Estes angles for growth in Canada with Yellow terminal acquisitions

The LTL carrier saw the competitor’s bankruptcy auction as a chance to take on more cross-border business, President and COO Webb Estes said in an interview.

By Colin Campbell • Feb. 20, 2024

Cardinal deal to generate $1B in annualized revenue, Ryder projects

About 85% of the North Carolina business’ operating revenue comes from dedicated transportation, Ryder CEO Robert Sanchez said.

By David Taube • Feb. 20, 2024

Explore the Trendline➔

Top 5 stories from Trucking Dive

These five stories detail the top trends and issues facing the trucking and transportation industry. 

By Trucking Dive staff

Knight-Swift buying 10 more Yellow leases

The carrier is paying about $2.2 million for the additions as it continues the buildout of its LTL network.

By David Taube • Feb. 14, 2024

TFI will spin off Daseke — and invites other specialized TL carriers to join

The Canada-based logistics giant will follow XPO's playbook to avoid the dreaded "conglomerate discount."

By Colin Campbell • Feb. 13, 2024

XPO will add 2,000 doors with Yellow terminal acquisitions

Half of the 28 facilities will expand the size of the carrier's real estate network, while it moves into the rest from smaller, existing locations nearby.

By Colin Campbell • Feb. 9, 2024

Heartland Express acquisitions bite into Q4 earnings

Despite operating ratio woes, CFI and Smith Transport helped the carrier's revenue reach a record high in 2023.

By David Taube • Feb. 8, 2024

Forward Air CEO out following Omni merger

Chief Legal Officer Michael Hance will lead the company as interim CEO following Tom Schmitt’s departure.

By Larry Avila • Feb. 7, 2024

Estes buys $2M worth of Yellow load bars, air bags, other supplies

Some of the equipment will be inventory for use in coming years, President and COO Webb Estes told Trucking Dive.

By Colin Campbell • Feb. 2, 2024

Schneider truckload revenue grows in Q4, bucking downward trend

The carrier credited business gained from recent deals with the segment’s YoY revenue growth.

By Larry Avila • Feb. 2, 2024

Ryder acquires Cardinal Logistics

The deal brings 200 operating locations and 3,400 drivers to the South Florida-based company.

By David Taube • Feb. 1, 2024

Trucking prepares for regulation, rising costs in 2024

A persistently soft freight environment is among many issues carriers will confront this year. We talked to execs about how they are preparing.

By Larry Avila • Jan. 31, 2024

Knight-Swift aims to provide national LTL network in-house by 2026

The carrier plans to open at least 20 sites this year for its expansion — scaling a segment it began in 2021.

By David Taube • Jan. 29, 2024

Under Covenant Logistics, Lew Thompson fleet size will double in 2024

The parent company is bullish on the poultry hauling business, even after a challenging winter.

By Colin Campbell • Jan. 29, 2024

Mullen Group to acquire ContainerWorld Forwarding Services

With the deal, Mullen Group is looking to capitalize on ContainerWorld's alcohol industry relationships in Western Canada.

By Colin Campbell • Jan. 24, 2024

Forward Air moves ahead with Omni Logistics merger

A new deal was completed this week and shut down a transaction lawsuit.  

By Larry Avila • Updated Jan. 25, 2024

‘A mandate to grow’: Trucking’s 2024 M&A outlook is bright

Buyers are on the lookout for well-run operations with niche expertise, said M&A adviser Spencer Tenney.

By Colin Campbell • Jan. 22, 2024

Berkshire Hathaway now sole owner of Pilot Company

Warren Buffett’s holding firm has purchased the remaining 20% in the travel center chain that had previously been owned by the company’s founders, the Haslam family.

By Brett Dworski • Jan. 19, 2024

PS Logistics acquires Buddy Moore Trucking, ELS flatbed division

The latest acquisitions by the Alabama-based logistics company are expected to expand its flatbed and dedicated dry van operations.

By Larry Avila • Jan. 18, 2024

Yellow to sell another 23 property leases for $82.9M

In another round of bidding, Estes Express Lines and FedEx Freight were the top spenders, and Saia came away with the most properties.

By Colin Campbell • Dec. 22, 2023

TFI International to buy Daseke

The Canada-based carrier said it will consider spinning off its truckload segment.

By David Taube • Updated Dec. 22, 2023

Hub Group acquires Forward Air’s final mile business for $262M

The deal includes the transfer of about 45 locations and more than 640 employees.

By Colin Campbell • Updated Dec. 20, 2023

‘A legend at J.B. Hunt’: Longtime executive Craig Harper retires

The carrier's first chief safety officer served as COO for decades before retiring as EVP and chief sustainability officer.

By Colin Campbell • Dec. 20, 2023

Estes scores second-most terminals in Yellow bankruptcy auction

The stalking-horse bidder, which offered over $1.5B for the entire network, instead purchased 24 properties for $248.7 million.

By Colin Campbell • Dec. 14, 2023

Saia wins 17 terminals in Yellow Corp. bankruptcy auction

With a court's approval Tuesday, the sale of $235.7 million worth of real estate is set to close in Q1.

By Colin Campbell • Dec. 13, 2023

Yellow terminal auction resumes next week

Nearly 50 properties are still for sale across 26 states. 

By Colin Campbell • Dec. 12, 2023