Mergers & Acquisitions


  • A photo shows the interior and exterior of Estes Express Lines' new LTL terminal in Banning, California.
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    Courtesy of Estes Express Lines
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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 Dec. 6, 2024
  • UPS logo on the side of a truck
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    Mario Tama via Getty Images
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    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 Dec. 5, 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 Canada Cartage tractor-trailer on a road with mountains in the background.
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    Permission granted by Canada Cartage
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    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 Dec. 4, 2024
  • Parked tanker trucks from Kenan Advantage Group, or KAG.
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    Permission granted by Kenan Advantage Group
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    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 Nov. 26, 2024
  • Schneider National eCascadia Freightliner electric truck
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    Provided by Schneider National 

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    Schneider National to buy Cowan

    With the acquisition, Schneider will operate over 8,400 dedicated tractors.

    By Nov. 25, 2024
  • Yellow Corp. terminal Montgomery Illinois
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    Photo by Larry Avila 

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    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 Nov. 20, 2024
  • IMC Logistics American Pacific Transportation
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    Provided by IMC

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    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 Nov. 19, 2024
  • An ACT trucker drives on a Texas highway next to passenger vehicles in May 2024 under a clear blue sky.
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    David Taube/Trucking Dive
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    ‘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 Nov. 18, 2024
  • Keystone Western trucks
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    Courtesy of Keystone Western
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    TFI acquires Canada-based motorsport logistics specialist

    Keystone Western offers truckload, LTL, dry van and patented dual floor motorsport trailers at three terminals.

    By Nov. 14, 2024
  • Four Moran Transportation trucks parked in a row.
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    Courtesy of Moran Transportation
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    Moran Transportation acquires Ohio-based LTL carrier

    The combined company will boast a dozen service centers and more than 675 pieces of equipment.

    By Nov. 7, 2024
  • An ACT trucker drives on a Texas highway next to passenger vehicles in May 2024 under a clear blue sky.
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    David Taube/Trucking Dive
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    Knight-Swift LTL expansion in California unlocks new customers

    “We think California was a game-changer for us,” CFO Andrew Hess said.

    By Oct. 24, 2024
  • An E.W. Wylie flatbed truck carrying construction equipment.
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    Permission granted by Daseke
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    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 Oct. 22, 2024
  • Taylor Swift The Eras Tour Shomotion
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    Provided by Shomotion

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    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 Oct. 15, 2024
  • Forward Air Corp
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    Provided by Brunswick Group

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    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 Oct. 10, 2024
  • West Side Transport tractors lined up in a cascading row.
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    Permission granted by EVO
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    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 Sept. 30, 2024
  • A FedEx Freight truck is stationed at a dock door.
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    Courtesy of FedEx Freight
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    FedEx Freight slashes spending 62% ahead of potential spinoff

    The logistics giant nearly halved overall truck and trailer expenditures last quarter.

    By Updated Sept. 20, 2024
  • Trash truck
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    Courtesy of Casella Waste Systems
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    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 tractor shipping container
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    Provided by Air Van

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    Air Van acquires Imeson Distribution Center

    The third-party logistics provider grew its warehouse space by 700,000 square feet. 

    By Sept. 16, 2024
  • A worker at a Groendyke Transport tanker.
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    Permission granted by Groendyke Transportation
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    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 Sept. 5, 2024
  • BRW intermodal Haney and White B.R. Williams Trucking
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    Photo provided by Haney and White

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    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 Aug. 30, 2024
  • An ACT trucker drives on a Texas highway next to passenger vehicles in May 2024 under a clear blue sky.
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    David Taube/Trucking Dive
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    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 Aug. 27, 2024
  • Two people laugh behind a replica cake of an A. Duie Pyle truck, the trucks trailer reads, “100 service since 1924”.
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    Permission granted by Philip-Gabriel/A. Duie Pyle
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    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 Aug. 20, 2024
  • Car Carrier truck
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    georgeclerk via Getty Images
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    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 Aug. 15, 2024
  • A driver stands near an open CMW Express trailer surrounded by other trailers in a company parking lot.
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    Courtesy of CMW Express
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    TFI acquires 2 more Canada-based carriers

    The freight giant's acquisition of CMW Express brought subsidiary FRL Express along with it.

    By Aug. 14, 2024
  • GLS Group DC Logistics
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    Provided by GLS Group

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    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 Aug. 13, 2024