Mergers & Acquisitions: Page 8
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Provided by Schneider National
Schneider National open to more M&A deals
President and CEO Mark Rourke said growing the carrier’s dedicated segment will come organically and through acquisitions.
By Larry Avila • Aug. 24, 2023 -
franckreporter via Getty Images
OnLine Transport acquires freight and brokerage services, plans for more M&A
The Indiana-based fleet has purchased A/T Transportation and its brokerage division, Automated Logistics.
By David Taube • Aug. 22, 2023 -
Courtesy of Old Dominion Freight Line
Old Dominion bids $1.5B for Yellow terminals
The offer represents a raise from the $1.3 billion Estes Express Lines offered for the real estate last week.
By Colin Campbell • Aug. 21, 2023 -
Colin Campbell/Trucking Dive
Estes offers $1.3B for Yellow’s terminals
The Virginia-based carrier's bid was detailed in a bankruptcy hearing Thursday.
By Colin Campbell • Aug. 17, 2023 -
Courtesy of Forward Air via Businesswire
Forward Air merging with Omni Logistics
The Tennessee-based LTL, TL and brokerage services provider would double in size if regulators approve the deal.
By Larry Avila • Aug. 15, 2023 -
1933bkk via Getty Images
Cash reserves running out for many trucking firms, Werner says
Smaller firms could exit the market more frequently amid higher fuel prices and other costs as well as depressed volumes, according to industry players.
By David Taube • Aug. 14, 2023 -
Provided by Titanium Transportation Group.
Canada-based Titanium Transportation Group acquires US truckload carrier
The Bolton, Ontario, transportation firm paid another $6 million for Crane Transport’s Georgia and Alabama terminals.
By Larry Avila • Aug. 11, 2023 -
choicegraphx via Getty Images
GSC expands with acquisition of transload specialist
The deal expands the California-based 3PL’s warehousing and distribution capacity in the Pacific Northwest.
By Larry Avila • Aug. 9, 2023 -
Courtesy of Yellow
Yellow bankruptcy: 7 takeaways from court filings
Analysts noted terminals will play a central role in the company’s shutdown.
By David Taube • Aug. 8, 2023 -
Provided by Hub Group Inc.
Hub Group aims to grow logistics segment through acquisitions
The transportation company is poised for the right opportunities and has the financial flexibility to do so, its CFO said.
By Larry Avila • Aug. 8, 2023 -
Edwin Lopez/Trucking Dive
Yellow’s terminals are for sale as the LTL liquidates. Here’s a list of locations.
The trucking company operates more than 300 facilities in the United States, Canada and Mexico. Many will be on sale as part of bankruptcy proceedings.
By Edwin Lopez , David Taube , Colin Campbell • Aug. 8, 2023 -
Photo provided by Business Wire.
Schneider National acquires M&M Transport, targeting dedicated segment growth
The Wisconsin-based carrier projects the deal will grow revenues in its dedicated segment to $1.5 billion.
By Larry Avila • Aug. 2, 2023 -
Courtesy of Yellow
Yellow looks to sell brokerage as bankruptcy looms
The company said multiple parties have expressed interested in acquiring its non-union 3PL subsidiary.
By Colin Campbell • July 28, 2023 -
Retrieved from Pro-Pac International.
Heavy-hauling specialist MEI expands Southeast presence with Pro-Pac deal
Buying Pro-Pac and affiliate company J&J will bolster the company’s service offerings, MEI CEO Dan Cappello said.
By Larry Avila • July 26, 2023 -
David Taube/Trucking Dive
Knight-Swift projects US Xpress to become profitable in 2024
The new parent company has already found $6 million in monthly cost savings.
By David Taube • July 21, 2023 -
Provided by Lilium Group.
Luminus Management acquires Jaguar Transportation
The Mexico-based carrier focuses on supporting cross-border import and export trade with the U.S.
By Larry Avila • July 21, 2023 -
Provided by ZS Fund.
ZS Fund acquires Lily Transportation
The private equity firm’s combined trucking business with Transervice Logistics will employ over 1,750 drivers.
By Larry Avila • July 18, 2023 -
Provided by Redwood Logistcs
Redwood Logistics continues expansion streak with acquisition of Rockfarm Supply Chain Solutions
The Chicago-based logistics provider's latest deal is its fourth purchase since 2019.
By Larry Avila • July 17, 2023 -
Retrieved from Colonial Wholesale Distributing.
National Convenience Distributors acquires Colonial Wholesale
The deal extends NCD's reach into Florida, helping it reach 24,000 retailers up and down the East Coast.
By Brett Dworski • July 17, 2023 -
vitpho via Getty Images
SMGI acquires Barnhart Transportation
The deal includes a suite of six businesses providing a range of services, including truckload, LTL and intermodal offerings.
By Larry Avila • July 14, 2023 -
Permission granted by Benita Taube
US Xpress leaders take new roles under Knight-Swift
Despite changes at the very top, Knight-Swift is retaining some longtime U.S. Xpress executives to run operations and staffing.
By David Taube • July 14, 2023 -
Permission granted by Benita Taube
Knight-Swift landed a $250M credit line to aid US Xpress purchase
The new term loan will mature in a little over three years, in September 2026.
By David Taube • July 12, 2023 -
halbergman via Getty Images
Dupré Logistics acquires Florida-based broker
The acquisition of Interstate Transport strengthens the 3PL’s food and beverage logistics capabilities.
By David Taube • July 7, 2023 -
David Taube/Trucking Dive
US Xpress votes to approve Knight-Swift acquisition
On Monday, U.S. Xpress filed a delisting notice, and its stock stopped trading on the New York Stock Exchange.
By David Taube • Updated July 5, 2023 -
Provided by The Kreshmore Group
Online Transport Inc. acquires Mustang Express
The deal provides access to a Southwestern U.S. terminal creating opportunities to freight from Mexico to the Midwest.
By Larry Avila • June 26, 2023
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