Mergers & Acquisitions: Page 2

  • A Heartland Express truck takes a trip on the road.
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    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 June 1, 2022
  • Trailer storage yard aerial in bright desert sun.
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    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 April 25, 2022
  • A Swift truck
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    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
  • An E.W. Wylie flatbed truck carrying construction equipment.
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    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
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
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    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
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    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
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    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
  • Aerial view of highway bridge over Danube River, Bavaria, Germany
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    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
  • Werner truck
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    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
  • A Swift truck
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    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
  • A Swift truck
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    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
  • Werner truck
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    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
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    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
  • A Leonard's Express truck.
    Image attribution tooltip
    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
  • Romeo Power lab in Vernon, CA
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    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
  • A UPS Freight truck drives on a road
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    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
  • An XPO driver with his truck.
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    Courtesy of XPO.

    XPO Logistics splits in two

    XPO 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
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    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
  • Comcar flatbed
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    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
  • A Navistar truck.
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    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
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    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
  • Keith Hall and Sons
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    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
  • A driver in an Apps Transport Group truck
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    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