Mergers & Acquisitions: Page 2
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Obtained from Business Wire
Ryder Systems Q2 operating revenue jumps 10%
The South Florida-based transportation conglomerate credits the acquisition of Cardinal Logistics for providing a boost to its dedicated business.
By Larry Avila • July 29, 2024 -
Thai Phi Le/Trucking Dive
Saia operating income grows 14% as it adds terminals
The carrier's operating income increased 14.4% in Q2 as it opened or relocated eight facilities.
By Colin Campbell • July 29, 2024 -
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David Taube/Trucking Dive
Knight-Swift operating income plummets 32.5%
A $12.5 million auto liability claim outweighed gains from its LTL segment and U.S. Xpress Enterprises acquisition.
By Larry Avila • July 26, 2024 -
Courtesy of Groupe CRS Express
TFI acquires Canada-based flatbed hauler
The freight giant continues to bolster its truckload unit ahead of an anticipated spinoff.
By Colin Campbell • July 16, 2024 -
Courtesy of Estes Express Lines
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 Colin Campbell • July 3, 2024 -
Courtesy of Veneer Chip Transport
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 Colin Campbell • July 2, 2024 -
benkrut via Getty Images
Wellington Group acquires Contract Express
The deal expands the Canada-based logistics company’s brokerage, truckload and LTL services.
By Larry Avila • June 28, 2024 -
Courtesy of FedEx Freight
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 Colin Campbell • June 27, 2024 -
Thai Phi Le/Trucking Dive
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 Colin Campbell • June 25, 2024 -
Courtesy of XPO
RXO to acquire UPS’ Coyote Logistics
The parcel giant expects to complete the $1.025 billion deal by the end of 2024.
By David Taube • June 24, 2024 -
Provided by C.H. Robinson
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 David Taube • June 24, 2024 -
Provided by Brunswick Group
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 Larry Avila • June 21, 2024 -
Provided by TFI International
TFI acquires Canada food tank hauler
Entreposage Marco specializes in edible products, including various oils, liquid cream yeast, sweeteners and fruit juices.
By Colin Campbell • June 20, 2024 -
Grandriver via Getty Images
Radiant Logistics acquires Seattle-based Cascade Transportation
The acquisition expands the 3PL’s presence in the retail, e-commerce and production furniture markets.
By Larry Avila • June 14, 2024 -
shaunl via Getty Images
Transfix sells brokerage to NFI, pivots its business
The digital firm will focus on selling software as a service.
By David Taube • June 6, 2024 -
grandriver via Getty Images
Las Vegas investment firm acquiring gaming industry freight provider
The acquisition aims to bolster Golden Triangle Ventures’ trucking and logistics business.
By Larry Avila • June 5, 2024 -
Courtesy of Estes Express Lines
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 Colin Campbell • May 22, 2024 -
Colin Campbell/Trucking Dive
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 Colin Campbell • May 10, 2024 -
Provided by Brunswick Group
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 Larry Avila • May 9, 2024 -
Courtesy of MJ Lavoie
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 Colin Campbell • May 8, 2024 -
David Taube/Trucking Dive
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 David Taube • May 7, 2024 -
Courtesy of ArcBest
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 Colin Campbell • Updated May 2, 2024 -
Permission granted by Daseke
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 Colin Campbell • April 30, 2024 -
Provided by Union Pacific.
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 Larry Avila • April 26, 2024 -
Courtesy of Lew Thompson & Son Trucking
Covenant reports $8M expense related to acquisition
The Lew Thompson deal came with a contingent consideration expense based on the subsidiary's performance.
By Colin Campbell • April 26, 2024
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