Mergers & Acquisitions: Page 2
-
Heartland Express buys Smith Transport for $170M
The deal marks Heartland's second major acquisition of a dry van TL carrier in the past three years.
By Colin Campbell • June 1, 2022 -
trekandshoot via Getty Images
GTI buys Foxconn Logistics to bolster container transport expertise
Foxconn's list of blue-chip clients in the U.S. made it an attractive purchase for the Canada-based logistics company.
By Colin Campbell • April 25, 2022 -
Courtesy of Knight-Swift
Booming LTL market prompts M&A ‘buzz’ as 2022 begins, expert says
Truckload companies are looking at LTL as a way to expand opportunities and please shareholders, but the options are limited.
By Jim Stinson • Jan. 31, 2022 -
Permission granted by Daseke
Daseke focuses on new M&A approach with 10 deals in the pipeline
The carrier is planning "further operating company consolidations" as part of its growth plan, the CEO said.
By S.L. Fuller • Jan. 25, 2022 -
Zhanna Hapanovich via Getty Images
Analysts bet on an active transport M&A year in 2021. They were right.
UPS sold its freight segment, while Knight-Swift got into the LTL game with a $1.35 billion acquisition.
Dec. 23, 2021 -
Fox photos via Getty Images
M&A boom will surge into 2022: KPMG
Companies are using acquisitions to alter business models or portfolios, and fleets are no exception.
By Jim Tyson • Dec. 14, 2021 -
Courtesy of Sysco
Sysco acquires distributor The Coastal Companies and its fleet assets in M&A spree
Sysco has grown its business via acquisition throughout the year, with the purchase of Greco and Sons in May and Paragon Foods in October.
By Shefali Kapadia • Dec. 8, 2021 -
Bim via Getty Images
Knight-Swift expands LTL footprint with $150M MME acquisition
MME, which includes Midwest Motor Express and Midnite Express, provides LTL, TL, and specialized and international transportation services.
By S.L. Fuller • Dec. 6, 2021 -
Retrieved from Werner on July 06, 2021
TFI, Werner snap up reefer and final mile capacity with M&A moves
The acquisition behavior of 2021 indicates carriers are not content to focus only on TL, LTL and 3PL.
By Jim Stinson • Nov. 30, 2021 -
Courtesy of Knight-Swift
M&A intensifies as carriers seek ‘holistic’ portfolio
Uber Freight, Knight-Swift and others are making moves toward bigger books of business.
By Jim Stinson • July 23, 2021 -
Courtesy of Knight-Swift
Knight-Swift becomes LTL competitor with $1.35B acquisition
CEO Dave Jackson said his firm will benefit from more favorable driver retention and lower equipment costs.
By Jim Stinson • July 7, 2021 -
Retrieved from Werner on July 06, 2021
Werner buys ECM Transport for $142M in first TL acquisition
The purchase increases Werner's exposure to high-velocity shipments and shorter hauls, at a time when carriers are eager to hold on to drivers.
By Jim Stinson • July 6, 2021 -
Getty
M&A will be hard to derail this year, specialists say
Well-capitalized companies, private equity firms and special purpose acquisition companies are expected to be active through year's end.
By Ted Knutson • June 28, 2021 -
Permission granted by Leonard's Express
Leonard’s Express expands reefer capacity through M&A as spot rates rise
The carrier is acquiring Holman Transportation Services, which hauls in the food and grocery, dairy, and frozen food industries.
By S.L. Fuller • March 29, 2021 -
Permission granted by Romeo Power
New year brings string of electric-truck deals in the waste industry
After going public via special purpose acquisition companies, several OEMs are linking up with waste specialists to gain a foothold in the sector.
By Maria Rachal • Feb. 24, 2021 -
Courtesy of UPS
‘No sweat’: TFI open to more M&A as it streamlines UPS Freight
To cut UPS Freight costs, TFI is drawing on lessons it learned when it acquired CFI from XPO Logistics in 2016.
By Jim Stinson • Feb. 9, 2021 -
Courtesy of XPO.
XPO Logistics splits in twoXPO CEO: More acquisitions possible once spinoff is complete
Bradley Jacobs turned XPO into a trucking powerhouse over the years by growing the LTL company organically and through absorbing other firms.
By Jim Stinson • Jan. 27, 2021 -
Getty
North American M&A deal volume hits record Q4: survey
Pent-up demand, ample available capital, low interest rates and a return in confidence among business leaders will likely push up transaction totals in 2021, one expert said.
By Jim Tyson • Jan. 22, 2021 -
Why experts are bullish on transport M&A in 2021
"Pent-up" demand to buy is already showing its face this year, with James Richardson & Sons and Wescan Capital acquiring 100% of the shares of Bison Transport.
By Jim Stinson • Jan. 13, 2021 -
JB Hunt sets out on expedition for final-mile acquisitions
Carriers see opportunity in last mile as e-commerce grows. Buying smaller fleets comes with the books of business, the talent and the know-how to enter the final-mile market.
By Jim Stinson • Dec. 14, 2020 -
Courtesy of Comcar
TFI’s textbook M&A strategy could lead to US headquarters
Analysts say integrated operations and perseverance through the pandemic set the company up for bigger buys.
By Jim Stinson • Nov. 25, 2020 -
Courtesy of Navistar
Traton to acquire Navistar for $3.7B, entering the North American truck market
The freight market is poised for long-term growth, opening up sales opportunities for OEMs.
By Jim Stinson • Oct. 19, 2020 -
Getty
Deloitte: M&A is picking up as tech firms focus on partnerships, joint ventures
Partnerships in truck technology have been a common occurrence this year, with OEMs, brokers and fleets pooling resources to develop products.
By Robert Freedman • Oct. 12, 2020 -
Courtesy of Keith Hall and Sons
TFI scoops up another US subsidiary for $225M
The Canadian carrier will acquire DLS, based near Chicago, as fleets north of the border tap into opportunities in the U.S. economy.
By Jim Stinson • Sept. 16, 2020 -
Courtesy of Apps Transport Group
TFI buys Apps Transport Group, expanding LTL and intermodal portfolio
Apps generates roughly $76 million in annual revenue, fitting TFI's strategy to make smaller acquisitions amid down market conditions.
By S.L. Fuller • Aug. 31, 2020
Previous
