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Mergers & Acquisitions: Page 5
Mergers & Acquisitions
Kenan Advantage Group enters dry bulk segment with acquisition
KAG will also acquire 36 tractors, 91 trailers, two terminals with two maintenance bays, warehouse space and transloading capabilities.
February 14, 2024
Mergers & Acquisitions
Ryder acquires Cardinal Logistics
Ryder will integrate Cardinal operations, facilities and equipment into its dedicated transportation, fleet management and supply chain businesses.
February 1, 2024
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July 7, 2025
Business
UPS likely to offload Coyote Logistics
Coyote accounted for more than one-third of UPS's Supply Chain Solutions business decline year-over-year.
January 30, 2024
Mergers & Acquisitions
Forward Air revisiting Omni acquisition
Forward Air on Monday reached an agreement with Omni Logistics to amend the terms of a merger agreement announced in August.
January 22, 2024
Mergers & Acquisitions
ELS flatbed division acquired by PS Logistics subsidiary
PS Logistics, already one of the largest privately held transportation and logistics companies in the U.S., has announced two acquisitions this year.
January 17, 2024
Mergers & Acquisitions
Haslam family sells remaining interest in Pilot truck stop chain
Founded in Gate City, Virginia in 1958 by Jim Haslam II, Pilot is the largest operator of travel centers in North America.
January 16, 2024
Mergers & Acquisitions
Buddy Moore Trucking acquired by PS Logistics
PS Logistics has made three acquisitions in the last 6 months.
January 8, 2024
Economic trends
Trucking bankruptcies expected to continue in the foreseeable future
Industry bankruptcy experts say financial distress at the hands of multiple factors has caused an uptick in bankruptcy cases among trucking and logistics companies of all sizes.
December 27, 2023
Mergers & Acquisitions
Flatbed conglomerate Daseke to be acquired by TFI
Post-close, Daseke will operate its portfolio of brands as part of TFI International’s Truckload segment.
December 22, 2023
Mergers & Acquisitions
Hub Group acquires Forward Air's final-mile division
Forward Air Final Mile, which will now operate under the Hub Group Final Mile brand, provides residential final-mile delivery and installation of big and bulky goods, with a focus on appliances.
December 20, 2023
Mergers & Acquisitions
CRST acquiring BCB Transport
CRST has acquired Mansfield, Texas-based 275-truck BCB Transport. Also: ConMet acquiring TruckLabs, TruckWings. J.B. Hunt's Simpson named 2023 Influential Woman in Trucking; Transition Trucking public voting open; Smith System acquired.
November 8, 2023
Mergers & Acquisitions
Hirschbach sells its yard spotting business to Lazer Logistics
Lazer Logistics is North America’s largest provider of outsourced end-to-end yard management.
November 6, 2023
Mergers & Acquisitions
Florida Rock & Tank parent acquired by United Petroleum Transports
One of the largest regional tank truck carriers in North America, Florida Rock & Tank operates in Florida, Georgia, Alabama, and Tennessee with 17 terminals and six satellite locations.
November 3, 2023
Mergers & Acquisitions
Embattled Forward Air, Omni Logistics deal could be off
Forward Air is considering exercising its right to terminate the merger agreement with Omni Logistics, but Omni says it is prepared to force closure.
October 26, 2023
Mergers & Acquisitions
UPS acquiring reverse logistics company, returns specialist
UPS on Wednesday agreed to acquire Happy Returns from online payment giant PayPal.
October 25, 2023
Mergers & Acquisitions
Ryder acquires Impact Fulfillment Services
IFS has built a blue-chip customer base with its proven model for co-packing and co-manufacturing in both food and non-food products.
October 23, 2023
Mergers & Acquisitions
Hyway Trucking acquired by 3PL
The 80-truck fleet was acquired by FST Logistics. Also: 12 Restaurant Technologies drivers in Dallas joining Teamsters; Diesel Technology Forum rebranding as Engine Technology Forum; Arrive Logistics expanding into Canada.
October 4, 2023
Mergers & Acquisitions
UPS acquiring MNX Global Logistics
The acquisition of the global time-critical logistics firm will help UPS Healthcare and its clinical trial logistics subsidiary Marken meet growing demand. Also: How Yellow's bankruptcy may impact the used-truck market; Brandt expands U.S. dealer network.
September 29, 2023
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Regulations
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