Mergers & Acquisitions: Page 2

PS Logistics adds another flatbed fleet to portfolio
PS Logistics subsidiary P&S Transportation has acquired Mississippi-based Clays Transport and Clays Logistics.
November 10, 2022
Clay's Transport truck
Forward Air acquires Alabama-based intermodal carrier
The acquisition of Chickasaw Container Services allows Forward to grow in the Mobile, Alabama, and Memphis, Tennessee, markets. Also: Rhode Island appealing court ruling on trucks-only tolls.
November 9, 2022
Chickasaw Container Services trucks
Ascend acquires Fuchs Trucking
Jackson, Tennessee-based trucking company Ascend has acquired Sauk City, Wisconsin-based Fuchs Trucking.
November 7, 2022
Fuchs Trucking
Werner strikes deal for brokerage ReedTMS Logistics
Located in Tampa, Florida, ReedTMS has more than 800 customers and an extensive freight brokerage network including 19,000 active carriers.
November 7, 2022
Reed TMS building
Heniff acquiring Texas liquid bulk carrier
Heniff Transportation Systems Founder and Chief Executive Officer Bob Heniff said he was "pleased" to welcome a one-time competitor into the fold.
November 2, 2022
Coal City Cob rail yard
Ruan Transportation acquires grocery carrier NTB
NTB and its more than 235 trucks will continue to operate independent of the Ruan family of companies and will maintain its name and brand, leadership structure and facility locations.
October 28, 2022
Ruan truck
G&W Tanks acquired by Quantix
G&W represents the eighth acquisition for Quantix under its current ownership. Also: Kodiak Robotics and IKEA partner for 400-mile autonomous lane in Texas; Penske recognized by EPA SmartWay.
October 19, 2022
G&W Tanks
Kroger and Albertsons to merge, create private fleet grocery behemoth
The combined private fleet of Kroger/Albertsons will be nearly 2,400 trucks. Also: More than 1,700 violations issued in five-day unannounced hazmat enforcement blitz; J.B. Hunt awards $250k in scholarships; Thermo King completes electric trailer test.
October 17, 2022
shopping carts at a store
Kenan Advantage Group expanding in Canada, acquires Toronto 3PL
Kenan Advantage Group has made four acquisitions this year.
October 13, 2022
Kenan Advantage Group tanker
Two Top 250 carriers make acquisitions
NFI has acquired Wilmington, North Carolina-based MCO Transport. Bison will acquire Hermon, Maine-based Pottle’s Transportation.
October 12, 2022
Bison Transort truck
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
Bay and Bay Transportation tank truck
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
Werner's acquisition of Baylor Trucking expand its terminal, fleet and professional driver footprint in the east central and south central U.S. truckload markets.
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
FTR Trucking Conditions Index July 2022
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
Super T transport trailer
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
Carbon Express truck
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
Progressive Transportation truck
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
Ryder forklift
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
colonial freight systems truck
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