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CCJ Top 250
Mergers & Acquisitions: Page 2
Kuehne+Nagel acquires majority stake in IMC Logistics
Global logistics giant Kuehne+Nagel will own 51% of the the largest marine drayage provider in the country.
November 14, 2024
PS Logistics acquires Louisiana-based Fluker Transportation
Fluker, PS Logistics' fourth acquisition this year, will operate under the name of Blair Logistics, a subsidiary of parent company PS Logistics.
November 12, 2024
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March 15, 2025
Illinois-based LTL carrier acquires 42-truck fleet
Moran Transportation recently announced it is acquiring Ohio-based RMX Freight Systems. Also: Port of Oakland gets big cash infusion for zero-emission transition; Mack surpasses 200K connected Class 8 trucks on the road.
November 8, 2024
Mergers & Acquisitions
Load One acquiring Ohio expediter
Load One has acquired Millbury, Ohio-based Tri-State Expedited Service.
October 23, 2024
Business
Forward Air investors call to initiate formal sales process
Major shareholders of Forward Air disapprove the acquisition of Omni Logistics, urging the LTL carrier to explore a sale.
October 12, 2024
Regulations
Bill to streamline TSA credentialing passes committee
The House and Senate also both passed a bill to help ease veterans' access to CDLs. Also: Canadian fleet Gardewine announces acquisition; former fleet owner sentenced for defrauding shippers; HHG moving fraud scheme sentencing.
September 27, 2024
Mergers & Acquisitions
Powerfleet aims to scale business with upcoming acquisition
The $200 million deal will bring Powerfleet's combined subscribers to 2.6 million and its combined revenue to over $400 million while expanding its North American presence and fueling its growth in Europe and Australia.
September 25, 2024
Mergers & Acquisitions
Descartes acquires MyCarrierPortal
The company aims to reduce freight fraud with its most recent acquisition, which is one of 30 since 2016.
September 24, 2024
Mergers & Acquisitions
Mail hauler EVO Transportation acquiring Midwest dry van fleet West Side Transport
The deal transitions EVO – a fleet of more than 900 power units with a national network– from being a predominantly USPS-focused carrier to a diversified transportation supplier with a broad customer mix.
September 23, 2024
Mergers & Acquisitions
Platform Science plans acquisition of Trimble's telematics business
Trimble is set to divest its global transportation telematics business units in a deal that would give it a 32.5% stake in Platform Science and a seat on the company’s board. The deal is expected to close in 2025.
September 17, 2024
Mergers & Acquisitions
USA Truck parent DB Schenker set to be acquired
DB Schenker, one of the largest logistics service providers in the world, acquired USA Truck in June 2022.
September 13, 2024
Mergers & Acquisitions
Kenan Advantage Group acquiring 45-truck Louisiana tanker fleet
This is the third acquisition this year for the North Canton, Ohio-based company.
August 22, 2024
Mergers & Acquisitions
Groendyke expanding operations with acquisition
The CCJ Top 250 tanker fleet is acquiring Linden Bulk Transportation from Boasso Global, which acquired the company in 2023.
August 21, 2024
Indicators
FTR: Trucking conditions still positive in June
While still positive, conditions declined from May due to higher financing costs and a slowing of diesel price decreases. Also: RK Logistics acquires Arizona-based company; foodservice fleet PFG announces acquisition of Cheney Bros.
August 15, 2024
Mergers & Acquisitions
Haney and White acquires B.R. Williams Trucking and B.R. Williams LTL Logistics
The acquisition unites four entities to support growth in the Southeast corridor from Indiana to Florida.
August 14, 2024
Mergers & Acquisitions
Proficient Auto Logistics acquiring another car-haul carrier
After forming earlier this year through a merger of five fleets, Proficient is now acquiring Auto Transport Group. Also: Longtime Schneider driver hits rare mileage milestone.
August 14, 2024
Economic trends
M&A midyear outlook: Deals on the horizon vary with risk appetite
Analysts say freight rates, interest rates and the upcoming election could significantly impact M&A activity.
July 31, 2024
Mergers & Acquisitions
Knight-Swift acquires Dependable Highway Express, boosting LTL footprint
Over the last 36 months, Knight-Swift has made four big moves in the LTL business.
July 30, 2024
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