Mergers & Acquisitions: Page 3

  • A Leonard's Express truck.
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    Permission granted by Leonard's Express
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    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
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    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
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    ‘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.

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    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
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    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
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    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
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    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
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    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
  • PwC: Transportation, logistics M&A activity to pick up speed

    Though investors are expected to remain cautious, the focus on liquidity should spark divestments in the industry, the firm said.

    By Ted Knutson & S.L. Fuller • Aug. 4, 2020
  • TFI buys Keith Hall & Sons in 3rd specialized TL acquisition of 2020

    The Montreal-based fleet is snapping up specialized TL carriers as the economy creates buying opportunities.

    By Jim Stinson • Aug. 3, 2020
  • Comcar flatbed
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    Courtesy of Comcar
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    PS Logistics buys Comcar’s CT Transportation as carrier files for bankruptcy

    As the economy wobbles, some carriers with cash court distressed competitors.

    By Jim Stinson • Updated June 30, 2020
  • A YRC freight truck driving on a road.
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    Courtesy of YRC Worldwide
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    YRC/Yellow's survival tale

    YRC troubles increase as Stifel suspends estimate, ratings

    As YRC struggles to attain profitability, analysts expect LTL competitors to gain from the carrier's woes.

    By Jim Stinson • May 14, 2020
  • COVID-19 puts the brakes on transport M&A

    A recessionary economy will provide an opportunity for buyers with a cash cushion, but deeper into the second quarter of the year, it will become difficult to close deals, analysts said.

    By Jim Stinson • March 23, 2020