Mergers & Acquisitions: Page 4
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shaunl via Getty Images
Transfix sells brokerage to NFI, pivots its business
The digital firm will focus on selling software as a service.
By David Taube • June 6, 2024 -
grandriver via Getty Images
Las Vegas investment firm acquiring gaming industry freight provider
The acquisition aims to bolster Golden Triangle Ventures’ trucking and logistics business.
By Larry Avila • June 5, 2024 -
Courtesy of Estes Express Lines
Estes reopens shuttered Yellow terminal in Florida
The 36-door facility is located on about six acres near I-95 and Route 1 in Boynton Beach.
By Colin Campbell • May 22, 2024 -
Colin Campbell/Trucking Dive
XPO reopens Yellow terminals in Maryland, Nevada, Texas
The carrier has begun handling freight at six of the 28 service centers it acquired from its bankrupt competitor last year.
By Colin Campbell • May 10, 2024 -
Provided by Brunswick Group
Forward Air Q1 profits tumble 239%
The company’s costs to integrate its Omni Logistics acquisition and weak freight environment contributed to the loss.
By Larry Avila • May 9, 2024 -
Courtesy of MJ Lavoie
TFI acquires Canada-based specialty truckload carrier
The freight giant bought waste hauler MJ Lavoie as it builds up its TL holdings in advance of an expected spin-off.
By Colin Campbell • May 8, 2024 -
David Taube/Trucking Dive
Knight-Swift eyes LTL expansion in Northeast, Southwest
M&A could help the company gain a foothold, but organic expansion is its near-term focus, executives said.
By David Taube • May 7, 2024 -
Courtesy of ArcBest
ArcBest lowers M&A vote threshold
A proposal to remove a supermajority requirement for any future acquisition was approved during an April 16 stockholder meeting.
By Colin Campbell • Updated May 2, 2024 -
Permission granted by Daseke
TFI cuts Daseke head office salaries by $12M
The Canada-based freight giant is lowering costs by 75% at the corporate headquarters of the acquired business.
By Colin Campbell • April 30, 2024 -
Provided by Union Pacific.
Hub Group M&A deal boosts Q1 revenue
With the integration of the former Forward Air segment in its rearview, CEO Phil Yeager says the company is “back in the market” for more deals.
By Larry Avila • April 26, 2024 -
Courtesy of Lew Thompson & Son Trucking
Covenant reports $8M expense related to acquisition
The Lew Thompson deal came with a contingent consideration expense based on the subsidiary's performance.
By Colin Campbell • April 26, 2024 -
shaunl via Getty Images
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 -
franckreporter via Getty Images
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
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