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Mergers & Acquisitions: Page 8

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
Ryder warehouse
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
Hyway Trucking truck door
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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
MNX acquired by UPS
Mergers & Acquisitions
J.B. Hunt acquiring brokerage of BNSF Logistics
Following the closing of the transaction, the brokerage operations of BNSF Logistics will roll into J.B. Hunt’s Integrated Capacity Solutions (ICS) for segment reporting purposes. The transaction will be funded using J.B. Hunt’s existing cash balance.
September 15, 2023
BNSF-J.B. Hunt intermodal
Mergers & Acquisitions
TFI acquires Canadian food-grade tanker carrier
With the acquisition of Vedder Transportation Group, TFI expands its liquid and dry bulk food-grade tanker services to Western Canada.
September 13, 2023
Vedder Transportation Group truck
Mergers & Acquisitions
Arrow Transportation acquires Mountain View Reload and six U.S. facilities
Arrow Reload Systems is acquiring Mountain View Reload Group, including MVR locations in Washington, Montana and Texas.
September 1, 2023
arrow truck and trailers
Companies
Study detects cognitive risks from driving under the influence of cannabis
New research published by the Colorado School of Public Health shows the risks associated with driving under the influence of cannabis. Also: EDI Express adds team driver services to and from Texas; 3PL GSC Logistics has acquired MacMillan-Piper.
July 25, 2023
cannabis
Mergers & Acquisitions
Former Celadon subsidiary acquired by investors
Jaguar Transportation, a former Mexico-based subsidiary of now bankrupt Celadon, was recently acquired by investors. Also: Heartland Express receives 10,000th Freightliner; Class 8 truck heat, A/C supplier celebrates 50 years in North America.
July 24, 2023
Jaguar Transportation truck
Mergers & Acquisitions
PS Logistics acquires Alabama-based Action Dedicated
The acquisition marks at least the tenth involving a CCJ Top 250 fleet in 2023. Action Dedicated will continue to operate under the same name.
July 17, 2023
Action Dedicated truck
Mergers & Acquisitions
Transervice Logistics parent acquiring Lily Transportation
Each business will continue to operate as separate companies, retaining their independent corporate names and separate field and management teams.
July 10, 2023
Transervice logo on a door
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
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
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
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
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