Mergers & Acquisitions


  • Containers sit near a railroad interchange with te Chicago skyline in the background.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Union Pacific, Norfolk Southern agree to merge

    The two companies aim to close the transaction in early 2027, bringing together 50,000 route miles to form “the first transcontinental railroad” in the U.S.

    By Philip Neuffer • July 31, 2025
  • A tractor hauling a Hub Group container on a highway with passenger vehicles nearby.
    Image attribution tooltip
    Sundry Photography via Getty Images
    Image attribution tooltip

    Hub Group to acquire Marten Transport’s intermodal division

    The $51.8 million deal, expected to close in Q3, seeks to more than double the Illinois-based transportation company’s reefer fleet.

    By July 23, 2025
  • Driving on open road at beautiful sunny day. Aerial view of highway. Explore the Trendline
    Image attribution tooltip
    valio84sl via Getty Images
    Image attribution tooltip
    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
  • A Forward Air semi-truck driving on a rural section of Interstate 90 in eastern Washington state with some trees in the background.
    Image attribution tooltip
    Jon Tetzlaff via Getty Images
    Image attribution tooltip

    Forward Air reveals new chairman’s salary, performance-based stock

    Jérôme Lorrain's compensation includes a sign-on equity award and, depending on the completion of certain strategic goals, a special grant of 25,000 shares.

    By July 22, 2025
  • A Love's travel stop in Arizona with blue sky in the background.
    Image attribution tooltip
    Courtesy of Love's
    Image attribution tooltip

    Love’s expands travel stop footprint in Arizona

    The company’s Winslow store adds 81 parking spaces along Interstate 40.

    By July 2, 2025
  • CPKC train Canadian Pacific Kansas City Southern
    Image attribution tooltip

    Provided by CPKC

    Image attribution tooltip

    CPKC aims to remedy service disruptions by mid-July

    Issues with a technology transition have led to increased dwell time and missed switches.

    By June 30, 2025
  • Allison Transmission International Truck 3414 RHS transmission
    Image attribution tooltip

    Provided by Allison Transmission 

    Image attribution tooltip

    Allison Transmission acquires Dana Inc.’s off-highway unit for $2.7B

    Through the purchase, the supplier aims to expand its commercial powertrain offerings to a broader global marketplace. 

    By June 16, 2025
  • A truck equipped with Plus' autonomous technology on the road with blue skies and white clouds in the background.
    Image attribution tooltip
    Permission granted by Plus
    Image attribution tooltip

    Plus Automation to go public via SPAC deal

    The virtual driver software firm expects to get up to $300 million by merging with Churchill Capital Corp IX later this year.

    By June 11, 2025
  • Rows of trucks parked at a rest stop against a yellow and pink sunset.
    Image attribution tooltip
    Aziz Shamuratov via Getty Images
    Image attribution tooltip

    LAZ Parking buys majority stake in Freight Ninja

    The companies share a vision to grow the number of safe parking locations for truck drivers across the U.S.

    By May 27, 2025
  • Forward Air Corp. trailer freight
    Image attribution tooltip

    Provided by Brunswick Group

    Image attribution tooltip

    Forward Air pushes for Delaware reincorporation via merger

    The company’s board of directors believes that the state’s business-friendly laws will help maximize shareholder value through strategic transactions.

    By May 21, 2025
  • Republic Services collection truck driving
    Image attribution tooltip
    Courtesy of Republic Services
    Image attribution tooltip

    Republic Services acquires pair of private haulers in Wisconsin

    The purchase of Town & Country Sanitation and Peterson Sanitation caps off decades of private ownership.

    By Cole Rosengren • May 9, 2025
  • A photo of a set of electric vehicle chargers under a canopy. The canopy is red and yellow and the words on it say EV.
    Image attribution tooltip
    Courtesy of Love's Travel Stops & Country Stores
    Image attribution tooltip

    Love’s acquires 44 CNG locations

    Its Trillium Energy Solutions division, now rebranded to Love’s Alternative Energy, purchased a mix of public and private compressed natural gas stations.

    By Jessica Loder • May 6, 2025
  • A white TFI International tractor-trailer drives on a road.
    Image attribution tooltip
    Permission granted by TFI International
    Image attribution tooltip

    TFI walks away from M&A deal due to tariff uncertainty

    While the freight conglomerate closed two small deals in Q1, acquisitions this year will be “minimal,” CEO Alain Bédard said.

    By May 1, 2025
  • Multiple tucks drive through the Port of Oakland.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Mullen Group to acquire logistics firm focused on customs brokerage, forwarding

    The public company’s top executive says Cole Group’s 3PL freight service aligns with its U.S. and international logistics segment.

    By April 30, 2025
  • Kodiak Robotics highway truck
    Image attribution tooltip

    Provided by Kodiak Robotics

    Image attribution tooltip

    Kodiak looks to go public via SPAC deal

    The builder of autonomous truck technology has agreed to merge with Ares Acquisition Corp. II, a special purpose acquisition company, at a $2.5 billion valuation.

    By Haley Cawthon • April 17, 2025
  • Parked tanker trucks from Kenan Advantage Group, or KAG.
    Image attribution tooltip
    Permission granted by Kenan Advantage Group
    Image attribution tooltip

    Kenan Advantage Group acquires MC Tank Transport

    KAG is set to gain 175 drivers, 100 tractors and more by purchasing the liquid bulk carrier.

    By April 2, 2025
  • An Estes Express Lines truck.
    Image attribution tooltip
    Courtesy of Estes Express Lines
    Image attribution tooltip

    Estes reopens Yellow terminal in Mississippi

    The Olive Branch location adds 80 doors and nearly 30,000 square feet of dock space to the company’s network.

    By March 21, 2025
  • Parked tanker trucks from Kenan Advantage Group, or KAG.
    Image attribution tooltip
    Permission granted by Kenan Advantage Group
    Image attribution tooltip

    Kenan Advantage Group acquires Evergreen Transport

    It’s the North Canton, Ohio-based company’s fourth deal since entering the dry bulk transportation market last year.

    By March 18, 2025
  • A side view of a large Amazon Prime tractor-trailer, with motion blur on the background as it passes on Interstate 40 in Nashville, Tennessee.
    Image attribution tooltip
    georgeclerk via Getty Images
    Image attribution tooltip

    Amazon’s LTL pursuit threatens to shuffle retail volumes in market

    The company could upend the sector just by handling its own shipments.

    By March 17, 2025
  • A white TFI International tractor-trailer drives on a road.
    Image attribution tooltip
    Permission granted by TFI International
    Image attribution tooltip

    TFI scoops up another former Yellow terminal

    The LTL carrier plans to add a small site in Fayetteville, North Carolina, to its network following the bankrupt company’s latest asset sale.

    By Haley Cawthorn • March 11, 2025
  • ABF ArcBest ABF Freight
    Image attribution tooltip

    Provided by ArcBest

    Image attribution tooltip

    ABF Freight acquires 2 more Yellow terminals

    The ArcBest-owned LTL carrier plans to spend $11.5M for properties in Washington and Colorado.

    By Haley Cawthorn • March 7, 2025
  • Knight-Swift spending $9.9M on 4 more Yellow terminals

    The deal will add a combined 170 doors by acquiring facilities in California and Virginia.

    By Feb. 28, 2025
  • An ACT trucker drives on a Texas highway next to passenger vehicles in May 2024 under a clear blue sky.
    Image attribution tooltip
    David Taube/Trucking Dive
    Image attribution tooltip

    Knight-Swift adds series of LTL terminals, part of nationwide expansion

    The company’s subsidiaries have expanded in Oklahoma, Alabama and Washington state, adding to its ever-increasing door count.

    By Haley Cawthorn • Feb. 26, 2025
  • A. Duie Pyle driver Jesse Weeks backs his truck up to a customer dock on May 1, 2024.
    Image attribution tooltip
    Colin Campbell/Trucking Dive
    Image attribution tooltip

    A. Duie Pyle buys 2 more Yellow terminals for $4.5M

    The sites in Bowling Green, Ohio, and Charleston, West Virginia, will add 110 doors to the carrier's regional network.

    By Feb. 25, 2025
  • A green truck labeled Standard Forwarding Freight, LLC is parked on a lot.
    Image attribution tooltip
    Permission granted by Tim Haitz, Standard Forwarding Freight
    Image attribution tooltip

    DHL sells 91-year-old Midwest LTL carrier

    New owner Sakaem Holdings rebranded Standard Forwarding and filled its leadership with Jack Cooper and Yellow alumni.

    By Feb. 19, 2025
  • A FedEx Freight tractor-trailer drives on the road. The industry will be closely watching the LTL carrier's spinoff in the next 18 months.
    Image attribution tooltip
    Sundry Photography via Getty Images
    Image attribution tooltip

    Competitors weigh in on impending FedEx spinoff

    Old Dominion, Saia, XPO and ArcBest all fielded questions from analysts about how the move might affect their operations and the broader LTL market.

    By Feb. 12, 2025