Mergers & Acquisitions


  • A Groupe CRS Express truck.
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    Courtesy of Groupe CRS Express
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    TFI acquires Canada-based flatbed hauler

    The freight giant continues to bolster its truckload unit ahead of an anticipated spinoff.

    By July 16, 2024
  • An exterior photo shows Estes Express Lines' new terminal in St. Cloud, Minnesota.
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    Courtesy of Estes Express Lines
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    Estes reopens former Yellow terminals in Minnesota, California

    The carrier acquired the leases to the St. Cloud and San Fernando sites along with two dozen properties from the shuttered LTL last year.

    By July 3, 2024
  • Driving on open road at beautiful sunny day. Aerial view of highway. Explore the Trendline
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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
  • A black Veneer Chip Transport truck is parked on a gravel road next to a wooden fence.
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    Courtesy of Veneer Chip Transport
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    Veneer Chip Transport acquires bulk, livestock hauler

    The acquisition of Signature Transport's assets and property in Kelso, Washington, is expected to boost Veneer's service.

    By July 2, 2024
  • Wellington Group of Companies Contract Express generic truck
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    benkrut via Getty Images
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    Wellington Group acquires Contract Express

    The deal expands the Canada-based logistics company’s brokerage, truckload and LTL services.

    By June 28, 2024
  • A FedEx Freight truck is stationed at a dock door.
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    Courtesy of FedEx Freight
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    The next big LTL shakeup? FedEx explores options for Freight division

    Any sale or spinoff would follow a shift by large carriers toward pure-play operations — and could further consolidate an LTL sector still reeling from Yellow’s demise.

    By June 27, 2024
  • Saia tractors without trailers at a lot in Cresson, Pennsylvania
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    Thai Phi Le/Trucking Dive
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    Saia reopens Yellow terminals in Texas, California, Minnesota

    The site in Laredo, Texas, one of the carrier's most expensive acquisitions, will support its partnership with Fletes México.

    By June 25, 2024
  • RXO staff work at computers in a modern office with a TV screen showing the company's logo and green lights illuminating desk dividers.
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    Courtesy of XPO
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    RXO to acquire UPS’ Coyote Logistics

    The parcel giant expects to complete the $1.025 billion deal by the end of 2024.

    By June 24, 2024
  • CH Robinson alternate corporate HQ
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    Provided by C.H. Robinson 

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    CH Robinson promotes COO to chief strategy, innovation officer

    Arun Rajan, who also previously served as chief technology officer, took on the newly created role last week.

    By June 24, 2024
  • Forward Air Corp mountains on road
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    Provided by Brunswick Group

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    Forward Air announces layoffs following Omni acquisition

    The company did not disclose the number of jobs eliminated but said the cuts were “necessary to right-size the combined companies” and cut costs.

    By June 21, 2024
  • TFI International office
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    Provided by TFI International

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    TFI acquires Canada food tank hauler

    Entreposage Marco specializes in edible products, including various oils, liquid cream yeast, sweeteners and fruit juices.

    By June 20, 2024
  • Generic truck rolling down highway
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    Grandriver via Getty Images
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    Radiant Logistics acquires Seattle-based Cascade Transportation

    The acquisition expands the 3PL’s presence in the retail, e-commerce and production furniture markets.

    By June 14, 2024
  • A tractor-trailer travels in the evening light in Canada.
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    shaunl via Getty Images
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    Transfix sells brokerage to NFI, pivots its business

    The digital firm will focus on selling software as a service.

    By June 6, 2024
  • A tractor-trailer on a highway in Utah.
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    grandriver via Getty Images
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    Las Vegas investment firm acquiring gaming industry freight provider

    The acquisition aims to bolster Golden Triangle Ventures’ trucking and logistics business.

    By June 5, 2024
  • Estes Express Lines has reopened a shuttered Yellow terminal in Boynton Beach, Florida.
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    Courtesy of Estes Express Lines
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    Estes reopens shuttered Yellow terminal in Florida

    The 36-door facility is located on about six acres near I-95 and Route 1 in Boynton Beach.

    By May 22, 2024
  • XPO Service Center Manager Steve Zapata cuts a ribbon at the new Landover, Maryland terminal alongside employees and dignitaries.
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    Colin Campbell/Trucking Dive
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    XPO reopens Yellow terminals in Maryland, Nevada, Texas

    The carrier has begun handling freight at six of the 28 service centers it acquired from its bankrupt competitor last year.

    By May 10, 2024
  • Forward Air Corp
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    Provided by Brunswick Group

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    Forward Air Q1 profits tumble 239%

    The company’s costs to integrate its Omni Logistics acquisition and weak freight environment contributed to the loss.

    By May 9, 2024
  • MJ Lavoie trucks in a gravel lot.
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    Courtesy of MJ Lavoie
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    TFI acquires Canada-based specialty truckload carrier

    The freight giant bought waste hauler MJ Lavoie as it builds up its TL holdings in advance of an expected spin-off.

    By May 8, 2024
  • A Swift Transportation tractor-trailer maneuvers in a truck parking lot in Maryland near green grass and blue skies.
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    David Taube/Trucking Dive
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    Knight-Swift eyes LTL expansion in Northeast, Southwest

    M&A could help the company gain a foothold, but organic expansion is its near-term focus, executives said.

    By May 7, 2024
  • ABF Freight trucks at a dock.
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    Courtesy of ArcBest
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    ArcBest lowers M&A vote threshold

    A proposal to remove a supermajority requirement for any future acquisition was approved during an April 16 stockholder meeting.

    By Updated May 2, 2024
  • An E.W. Wylie flatbed truck carrying construction equipment.
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    Permission granted by Daseke
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    TFI cuts Daseke head office salaries by $12M

    The Canada-based freight giant is lowering costs by 75% at the corporate headquarters of the acquired business.

    By April 30, 2024
  • Hub Group intermodal Union Pacific train
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    Provided by Union Pacific.

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    Hub Group M&A deal boosts Q1 revenue

    With the integration of the former Forward Air segment in its rearview, CEO Phil Yeager says the company is “back in the market” for more deals.

    By April 26, 2024
  • A Lew Thompson & Son poultry truck.
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    Courtesy of Lew Thompson & Son Trucking
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    Covenant reports $8M expense related to acquisition

    The Lew Thompson deal came with a contingent consideration expense based on the subsidiary's performance.

    By April 26, 2024
  • Auto carrier Cox Automotive
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    shaunl via Getty Images
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    5 auto carriers propose $180M merger

    Florida-based Proficient Auto Transport is leading the roll-up of the companies, whose largest customer is General Motors.

    By April 22, 2024
  • The exterior of a former Yellow Corp. truck terminal in Landover, Maryland, that was acquired by XPO at a bankruptcy auction.
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    Colin Campbell/Trucking Dive
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    XPO, Estes, Saia begin to reopen Yellow’s former terminals

    Remaining LTL players are incorporating the bankrupt carrier’s properties into their networks after scooping up its freight and assets last year.

    By April 19, 2024
  • A truck on Route 66 travels by an open field with a blue sky in the background.
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    franckreporter via Getty Images
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    Radiant Logistics acquires Minnesota-based brokerage

    Viking Worldwide specializes in high-tech, brand management, life-sciences and trade shows, according to the announcement.

    By April 12, 2024