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Mergers & Acquisitions: Page 4
Mergers & Acquisitions
Mullen Group acquiring PNW | Odyssey Logistics acquires OctoChem
The acquisition further expands Mullen Group's real estate network in Canada. Also: Averitt names new VP of sales; Odyssey Logistics acquires OctoChem, Inc.; Transflo has launched the Transflo Wallet Fuel Card.
December 4, 2024
Mergers & Acquisitions
PDI Technologies acquires Comdata Merchant Solutions business
Comdata will retain operations of its truck stop payment acceptance network, including the fuel cards issued to trucking companies. Also: International names new CFO; Barr-Nunn a Top Pay Carrier for record 20th time.
December 3, 2024
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January 13, 2026
Regulations
Truck-involved crash fatality estimates falling
NHTSA reported an estimated decline in fatalities in crashes involving large trucks. Also: Canada Cartage acquiring Coastal Pacific Xpress; Love's expands Speedco and truck wash network.
November 29, 2024
Mergers & Acquisitions
Schneider acquiring Cowan Systems for $390 million
Post-closing, Schneider will operate more than 8,400 dedicated tractors.
November 25, 2024
Mergers & Acquisitions
Heniff acquires Hagen Johnson
Heniff Transportation Systems has acquired 30-truck food grade tanker carrier Hagen Johnson Trucking.
November 22, 2024
Mergers & Acquisitions
Private equity group led by Roadrunner CEO buys majority stake in the company
A private equity vehicle co-led by Roadrunner Executive Chairman and CEO Chris Jamroz has acquired a majority ownership interest in the company.
November 22, 2024
Mergers & Acquisitions
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
Mergers & Acquisitions
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
Mergers & Acquisitions
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
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