Mergers & Acquisitions: Page 3
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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 Colin Campbell • April 22, 2024 -
Colin Campbell/Trucking Dive
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 Colin Campbell • April 19, 2024 -
Explore the Trendline➔
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TrendlineTop 5 stories from Trucking Dive
These five stories detail the top trends and issues facing the trucking and transportation industry.
By Trucking Dive staff -
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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 Colin Campbell • April 12, 2024 -
Retrived from PS Logistics
PS Logistics acquires Yordy Transport, expands service offerings
The deal is the third flatbed business purchased by the Alabama-based logistics company this year.
By Larry Avila • April 5, 2024 -
grandriver via Getty Images
Enservco acquires dedicated freight and LTL carrier
The oil field and well services company’s $5 million deal for Buckshot Trucking launches its entry into logistics.
By Larry Avila • March 25, 2024 -
Provided by Trimac Transport
Trimac Transportation buys Feldspar Trucking to grow bulk transport footprint
The Canada-based carrier expanded its U.S. operations with the purchase of the North Carolina company, adding to a long list of deals.
By Larry Avila • March 21, 2024 -
Provided by TFI International
TFI acquires LTL carrier Hercules Forwarding
The deal will bolster cross-border shipping capacity between the U.S. and Canada for TFI.
By Colin Campbell • March 12, 2024 -
1933bkk via Getty Images
Total Distribution Inc. acquires Swafford Companies’ assets
The deal expands Total Distribution Inc.’s network in South Carolina.
By Larry Avila • March 11, 2024 -
Provided by Brunswick Group
Forward Air targets LTL growth following Omni acquisition
Favorable year-over-year volume improvement for the segment offers a promising outlook, according to interim CEO Michael Hance.
By Larry Avila • March 6, 2024 -
Provided by ArcBest
ArcBest seeks to lower M&A vote threshold
ABF Freight's parent corporation wants to make it easier for shareholders to approve a merger or sale.
By Colin Campbell • Updated March 6, 2024 -
Provided by IMC
IMC Logistics acquires American Pacific Transportation
The deal expands IMC’s West Coast drayage network, adding 500 trucks to the company’s California operations.
By Larry Avila • March 5, 2024 -
JB Hunt acquires Walmart’s intermodal assets
The purchase is part of a long-term deal that builds on a decades-long partnership between the freight and retail giants.
By Larry Avila • March 4, 2024 -
Provided by RK Logistics Group Holdings
RK Logistics buys On Time Trucking, expanding to East Coast
The deal bolsters the 3PL’s ability to store lithium-ion batteries, a growing business segment for the firm.
By Larry Avila • March 1, 2024 -
Permission granted by Kenan Advantage Group
Kenan Advantage Group acquires Northern Dry Bulk
The addition of the specialty carrier represents the company’s entry into dry bulk transportation.
By Larry Avila • Feb. 27, 2024 -
Permission granted by Ritchie Bros.
Ritchie Bros. schedules auctions for Yellow equipment
The bankrupt carrier’s trucks and trailers will be up for bidding online over the next two months.
By Colin Campbell • Feb. 26, 2024 -
Colin Campbell/Trucking Dive
Deep Dive
What’s a Yellow terminal worth? It depends on location, and who you ask.
XPO, Estes and Saia spent hundreds of millions of dollars on properties. Old Dominion skipped the auction. Executives shared their reasoning in interviews and earnings calls.
By Colin Campbell • Feb. 22, 2024 -
Thai Phi Le/Trucking Dive
Saia plans $1B in capex this year. Yellow terminals are just a quarter of it.
The carrier expects to spend a separate $300 million on real estate, alongside equipment and technology upgrades, CFO Doug Col said on an earnings call.
By Colin Campbell • Feb. 21, 2024 -
Courtesy of Estes Express Lines
Estes angles for growth in Canada with Yellow terminal acquisitions
The LTL carrier saw the competitor’s bankruptcy auction as a chance to take on more cross-border business, President and COO Webb Estes said in an interview.
By Colin Campbell • Feb. 20, 2024 -
Permission granted by Ryder System
Cardinal deal to generate $1B in annualized revenue, Ryder projects
About 85% of the North Carolina business’ operating revenue comes from dedicated transportation, Ryder CEO Robert Sanchez said.
By David Taube • Feb. 20, 2024 -
Permission granted by Benita Taube
Knight-Swift buying 10 more Yellow leases
The carrier is paying about $2.2 million for the additions as it continues the buildout of its LTL network.
By David Taube • Feb. 14, 2024 -
Courtesy of Daseke
TFI will spin off Daseke — and invites other specialized TL carriers to join
The Canada-based logistics giant will follow XPO's playbook to avoid the dreaded "conglomerate discount."
By Colin Campbell • Feb. 13, 2024 -
Colin Campbell/Trucking Dive
XPO will add 2,000 doors with Yellow terminal acquisitions
Half of the 28 facilities will expand the size of the carrier's real estate network, while it moves into the rest from smaller, existing locations nearby.
By Colin Campbell • Feb. 9, 2024 -
Photo by Benita Taube
Heartland Express acquisitions bite into Q4 earnings
Despite operating ratio woes, CFI and Smith Transport helped the carrier's revenue reach a record high in 2023.
By David Taube • Feb. 8, 2024 -
Courtesy of Forward Air via Businesswire
Forward Air CEO out following Omni merger
Chief Legal Officer Michael Hance will lead the company as interim CEO following Tom Schmitt’s departure.
By Larry Avila • Feb. 7, 2024 -
Courtesy of Estes Express Lines
Estes buys $2M worth of Yellow load bars, air bags, other supplies
Some of the equipment will be inventory for use in coming years, President and COO Webb Estes told Trucking Dive.
By Colin Campbell • Feb. 2, 2024
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