Mergers & Acquisitions
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Courtesy of FedEx Freight
‘The right time’: FedEx will spin off FedEx Freight LTL unit
FedEx Freight will be separated from the parcel giant, creating a new publicly traded company, the board announced.
By Colin Campbell • Dec. 19, 2024 -
Permission granted by ABF Freight
Keys to longevity: Business lessons from three 100-year-old LTL carriers
Dedication to customers and employees, plus investments in growth, are critical to long-term success, executives told Trucking Dive.
By Colin Campbell • Dec. 19, 2024 -
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TrendlineTop 5 stories from Trucking Dive
These five stories detail the top trends and issues facing the trucking and transportation industry.
By Trucking Dive staff -
Anna Moneymaker/Getty Images via Getty Images
Fed trims main interest rate, signals prospect of less easing in 2025
Policymakers reduced the benchmark interest despite signs that their nearly three-year fight to push down inflation to their 2% target has stalled.
By Jim Tyson • Updated Dec. 18, 2024 -
Permission granted by Saia
Deep Dive‘A whirlwind’: Saia sprints toward nationwide ambitions in 100th year
The Georgia-based LTL carrier spent $1 billion and reopened more than 20 former Yellow Corp. terminals in its centennial year.
By Colin Campbell • Dec. 17, 2024 -
Provided by Schneider National
Why trucking M&A accelerates at the end of the year
Taxes, budgets and other pressures to close before the next year come into play.
By Colin Campbell • Dec. 13, 2024 -
Oleh_Slobodeniuk via Getty Images
Mullen Group budgets $150M for acquisitions next year
With the help of M&A, the Canada-based transportation conglomerate seeks 10% growth in 2025.
By David Taube • Dec. 12, 2024 -
Courtesy of Estes Express Lines
Estes reopens former Yellow terminals
The facilities are among the two dozen properties and a dozen leases the Virginia-based carrier acquired in last year's bankruptcy auction.
By Colin Campbell • Dec. 6, 2024 -
Mario Tama via Getty Images
SEC fines UPS $45M for overvaluing LTL unit ahead of sale
TFI International acquired UPS Freight, which it rebranded to TForce Freight, for $800 million in 2021.
By Colin Campbell • Dec. 5, 2024 -
Permission granted by Canada Cartage
Canada Cartage to acquire western reefer carrier
The deal with Coastal Pacific Xpress furthers the Ontario-based carrier’s foray into the U.S. with more M&A.
By David Taube • Dec. 4, 2024 -
Permission granted by Kenan Advantage Group
Kenan Advantage Group acquires 2 more dry bulk carriers
The Ohio-based company bought PRM Trucking and XBL Holdings to expand a new line of business it began this year.
By Colin Campbell • Nov. 26, 2024 -
Provided by Schneider National
Schneider National closes $390M acquisition of Cowan
With the acquisition, Schneider will operate over 8,400 dedicated tractors.
By David Taube • Updated Dec. 10, 2024 -
Photo by Larry Avila
R+L Carriers reopens old Yellow Corp. terminals
Facilities in South Carolina and Oklahoma were among the carrier's $211.5 million in real estate purchases from the bankrupt competitor.
By Colin Campbell • Nov. 20, 2024 -
Provided by IMC
IMC Logistics to be sold, supply chain conglomerate announces
Switzerland-headquartered Kuehne+Nagel will acquire a majority stake in the Tennessee-based marine drayage provider.
By David Taube • Nov. 19, 2024 -
David Taube/Trucking Dive
‘Go in with humility’: Knight-Swift M&A strategy focuses on people
The TL giant’s growing LTL business has benefited from acquisitions and a workforce that grows with the company, Treasurer and SVP of Investor Relations Brad Stewart said.
By David Taube • Nov. 18, 2024 -
Courtesy of Keystone Western
TFI acquires Canada-based motorsport logistics specialist
Keystone Western offers truckload, LTL, dry van and patented dual floor motorsport trailers at three terminals.
By Colin Campbell • Nov. 14, 2024 -
Courtesy of Moran Transportation
Moran Transportation acquires Ohio-based LTL carrier
The combined company will boast a dozen service centers and more than 675 pieces of equipment.
By Colin Campbell • Nov. 7, 2024 -
David Taube/Trucking Dive
Knight-Swift LTL expansion in California unlocks new customers
“We think California was a game-changer for us,” CFO Andrew Hess said.
By David Taube • Oct. 24, 2024 -
Permission granted by Daseke
TFI will delay spinoff of Daseke, other truckload assets
The Canada-based freight giant wants to close a $4 billion to $5 billion acquisition around the end of next year before it splits its LTL and TL businesses.
By Colin Campbell • Oct. 22, 2024 -
Provided by Shomotion
Tennessee coach company acquires 2 entertainment transportation businesses
Dreamliner will expand its transportation niche with carriers that have worked with Taylor Swift and Jelly Roll.
By Larry Avila • Oct. 15, 2024 -
Provided by Brunswick Group
Forward Air investors push for company sale
Investment firms are urging the board to launch a formal sales process, following a wave of executive departures and a rough acquisition.
By Larry Avila • Oct. 10, 2024 -
Permission granted by EVO
EVO acquires Midwest-based carrier in move to diversify its freight
The acquisition will also give "huge density in the Midwest market,” President and COO Kris Kohls said in an interview with Trucking Dive.
By David Taube • Sept. 30, 2024 -
Courtesy of FedEx Freight
FedEx Freight slashes spending 62% ahead of potential spinoff
The logistics giant nearly halved overall truck and trailer expenditures last quarter.
By Colin Campbell • Updated Sept. 20, 2024 -
Courtesy of Casella Waste Systems
Casella expanding in New York and Connecticut with latest acquisition
The family-owned waste haulers, Royal Carting and Welsh Sanitation, are expected to generate over $90 million in annualized revenues.
By Megan Quinn • Sept. 20, 2024 -
Provided by Air Van
Air Van acquires Imeson Distribution Center
The third-party logistics provider grew its warehouse space by 700,000 square feet.
By Larry Avila • Sept. 16, 2024 -
Permission granted by Groendyke Transportation
Groendyke to acquire New Jersey-based tanker business
The deal will help the hazmat and asphalt transportation provider regain a presence in the Northeast.
By David Taube • Sept. 5, 2024
