Mergers & Acquisitions: Page 6
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Miguel Perfectti via Getty Images
‘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 -
Permission granted by Pilot
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 -
Provided by PS Logistics
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 -
Photo by Larry Avila
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 -
Provided by TFI International
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 -
Provided by Brunswick Group
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 -
Courtesy of J.B. Hunt Transport Services
‘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 -
Courtesy of Estes Express Lines
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 -
Thai Phi Le/Trucking Dive
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 -
Courtesy of Yellow
Yellow terminal auction resumes next week
Nearly 50 properties are still for sale across 26 states.
By Colin Campbell • Dec. 12, 2023 -
Thai Phi Le/Trucking Dive
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 -
Courtesy of XPO
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 -
Edwin Lopez/Trucking Dive
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 -
Photo by Larry Avila
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 -
Edwin Lopez/Trucking Dive
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 -
Permission granted by Canada Cartage
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 -
Provided by TFI International
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 -
Alex Potemkin via Getty Images
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 -
Obtained from United Petroleum Transports.
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 -
(Photo by Joe Raedle/Getty Images) via Getty Images
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 -
Provided by Brunswick Group
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 -
Photo by Larry Avila
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 -
Retrieved from Offen Petroleum.
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 -
Photo by Larry Avila
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 -
Provided by Schneider National
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
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