Mergers & Acquisitions: Page 3
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Volvo acquires Proterra’s EV battery business
The startup manufactures batteries for medium- and heavy-duty vehicles and declared bankruptcy earlier this year.
By Joelle Anselmo • Nov. 21, 2023 -
Forward Air shareholder calls out ‘intimidation tactics’ by Omni
Ancora Holdings Group claimed Omni has “unleashed an army of lawyers” on the shareholder over its opposition to a merger.
By Larry Avila • Nov. 20, 2023 -
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 -
Leaky roofs, damaged lots: Estes says Yellow facilities need $27M in repairs
The bankrupt LTL also entered into undisclosed, month-to-month parking subleases at properties in New Jersey and Washington, Estes said in a filing.
By Colin Campbell • Nov. 13, 2023 -
Offen Petroleum adds over 150 fuel stations in Douglass deal
The wholesale business addition will strengthen its Lone Star State presence and potential for future expansion.
By Brett Dworski • Nov. 8, 2023 -
CRST acquires Texas-based carrier, brokerage
The Iowa-based transportation giant wants to bolster its Capacity Solutions business with BCB Transport’s fleet.
By Larry Avila • Nov. 7, 2023 -
Schneider National revenue drop softened by acquisition
M&M Transport’s organic growth and revenues offset some of the TL segment’s Q3 decline, the carrier reported.
By Larry Avila • Nov. 7, 2023 -
Premier Bulk Systems acquires 3PL
Premier Bulk Systems added Ark Traffic Solutions to its operations, strengthening its capabilities in Canada.
By David Taube • Nov. 6, 2023 -
Omni sues to force Forward Air merger
The lawsuit followed Forward Air's CEO telling investors the company is considering ending the deal and pursuing other options. The company filed a legal response on Monday.
By Larry Avila • Updated Nov. 13, 2023 -
Hub Group CEO hints more M&A is on the way
President Phil Yeager is optimistic a deal can be completed in the short term.
By Larry Avila • Oct. 31, 2023 -
Forward Air reconsiders merger with Omni Logistics
The company said it is reviewing its obligations, including its right to terminate the agreement, while Omni continues to push for the deal.
By Larry Avila • Oct. 26, 2023 -
ABF Freight ‘evaluating opportunities’ to buy Yellow terminals
The 100-year-old LTL carrier has identified properties of interest to accelerate its real estate expansion, President Seth Runser told Trucking Dive.
By Colin Campbell • Oct. 24, 2023 -
Ryder to acquire 3PL in major move
The pending acquisition of Impact Fulfillment Services will expand the company’s customer base in retail, health and beauty.
By David Taube • Oct. 23, 2023 -
Convoy closes, unable to find buyer
A total of 533 employees were laid off, according to a Worker Adjustment and Retraining Notification.
By Larry Avila • Updated Oct. 24, 2023 -
Q&A
Warehouse Services buys Texas firm, expands fleet with cross-border services
WSI acquired El Paso-based Sky Transportation Services, adding 200 trucks and 150 drivers, COO Steve Magruder told Trucking Dive.
By David Taube • Oct. 16, 2023 -
Tough economy is trucking’s top issue in 2023: ATRI
The nonprofit's annual report illustrates differences between drivers' and carriers' concerns.
By Colin Campbell • Oct. 16, 2023 -
UPS to acquire specialized healthcare goods carrier
The deal would provide UPS with added technology and reach, as MNX Global Logistics serves more than 100 countries and territories.
By Max Garland • Oct. 10, 2023 -
FST Logistics acquires Hyway Trucking
The purchase is a first for the Ohio-based 3PL services provider, which will double its fleet size.
By Larry Avila • Oct. 3, 2023 -
PolyQuest acquires Baker Transportation
The addition of the dry van, warehouse and expedited specialist will expand the company’s access to Southeastern distribution networks.
By Larry Avila • Oct. 2, 2023 -
How JB Hunt’s purchase of BNSF’s brokerage assets helps both companies
The trucking company can now divert more business to itself, while the rail carrier can offload complex operations in a weak market.
By Larry Avila • Sept. 26, 2023 -
Estes approved as stalking horse bidder for Yellow’s terminals
The privately owned LTL carrier outbid Old Dominion Freight Line, setting a floor valuation of $1.525 billion for the properties.
By Colin Campbell • Sept. 22, 2023 -
Estes bid for Yellow terminals comes with a sweetener
Thirty days of free parking while the bankrupt carrier’s equipment is removed has an estimated value of $10 million.
By Colin Campbell • Sept. 19, 2023 -
Estes to acquire Minneapolis-based brokerage
The deal for Superior Brokerage Services is expected to double Estes Forwarding Worldwide's annual revenue.
By Colin Campbell • Sept. 18, 2023 -
Werner CEO notes caution with M&A in current environment
The company is putting a pause on M&A, Derek Leathers said this week at the Morgan Stanley 11th Annual Laguna Conference.
By David Taube • Sept. 14, 2023 -
Estes raises offer for Yellow terminals to $1.525B
The privately owned LTL carrier is in a bidding war with Old Dominion Freight Line for the properties.
By Colin Campbell • Sept. 14, 2023 -
TFI acquires food tanker carrier
Vedder Transportation Group is the Canada-based freight giant's ninth acquisition this year.
By Colin Campbell • Sept. 13, 2023