Mergers & Acquisitions: Page 3


  • volvo-logo
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    (Photo by Joe Raedle/Getty Images) via Getty Images
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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 Corp
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    Provided by Brunswick Group

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    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 Nov. 20, 2023
  • Driving on open road at beautiful sunny day. Aerial view of highway. Explore the Trendlineâž”
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    valio84sl via Getty Images
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    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
  • Yellow Corp. YRC Montrgomery Illlinois terminal
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    Photo by Larry Avila

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    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 Nov. 13, 2023
  • Offen
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    Retrieved from Offen Petroleum.
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    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 traveling south on I-355 suburban Chicago
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    Photo by Larry Avila

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    CRST acquires Texas-based carrier, brokerage

    The Iowa-based transportation giant wants to bolster its Capacity Solutions business with BCB Transport’s fleet.

    By Nov. 7, 2023
  • Schneider National truck on rural road
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    Provided by Schneider National

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    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 Nov. 7, 2023
  • A tanker drives along the highway, toward the sun.
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    Apriori1 via Getty Images
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    Premier Bulk Systems acquires 3PL

    Premier Bulk Systems added Ark Traffic Solutions to its operations, strengthening its capabilities in Canada.

    By Nov. 6, 2023
  • A Kodiak Robotics truck is linked to a Forward Air trailer.
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    Courtesy of PR Newswire
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    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 Updated Nov. 13, 2023
  • Hub Group Freightliner eCascadia shipping container 2
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    Provided by Daimler Truck North America. 

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    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 Oct. 31, 2023
  • A Kodiak Robotics truck is linked to a Forward Air trailer.
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    Courtesy of PR Newswire
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    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 Oct. 26, 2023
  • Yellow Corp. YRC Montrgomery Illlinois terminal
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    Photo by Larry Avila

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    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 Oct. 24, 2023
  • A Ryder truck and forklift operated by a worker.
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    Courtesy of Business Wire / Ryder
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    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 Oct. 23, 2023
  • Convoy Inc. truck on bridge
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    Obtained from Business Wire

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    Convoy closes, unable to find buyer

    A total of 533 employees were laid off, according to a Worker Adjustment and Retraining Notification. 

    By Updated Oct. 24, 2023
  • A Sky Transportation Services truck on the roadway.
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    Permission granted by WSI
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    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 Oct. 16, 2023
  • A semi-truck driving on isolated street with coins surrounding it.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images 

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    Tough economy is trucking’s top issue in 2023: ATRI

    The nonprofit's annual report illustrates differences between drivers' and carriers' concerns.

    By Oct. 16, 2023
  • A United Parcel Service (UPS) truck delivers boxes in Manhattan in April 2022
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    Spencer Platt via Getty Images
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    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 Oct. 10, 2023
  • FTS Logistics 3pl
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    Provided by FTS Logistics 

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    FST Logistics acquires Hyway Trucking

    The purchase is a first for the Ohio-based 3PL services provider, which will double its fleet size.

    By Oct. 3, 2023
  • Baker Transport Inc. dry van
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    LPETTET via Getty Images
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    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 Oct. 2, 2023
  • J.B. Hunt BNSF intermodal
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    Provided by BNSF

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    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 Sept. 26, 2023
  • Estes Express Lines' headquarters is in a former life insurance building on West Broad Street in Richmond.
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    Colin Campbell/Trucking Dive
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    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 Sept. 22, 2023
  • A notice attached to a dolly at a Yellow terminal in Hayward, California notifies customers and employees company operations have ceased as of noon Sunday.
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    Edwin Lopez/Trucking Dive
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    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 Sept. 19, 2023
  • Trucks drive along a highway at twilight in a motion blur photograph.
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    THEPALMER via Getty Images
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    Estes to acquire Minneapolis-based brokerage

    The deal for Superior Brokerage Services is expected to double Estes Forwarding Worldwide's annual revenue.

    By Sept. 18, 2023
  • A Werner tractor-trailer on I-95 in Virginia in May 2023.
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    David Taube/Trucking Dive
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    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 Sept. 14, 2023
  • Yellow posted four signs announcing operations had ceased at the gate of its Hayward, California terminal.
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    Edwin Lopez/Trucking Dive
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    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 Sept. 14, 2023
  • A Vedder Transportation Group truck pulls two tankers.
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    Retrieved from Vedder Transportation Group on Facebook on September 07, 2023
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    TFI acquires food tanker carrier

    Vedder Transportation Group is the Canada-based freight giant's ninth acquisition this year.

    By Sept. 13, 2023