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CCJ Top 250
Mergers & Acquisitions: Page 3
Knight-Swift, U.S. Xpress acquisition closes
Shareholders of U.S. Xpress last week approved the carrier's acquisition by Knight-Swift Transportation. Also: Teamsters ratify new five-year contract with ABF Freight, averting a strike; Colorado fuel haulers get temporary HOS waiver.
July 6, 2023
Schneider opens huge zero emission electric charging depot
The 4,900-square-foot, state-of-the-art electric truck charging hub allows the carrier to charge 32 trucks simultaneously.
June 9, 2023
Best Dedicated Solutions acquired by port-to-door logistics company
Chicago-area-based Best Dedicated Solutions (BDS) has been acquired by STG Logistics.
June 5, 2023
Mergers & Acquisitions
Assured Telematics set to merge with Transflo
ATI provides telematics solutions for the trucking industry with a comprehensive suite of systems that, combined with Transflo's offerings, will help fleet customers increase efficiency, improve cash flow and reduce costs.
May 17, 2023
Business
Trucking company owners should consider an ESOP
ESOPs are not only beneficial from a tax perspective; they can also be useful in attracting and retaining drivers in the midst of a driver shortage.
May 16, 2023
Mergers & Acquisitions
TA shareholders approve pending BP acquisition
The move clears the way for BP to acquire TA, with the deal expected to be closed May 15. Also: $150M cargo theft ring busted in California; PGT Trucking breaks ground on new Laredo facility; CPC Logistics driver inducted into NPTC Hall of Fame.
May 12, 2023
Mergers & Acquisitions
TFI announces two acquisitions to expand LTL business
The CCJ Top 250 carrier has completed the acquisition of one company and agreed to acquire another.
May 10, 2023
Mergers & Acquisitions
Trimac Transportation acquires small bulk fleet, warehouser
Trimac Transportation picking up 13 tractors, 119 trailers and a 52-acre property strategically positioned on the busy I-75 corridor.
April 27, 2023
Mergers & Acquisitions
Penske makes second acquisition this year, adds nearly 2,000 trucks
Penske has added nearly 3,000 trucks in less than a month via two acquisitions.
April 26, 2023
Mergers & Acquisitions
TravelCenters of America puts BP merger drama to bed
TA and would-be suitor ARKO Corp. have a contentious history.
April 24, 2023
Mergers & Acquisitions
Linden Bulk Transportation acquired by ISO tank specialist
Linden Bulk Transportation acquired by Boasso Global; Aurora opens terminal for autonomous trucks; Peterbilt expands its tech school training partnerships.
April 17, 2023
Mergers & Acquisitions
BP’s acquisition of TA takes another step forward
A federally required waiting period has passed without action from FTC, clearing another hurdle for the deal. Also: House resolution would overturn EPA's 2027 regs; trucking company owners sentenced in bribery scheme; Pitt Ohio adopts Maven AI platform.
April 12, 2023
Mergers & Acquisitions
Pilot Company names new executives as part of Berkshire Hathaway ownership
Berkshire Hathaway purchased 38.6% of Pilot Flying J in October 2017 and became majority owners of Pilot Company Jan. 31 this year.
April 10, 2023
Mergers & Acquisitions
Bidding war erupts for TravelCenters franchise
As BP's deal for TravelCenters of America inches closer to closing, a new suitor contends it has a better offer on the table.
March 28, 2023
Mergers & Acquisitions
Knight-Swift, U.S. Xpress deal likely passes Go, 'near zero chance' it is a monopoly
Swift Transportation, Knight Transportation, AAA Cooper and U.S. Xpress were at one time individually owned and operated companies, and each were among the top 50 for hire-carriers in CCJ's Top 250 rankings.
March 22, 2023
Mergers & Acquisitions
Knight-Swift acquiring U.S. Xpress for more than $800 million
Updated: The combination of two of CCJ's Top 20 for-hire carriers creates a new mega fleet and further solidifies Knight-Swift as a truckload behemoth as it acquires approximately 7,200 tractors and 14,400 trailers.
March 21, 2023
Mergers & Acquisitions
Tennessee 3PL picks up asset-based carrier
Byland Transportation's 48 trucks and 70 trailers will enhance Sage Logistics’ transportation and logistics services.
March 6, 2023
Mergers & Acquisitions
Big G Express acquires 90-truck Tennessee-based fleet
Nashville-based RTR Transportation is a family-owned, full-service nationwide dry van truckload carrier offering local cartage, warehousing, cross dock, trailer rework, and storage trailers.
March 2, 2023
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