Penske Automotive Group acquires Canada-based truck dealerships

Transolutions Truck Centres sells and services Freightliner, Western Star and used Daimler vehicles in Winnipeg.

By Colin Campbell • June 15, 2023

RIST Transport acquires AMA Transportation

The deal will allow the carriers to expand direct service routes in New England, improve customer service and boost technology offerings.

By Colin Campbell • June 9, 2023

Explore the 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

Private equity-backed company acquires long-haul waste carrier

Bulk Express Transport, backed by Alterna Equity Partners, purchased Attaway Hauling.

By Cole Rosengren • June 7, 2023

Cummins to acquire 2 commercial vehicle manufacturing plants

The purchase of the sites from global auto supplier Faurecia will help Cummins secure key supplies long-term and advance efforts for net-zero emissions.

By David Taube • June 1, 2023

Geodis buys Southern Companies, bolstering drayage services

The transport and logistics company says the addition gives it access to seven ports in the southern U.S.

By Larry Avila • May 31, 2023

US Xpress shareholder sues to temporarily halt merger

A legal complaint seeks to postpone a June 29 vote until more financial information is provided.    

By David Taube • May 30, 2023

US Xpress’ Eric Fuller to take job at business accelerator

With the new position, the seasoned trucking executive will focus his efforts on recruiting and mentoring entrepreneurs on a national scale.  

By David Taube • May 22, 2023

Heartland works to improve efficiencies of newly acquired assets

The carrier’s operating ratio rose to 93.1% in Q1, putting further stress on a decades-long average in the low 80s.

By David Taube • May 11, 2023

Penske to acquire Star Truck Rentals in second deal this year

The company operates more than 1,900 vehicles from 18 locations throughout Michigan and Indiana.

By Colin Campbell • May 2, 2023

Covenant buys Arkansas-based poultry carrier for $100M

The carrier bought Lew Thompson & Son Trucking and its approximately 225 trucks, with plans to expand the company's service reach.

By David Taube • May 1, 2023

TFI acquires 2 LTL carriers

Siemens Transportation Group and Hot Line Freight Systems are part of a $300 million M&A and buyback strategy this year.

By Colin Campbell • May 1, 2023

‘Too busy with the storm’: TFI says Teamsters talks delay possible ArcBest acquisition

Despite the slowdown in progress, the carrier noted an acquisition "of size" could come later this year.

By Colin Campbell • April 28, 2023

How Knight-Swift’s deal with US Xpress unfolded

Industry lawyer Mark Scudder played a pivotal role in bringing the two carriers toward the sale, according to a securities filing.

By David Taube • April 28, 2023

Rooted in Richmond: How Virginia’s capital spawned 3 LTL giants

The often-intertwined histories of Overnite Transportation Co., Old Dominion Freight Line and Estes Express Lines offer lessons to today’s fleet executives.

By Colin Campbell , Shaun Lucas • April 4, 2023

US Xpress HQ slated to remain following Knight-Swift deal

Executives said retaining the Chattanooga, Tennessee location would minimize disruption.

By David Taube • April 3, 2023

What Knight-Swift deal means for its future M&A prospects

Experts say the acquisition illustrates the prime market conditions for network expansion right now.

By David Taube , Colin Campbell • March 27, 2023

US Xpress subsidiary will remain separate following Knight-Swift deal

Total Transportation of Mississippi will retain its brand, operations and workers once the acquisition closes.

By David Taube • March 23, 2023

Banking instability could affect trucking

Faltering institutions or any pullback in lending could change fleet operations and the profile of M&A deals in the industry.

By Colin Campbell • March 23, 2023

Knight-Swift unveils new leadership for US Xpress as part of deal

Swift Transportation executives will take the reins of the acquired company as the Fuller family transitions out of executive roles.

By David Taube • March 21, 2023

Terminals would be central to any TFI acquisition of ArcBest, M&A expert says

Adding ABF Freight’s 240 facilities would be “a really smart play,” said Spencer Tenney, a trucking industry consultant.

By Colin Campbell • March 21, 2023

Knight-Swift moves to buy US Xpress for over $800M

The carrier's board of directors approved a plan Monday, according to a securities filing, and the deal could close in Q2 or Q3.

By David Taube • Updated March 21, 2023

R&R Express buys Load to Ride

The Pittsburgh-based LTL and truckload carrier says the acquisition opens door to West Coast opportunities.

By Larry Avila • March 20, 2023

Big G Express acquires transportation, warehousing company

The employee-owner carrier said purchasing the fellow Tennessee company allows it to gain market share with blue-chip automotive customers.

By David Taube • March 8, 2023

ArcBest sells fleet maintenance business to Cox Automotive for $100M

CEO Judy McReynolds says services offered through FleetNet America is no longer core to company’s growth strategy.

By Larry Avila • Updated March 1, 2023

TFI acquires Canada-based intermodal, brokerage provider

Expansion through M&A has been a longtime strategy for the logistics giant, which acquired UPS Freight in 2021.

By Larry Avila • Feb. 22, 2023