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CCJ Top 250
Mergers & Acquisitions: Page 10
Mergers & Acquisitions
Bay & Bay Transportation offloads its tanker business
Bay and Bay CEO Sam Anderson noted that the divestiture of its tank business allows Bay and Bay to further focus and invest in its refrigerated trucking and multi-modal logistics businesses.
October 11, 2022
Business
Werner acquiring truckload carrier Baylor Trucking
Baylor Trucking is a four-time Walmart carrier of the year operating from two terminals in the east central and south central U.S.
October 3, 2022
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Business
Conditions for carriers improved in July
FTR reports trucking conditions remained negative despite gains from June. Also: Freight volumes were flat in August while utilization was down; TLSS has acquired New Jersey-based Freight Connections.
September 23, 2022
Business
Super T Transport acquired by Red Bull company Berger Logistik
Berger Logistik will partner with 200-truck, refrigerated beverage hauler Super T to distribute its products with Super T's existing customer base across America.
September 13, 2022
Business
Carbon Express acquired by Kenan Advantage Group
Carbon Express Founder and President Steve Rush noted that after nearly 60 years in the industry he was looking forward to "sit back and relax in my so-called golden years."
September 8, 2022
Business
Atlas World Group subsidiary acquires pad-wrap fleet
The acquisition of Progressive Transportation, Inc. will accelerate growth within Atlas Logistics’ padded-van service offerings, the company said.
September 2, 2022
Business
Ryder acquires logistics tech startup
Ryder first invested in logistics startup Baton through RyderVentures during the startup’s Series A funding round in March 2021.
September 2, 2022
Business
PS Logistics acquires Phoenix Leasing of Tennessee, strikes deal with Colonial Freight Systems
PS Logistics has made two acquisitions this month, one each in the reefer and flatbed segments.
August 25, 2022
Economic trends
Trucking conditions negative for second straight month
FTR's Trucking Conditions Index fell from -0.3 in May to -3.36 in June. Also: Ascend names new President of Distribution and Dedicated; Kenworth T680s recalled over fuel tank issue; medium-duty Macks recalled; Hub Group acquires TAGG Logistics.
August 23, 2022
Business
Heartland Express acquiring CFI's non-dedicated dry van and temp-controlled truckload business
At the close of the transaction, Heartland Express will be the eighth largest truckload fleet and third largest irregular route, asset-based truckload carrier in the U.S.
August 22, 2022
Business
Tesla boss says Semi deliveries will commence this year
Elon Musk says that deliveries of Tesla's electric Semi will begin this year. Also: HHG moving company employee sentenced for defrauding the United States.
August 11, 2022
Business
PS Logistics acquires Alabama flatbedder
PS Logistics' 26th acquisition since 2014 positions the company as one of the largest 53-foot lightweight flatbed carriers in the country with more than 400 power units and 1,000 trailers.
August 10, 2022
Business
Cummins closes $3.7B deal for Meritor
Cummins will onboard Meritor’s people, products and capabilities in axle and brake technology into its components business. Also: Fastfrate completes Challenger Group acquisition; FMCSA grants target recruiting veterans; HHG mover sentenced for fraud.
August 4, 2022
Business
Kam-Way Transportation acquiring Produce Supply Express
PSE will continue to operate under its current management with the Kam-Way Transportation leadership team providing additional support.
August 3, 2022
Business
A.N. Webber acquires flatbed brokerage
Hicks Co., a force in the west-coast flatbed brokerage market for 40 years, will continue to operate under its own name and authority until the end of the year.
August 2, 2022
Business
Mergers and acquisitions changing the landscape of the country's largest carriers
More than 8% of CCJ's Top 250 for-hire carriers have been involved in a merger or acquisition this year.
July 25, 2022
Business
PITT OHIO adds New York LTL service via acquisition
PITT OHIO acquiring longtime New York LTL partner Teal’s Express.
July 19, 2022
Business
Ward Transport and Logistics acquiring Quality Cartage
Ward Transport and Logistics books the ninth acquisition among CCJ's Top 250 for-hire carriers in less than two months.
July 18, 2022
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