Mergers & Acquisitions: Page 6

Mergers & Acquisitions

Dupré Logistics acquires truckload brokerage

Based in St. Petersburg, Florida, Interstate Transport offers temperature-controlled, time-sensitive, dry, and flatbed brokerage services to the food service, horticulture, big box retailers and emergency management industries.

July 10, 2023

Dupré Logistics truck

Mergers & Acquisitions

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

U.S. Xpress truck

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Alternative power

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

Funding for 50 of Schneider’s 92 BETs was made possible by JETSI, the first battery electric truck project jointly funded by the California Air Resources Board and the California Energy Commission, which together awarded the project $27 million. Additional funding was provided by South Coast Air Quality Management District, Mobile Source Air Pollution Reduction Review Committee, the Port of Los Angeles and Southern California Edison. For the additional 42 trucks outside JETSI, five are jointly funded by the U.S. EPA FY18 Targeted Airshed Grant and Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program (HVIP), seven are funded by the Volkswagen Environmental Mitigation Trust, and 30 trucks are funded by HVIP.

Mergers & Acquisitions

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

STG Logistics container trailer

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

Tranflo ATI merger

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

Driver wanted ad

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

TravelCenters of America location

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

Hot Line Freight Systems truck

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

AIP Logistics tank trailer

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

Parked Star Truck Rentals truck

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

outside of a TA station

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

Linden Bulk Transportation truck

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

TravelCenters of America

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

Pilot Flying J station

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

New TA location

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

Knight truck on a Monopoly board

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

drivers looking at a U.S. Xpress trailer

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

Four Byland Transportation semi-trucks parked in a row

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Adobe Stock 724507664

Repeal of truck emissions regs 'doesn’t help the trucking industry'

The GHG3 final rule had been derided as a de facto electric truck mandate.

If finalized, this proposal would remove all greenhouse gas standards for light-, medium- and heavy-duty vehicles and heavy-duty engines, starting with EPA’s first greenhouse gas regulations set in 2010 for light-duty vehicles and those set in 2011 for medium-duty vehicles and heavy-duty vehicles and engines – which includes off-cycle credits like the much hated start-stop feature on most new cars.

EPA set to unravel 'disastrous' federal trucking emissions regulations

OneCompass Holdings has entered into a definitive agreement to purchase all the assets of Koleaseco Inc., a respected asset-based transportation provider with over 30 years of operational excellence.

Hyway Transportation parent acquiring Michigan fleet

Hub Group's acquisition of Marten Intermodal more than doubles the intermodal giant's temp-controlled business.

Hub Group acquires Marten's intermodal business

Schneider is the only carrier that operates a single-rail cross-border intermodal solution and has rapidly grown its intermodal market share of cross-border freight between the United States and Mexico, while setting industry benchmarks in speed, security and reliability on the CPKC rail network.

Schneider's business is booming at the border

Get all the info on the top 250 trucking companies in America

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