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CCJ Top 250
Mergers & Acquisitions: Page 11
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
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July 7, 2025
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
Business
Abenaqui Carriers acquired by petro-chem hauler Brown Bear Transportation
Brown Bear Transportation – a division of Roberts Energy – delivers petroleum products across the northeast lifting out of Springfield, Boston, New Haven, Providence, Albany, Portland and Montreal, Canada.
February 21, 2022
Business
Hirschbach acquiring John Christner Trucking, creating reefer giant
Hirschbach owner and CEO Brad Pinchuk has high expectations for the union, saying "these two organizations should be united and fit together like two puzzle pieces."
February 17, 2022
Business
Pilot Freight Services acquired by Maersk
The provider of end-to-end and last-mile solutions and large and bulky specialist built out its last-mile home delivery solution through a series of acquisitions.
February 9, 2022
Business
J.B. Hunt acquires Zenith Freight Lines
J.B. Hunt's move on Zenith is the second acquisition in the trucking/furniture space in the past month.
January 31, 2022
Business
HTL Freight has acquired 3PL Matchmaker Logistics
HTL Freight, formerly known as Heritage Trucking, has been a North American flatbed freight specialist for more than four decades.
January 26, 2022
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Top Stories
Safety & Compliance
Marijuana rescheduling won't affect DOT drug testing rules, agency says
Despite marijuana's reclassification to a Schedule III drug, DOT told CCJ that "safety-sensitive positions will still be barred from ingesting the drug."
Regulations
Congress passes reforms for military freight carriers
Economic trends
Plummeting truck orders could flip the freight market by 2027, FTR says
Growth strategies
Shorter leases gaining ground with carriers
Mergers & Acquisitions
Heartland Express will integrate and rebrand CFI U.S. operations by year-end
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