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Mergers & Acquisitions: Page 10

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
Kenan Advantage Group tanker
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
USA Truck semi on a bridge
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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
Freymiller tractor in a service bay
Business
Challenger Motor Freight acquired by Fastfrate
In Challenger Motor Freight, Fastfrate adds cross-border trucking capabilities to its business.
June 16, 2022
Challenger Motor Freight truck
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
Metropolitan Trucking, Inc semi-truck
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
U.S. Xpress Million Mile drivers
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
SAF-Holland facility
Business
Schneider acquires Wisconsin regional carrier
Schneider gets deBoer Transportation's approximately 160 tractors and 660 trailers in the deal.
June 7, 2022
deBoer Transportation truck
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
Ryder last mile delivery
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
Smith Transport trucks
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
Meritor ePowertrain products
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
TriStar Carriers truck at dock
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
LGT Transport
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
Ryder dock
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
parked semi trucks
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
Screen Shot 2022 04 05 At 2 54 32 Pm
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
SmartWay homepage
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
Cummins sign
Previous Page
Page 10 of 16
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Top Stories
Cyberimage
Cybersecurity
NMFTA warns of Chinese components in trucking technology
The trucking industry's expanded digitization increases its potential for cybercrime, and China could be a key threat to the U.S. via technology in transportation.
Headquartered in Ohio, Kandel Transport Inc. is a regional carrier specializing in temperature-controlled food transport.
Business
Kandel Transport acquired by Nagle Companies
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Business
Marten Transport CEO stepping down, Randy Marten to return
Adobe Stock 678872750
Regulations
U.S. 'pausing' work visas for commercial truck drivers
Cargo theft is on the rise. Learn strategies to protect your trucks, trailers and freight.
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CCJ Top 250
Get all the info on the top 250 trucking companies in America
View, sort and download the trucking industry’s most comprehensive ranking of for-hire carriers in North America, based on a blend of metrics including fleet size, annual revenue and number of drivers.
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In House or Outsourced Maintenance
The decision between bringing fleet maintenance in-house versus outsourcing is a pivotal one that could significantly affect your operations.
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