TriStar Carriers and its parent company acquired by ShipX
With the acquisition, ShipX expands its focus beyond final mile parcel delivery and will be able to offer a more complete suite of e-commerce transportation services.
May 26, 2022
Business
LGT Transport acquires Jason Thomas Trucking
As part of the acquisition, Jason Thomas Trucking drivers and operational employees will join the LGT Transport team.
May 22, 2022
Business
Ryder confirms takeover bid
HG Vora already owns a roughly 10% stake in Ryder and is offering $4.4 billion for the rest.
May 16, 2022
Business
Forward Air acquiring 70-truck Edgmon Trucking
The acquisition of Edgmon Trucking marks the first West Coast location for Forward Air's intermodal business
May 9, 2022
Business
Direct Connect Logistix acquires Hoosier Logistics
The transaction comes just a few weeks after DCL's acquisition of Performance Logistics, a cold food chain focused freight brokerage in Salt Lake City.
April 5, 2022
Business
Transport Investments acquires SmartWay Transportation
Based in Overland Park, Kansas, SmartWay offers mainly full and partial truckload (flatbed, reefer, specialty and dry van) transportation brokerage and logistics services.
March 14, 2022
Business
Cummins set to acquire Meritor for $3.7 billion
The two companies have entered into a definitive agreement under which Cummins will pay about $3.7 billion to acquire Meritor.
February 22, 2022
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Top Stories
Service and repair
Maintaining proper tire pressure presents 'huge opportunity in today's volatile fuel market'
Aside from keeping an eye on the numbers at the pumps, tire experts advise keeping a close eye on tire pressure to help maximize fuel economy at a time when fuel prices have reached historic highs.
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Kenan Advantage Group acquires Louisiana petrochem company
Business
USA Truck acquired by DB Schenker
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