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CCJ Top 250
Mergers & Acquisitions: Page 16
Business
A perfect union
Company: Cardinal Logistics Management Corp., Concord, N.C. 2013 CCJ Top 250 rank: 27 Industry segment: Dedicated contract carriage 2012 revenues: $850 million Power units: 4,451 Trailers: 8,949 Drivers: 4,700 It has been a busy year for Cardinal Logistics Management. In August of last year, the dedicated carrier  was acquired by Centerbridge Partners L.P., a $20 […]
June 9, 2014
Business
Combining lanes
Company: Epes Carriers, Greensboro, N.C. 2013 CCJ Top 250 rank: 92 2012 revenues: $228.3 million Revenue change vs. 2011: 3.3 percent Power units: 1,148 Trailers: 4,422 Drivers: 1,285 Last month, Greensboro, N.C.-based Epes Carriers merged its two asset-based trucking subsidiaries, Epes Transport System and Texas Star Express. The combined company will be called Epes Transport System, with headquarters remaining […]
June 9, 2014
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Business
More than a new name
Company: RoadOne IntermodaLogistics, Randolph, Mass. 2013 CCJ Top 250 rank: 118 Power units: 992 Trailers: 60 Drivers: 990 Earlier this year, industry entrepreneurs at RTS Holdings acquired RoadLink Transportation Solutions from a private equity firm. RTS then relaunched the Boston-area company as RoadOne IntermodaLogistics, with sights on taking a leadership position in intermodal transportation and logistics. […]
June 9, 2014
Business
Reclaiming ownership
Company: Smith Transport, Inc., Roaring Spring, Penn. 2013 CCJ Top 250 rank: 151 Industry segment: General freight Power units: 702 Trailers: 2,550 Drivers: 734 In October 2008, Smith Transport sold a minority stake in its business to U.S. Xpress during the economic downturn. While U.S. Xpress had a 47 percent share of Smith Transport, the […]
June 9, 2014
Business
Zebra Technologies to acquire Motorola Enterprise for $3.45B
Zebra Technologies Corporation and Motorola Solutions, Inc. announced that they have entered into a definitive agreement in which Zebra will acquire Motorola’s Enterprise business for $3.45 billion in an all-cash transaction.
April 15, 2014
Business
Knight ends quest to buy USA Truck in lawsuit settlement
Knight Transportation announced this week it has ended its pursuit to buy USA Truck as part of a settlement reached between the two parties in a lawsuit filed by USA Truck in October to end Knight’s attempt to acquire the Arkansas-based carrier.
February 6, 2014
Business
Omnitracs acquires Roadnet
Vista Equity Partners announced the completed the acquisition of Omnitracs, Inc., formerly a subsidiary of Qualcomm Incorporated. In conjunction with this announcement, Omnitracs also signed a definitive agreement to acquire Roadnet Technologies, Inc. (“Roadnet”), a provider of fleet management software for private fleets. Roadnet, based in Baltimore, Md., is a provider of routing, scheduling, optimization […]
November 25, 2013
Business
Boyd Bros., Daseke announce merger that will create one of country’s largest specialty fleets
Specialty fleet Boyd Bros. Transportation (No. 97 in the CCJ Top 250) out of Clayton, Ala., and Daseke Inc., a specialty carrier out of Addison, Texas, announced Nov. 14 the two are merging to form a 2,000-truck fleet.
November 14, 2013
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