Mergers & Acquisitions
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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 -
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 -
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 -
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 -
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 -
Schneider National to buy Cowan
With the acquisition, Schneider will operate over 8,400 dedicated tractors.
By David Taube • Nov. 25, 2024 -
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 -
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 -
‘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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
Haney and White acquires Alabama carrier, LTL brokerage
The combined operations with B.R. Williams will operate as BRW, employing 300 people across four states.
By Larry Avila • Aug. 30, 2024 -
Knight-Swift expects to open 38 LTL service centers this year
CEO Adam Miller said the locations will add more than 1,000 doors to the company’s network, a 22% increase.
By David Taube • Aug. 27, 2024 -
Deep Dive
‘Absolutely committed’: A. Duie Pyle celebrates 100th anniversary as a family-owned company
The Pennsylvania-based carrier survived a strike, deregulation and other challenges to grow into a premier Northeast regional LTL provider national competitors want to acquire.
By Colin Campbell • Aug. 20, 2024 -
Proficient Auto Logistics to acquire Utah-based carrier
The company’s acquisition of Auto Transport Group adds a sixth vehicle transporter to its portfolio.
By Larry Avila • Aug. 15, 2024 -
TFI acquires 2 more Canada-based carriers
The freight giant's acquisition of CMW Express brought subsidiary FRL Express along with it.
By Colin Campbell • Aug. 14, 2024 -
DC Logistics deal with GLS will revive Mountain Valley Express
The acquisition, expected to close next month, is part of DC Logistics’ ambition to grow into one of the nation’s 20 largest LTL carriers.
By Larry Avila • Aug. 13, 2024