Mergers & Acquisitions: Page 4
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‘A mandate to grow’: Trucking’s 2024 M&A outlook is bright
Buyers are on the lookout for well-run operations with niche expertise, said M&A adviser Spencer Tenney.
By Colin Campbell • Jan. 22, 2024 -
Berkshire Hathaway now sole owner of Pilot Company
Warren Buffett’s holding firm has purchased the remaining 20% in the travel center chain that had previously been owned by the company’s founders, the Haslam family.
By Brett Dworski • Jan. 19, 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 -
PS Logistics acquires Buddy Moore Trucking, ELS flatbed division
The latest acquisitions by the Alabama-based logistics company are expected to expand its flatbed and dedicated dry van operations.
By Larry Avila • Jan. 18, 2024 -
Yellow to sell another 23 property leases for $82.9M
In another round of bidding, Estes Express Lines and FedEx Freight were the top spenders, and Saia came away with the most properties.
By Colin Campbell • Dec. 22, 2023 -
TFI International to buy Daseke
The Canada-based carrier said it will consider spinning off its truckload segment.
By David Taube • Updated Dec. 22, 2023 -
Hub Group acquires Forward Air’s final mile business for $262M
The deal includes the transfer of about 45 locations and more than 640 employees.
By Colin Campbell • Updated Dec. 20, 2023 -
‘A legend at J.B. Hunt’: Longtime executive Craig Harper retires
The carrier's first chief safety officer served as COO for decades before retiring as EVP and chief sustainability officer.
By Colin Campbell • Dec. 20, 2023 -
Estes scores second-most terminals in Yellow bankruptcy auction
The stalking-horse bidder, which offered over $1.5B for the entire network, instead purchased 24 properties for $248.7 million.
By Colin Campbell • Dec. 14, 2023 -
Saia wins 17 terminals in Yellow Corp. bankruptcy auction
With a court's approval Tuesday, the sale of $235.7 million worth of real estate is set to close in Q1.
By Colin Campbell • Dec. 13, 2023 -
Yellow terminal auction resumes next week
Nearly 50 properties are still for sale across 26 states.
By Colin Campbell • Dec. 12, 2023 -
A. Duie Pyle wins 4 terminals for $29.4M in Yellow auction
Service centers in Pennsylvania, New York and West Virginia will grow the LTL carrier’s network to 35, according to the carrier.
By Colin Campbell • Dec. 11, 2023 -
XPO gets $870M loan to buy dozens of Yellow terminals
The bridge-term loan enabled the LTL carrier to bid three times more money than the next-biggest spender at the bankruptcy auction so far.
By Colin Campbell • Dec. 7, 2023 -
Yellow terminals: Mapping trucking firms’ winning real estate bids
XPO, Estes, Saia and Knight-Swift’s pending property acquisitions show which markets the carriers targeted.
By Colin Campbell , David Taube , Julia Himmel • Dec. 5, 2023 -
Yellow terminals net more than $1.8B at auction
XPO, Estes, Saia and Knight-Swift came away with the most terminals in a bankruptcy court-supervised real estate auction.
By Colin Campbell • Dec. 4, 2023 -
Yellow terminal auction outcome could be revealed by Tuesday
The collapsed LTL plans to file a notice in bankruptcy court specifying which bidder, or bidders, will acquire its properties.
By Colin Campbell • Dec. 4, 2023 -
Canada Cartage to acquire GTI, expand into US market
The deal could put the carrier on track to generate over 1 billion Canadian dollars in revenue annually.
By David Taube • Nov. 30, 2023 -
TFI acquires Nebraska-based truckload carrier
Dahlsten Truck Line owns or leases about 75 trucks and hauls more than 27,000 loads per year in the Midwest.
By Colin Campbell • Nov. 30, 2023 -
Riverstone Logistics acquisition expands Florida footprint
The acquisition of the Tampa-based firm complements Riverstone’s final-mile, big and bulky service offerings, the Charlotte, North Carolina-based company said.
By David Taube • Nov. 28, 2023 -
United Petroleum Transports to acquire Patriot Transportation Holding
The $66 million deal will create a tanker company with over 1,000 drivers and 30 terminals from Arizona to Florida.
By Larry Avila • Nov. 27, 2023 -
Volvo acquires Proterra’s EV battery business
The startup manufactures batteries for medium- and heavy-duty vehicles and declared bankruptcy earlier this year.
By Joelle Anselmo • Nov. 21, 2023 -
Forward Air shareholder calls out ‘intimidation tactics’ by Omni
Ancora Holdings Group claimed Omni has “unleashed an army of lawyers” on the shareholder over its opposition to a merger.
By Larry Avila • Nov. 20, 2023 -
Leaky roofs, damaged lots: Estes says Yellow facilities need $27M in repairs
The bankrupt LTL also entered into undisclosed, month-to-month parking subleases at properties in New Jersey and Washington, Estes said in a filing.
By Colin Campbell • Nov. 13, 2023 -
Offen Petroleum adds over 150 fuel stations in Douglass deal
The wholesale business addition will strengthen its Lone Star State presence and potential for future expansion.
By Brett Dworski • Nov. 8, 2023 -
CRST acquires Texas-based carrier, brokerage
The Iowa-based transportation giant wants to bolster its Capacity Solutions business with BCB Transport’s fleet.
By Larry Avila • Nov. 7, 2023 -
Schneider National revenue drop softened by acquisition
M&M Transport’s organic growth and revenues offset some of the TL segment’s Q3 decline, the carrier reported.
By Larry Avila • Nov. 7, 2023