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CCJ Top 250
Mergers & Acquisitions: Page 10
Business
KLLM acquires 200-truck reefer fleet
The CCJ Top 250 carrier acquired Cartersville, Georgia-based Quest Global. Also: Nomination period for "Transition Trucking" military vet rookie trucker award open through end of July; Fontaine Heavy-Haul rebranding as Fontaine Specialized.
July 18, 2022
Mergers & Acquisitions
PrePass Safety Alliance acquires CVO Holding Co.
CVO, which was involved in the 1993 launch of the PrePass weigh station bypass, will operate as a separate but wholly owned subsidiary of PrePass.
July 12, 2022
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Business
Connors Transfer acquired by Shoreland Transport
Shoreland has terminals in St. George, New Brunswick and Suffolk, Virginia, and operates a fleet of 115 trucks and 217 trailers with routes across Canada and throughout the United States.
July 11, 2022
Business
Universe Trucking acquired by Greater Omaha Express
The acquisition, set to be finalized next week, will increase the size of the Greater Omaha Express fleet by 20%.
July 6, 2022
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
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
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