Heading into 2021, industry analysts bet on a big year for M&A. One of the main factors was pent-up demand and momentum from an economy heating back up.
Predictions came true, starting in January, when UPS announced it would sell UPS Freight to TFI International in a deal worth $800 million.
Deal-making intensified into the latter half of 2021. Demand for trucking prompted big fleets to increase capacity, and many firms learned lessons during the pandemic about the importance of diversification. Now, some experts predict sustained levels of M&A as 2022 begins.
The collection of stories below highlight the biggest deals of 2021, as well as insights and analysis into what those moves mean for the rest of the industry.