Mergers & Acquisitions: Page 4
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Permission granted by Ritchie Bros.
Ritchie Bros. schedules auctions for Yellow equipment
The bankrupt carrier’s trucks and trailers will be up for bidding online over the next two months.
By Colin Campbell • Feb. 26, 2024 -
Colin Campbell/Trucking Dive
Deep DiveWhat’s a Yellow terminal worth? It depends on location, and who you ask.
XPO, Estes and Saia spent hundreds of millions of dollars on properties. Old Dominion skipped the auction. Executives shared their reasoning in interviews and earnings calls.
By Colin Campbell • Feb. 22, 2024 -
Explore the Trendline➔
valio84sl via Getty Images
TrendlineTop 5 stories from Trucking Dive
These five stories detail the top trends and issues facing the trucking and transportation industry.
By Trucking Dive staff -
Thai Phi Le/Trucking Dive
Saia plans $1B in capex this year. Yellow terminals are just a quarter of it.
The carrier expects to spend a separate $300 million on real estate, alongside equipment and technology upgrades, CFO Doug Col said on an earnings call.
By Colin Campbell • Feb. 21, 2024 -
Courtesy of Estes Express Lines
Estes angles for growth in Canada with Yellow terminal acquisitions
The LTL carrier saw the competitor’s bankruptcy auction as a chance to take on more cross-border business, President and COO Webb Estes said in an interview.
By Colin Campbell • Feb. 20, 2024 -
Permission granted by Ryder System
Cardinal deal to generate $1B in annualized revenue, Ryder projects
About 85% of the North Carolina business’ operating revenue comes from dedicated transportation, Ryder CEO Robert Sanchez said.
By David Taube • Feb. 20, 2024 -
Permission granted by Benita Taube
Knight-Swift buying 10 more Yellow leases
The carrier is paying about $2.2 million for the additions as it continues the buildout of its LTL network.
By David Taube • Feb. 14, 2024 -
Courtesy of Daseke
TFI will spin off Daseke — and invites other specialized TL carriers to join
The Canada-based logistics giant will follow XPO's playbook to avoid the dreaded "conglomerate discount."
By Colin Campbell • Feb. 13, 2024 -
Colin Campbell/Trucking Dive
XPO will add 2,000 doors with Yellow terminal acquisitions
Half of the 28 facilities will expand the size of the carrier's real estate network, while it moves into the rest from smaller, existing locations nearby.
By Colin Campbell • Feb. 9, 2024 -
Photo by Benita Taube
Heartland Express acquisitions bite into Q4 earnings
Despite operating ratio woes, CFI and Smith Transport helped the carrier's revenue reach a record high in 2023.
By David Taube • Feb. 8, 2024 -
Courtesy of Forward Air via Businesswire
Forward Air CEO out following Omni merger
Chief Legal Officer Michael Hance will lead the company as interim CEO following Tom Schmitt’s departure.
By Larry Avila • Feb. 7, 2024 -
Courtesy of Estes Express Lines
Estes buys $2M worth of Yellow load bars, air bags, other supplies
Some of the equipment will be inventory for use in coming years, President and COO Webb Estes told Trucking Dive.
By Colin Campbell • Feb. 2, 2024 -
Photo provided by Business Wire.
Schneider truckload revenue grows in Q4, bucking downward trend
The carrier credited business gained from recent deals with the segment’s YoY revenue growth.
By Larry Avila • Feb. 2, 2024 -
Courtesy of Ryder System
Ryder acquires Cardinal Logistics
The deal brings 200 operating locations and 3,400 drivers to the South Florida-based company.
By David Taube • Feb. 1, 2024 -
valio84sl via Getty Images
Trucking prepares for regulation, rising costs in 2024
A persistently soft freight environment is among many issues carriers will confront this year. We talked to execs about how they are preparing.
By Larry Avila • Jan. 31, 2024 -
David Taube/Trucking Dive
Knight-Swift aims to provide national LTL network in-house by 2026
The carrier plans to open at least 20 sites this year for its expansion — scaling a segment it began in 2021.
By David Taube • Jan. 29, 2024 -
Retrieved from Lew Thompson on January 29, 2024
Under Covenant Logistics, Lew Thompson fleet size will double in 2024
The parent company is bullish on the poultry hauling business, even after a challenging winter.
By Colin Campbell • Jan. 29, 2024 -
Retrieved from ContainerWorld Forwarding Services website on January 23, 2024
Mullen Group to acquire ContainerWorld Forwarding Services
With the deal, Mullen Group is looking to capitalize on ContainerWorld's alcohol industry relationships in Western Canada.
By Colin Campbell • Jan. 24, 2024 -
Provided by Brunswick Group
Forward Air moves ahead with Omni Logistics merger
A new deal was completed this week and shut down a transaction lawsuit.
By Larry Avila • Updated Jan. 25, 2024 -
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
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