Mergers & Acquisitions: Page 5

  • An Estes Express Lines truck drives through a ribbon at the opening of the carrier's 98-door terminal in Richmond, Virginia.
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    Courtesy of Estes Express Lines
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    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 • Dec. 14, 2023
  • Saia tractors without trailers at a lot in Cresson, Pennsylvania
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    Thai Phi Le/Trucking Dive
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    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 • Dec. 13, 2023
  • Driving on open road at beautiful sunny day. Aerial view of highway. Explore the Trendline➔
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    valio84sl via Getty Images
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    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
  • A Yellow Corp. truck at a terminal.
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    Courtesy of Yellow
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    Yellow terminal auction resumes next week

    Nearly 50 properties are still for sale across 26 states. 

    By • Dec. 12, 2023
  • A. Duie Pyle trucks at a lot in Cresson, Pennsylvania
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    Thai Phi Le/Trucking Dive
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    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 • Dec. 11, 2023
  • An XPO truck drives at night.
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    Courtesy of XPO
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    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 • Dec. 7, 2023
  • Yellow posted four signs announcing operations had ceased at the gate of its Hayward, California terminal.
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    Edwin Lopez/Trucking Dive
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    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 , , • Dec. 5, 2023
  • Yellow Corp. YRC Montrgomery Illlinois terminal
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    Photo by Larry Avila

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    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 • Dec. 4, 2023
  • A notice attached to a dolly at a Yellow terminal in Hayward, California notifies customers and employees company operations have ceased as of noon Sunday.
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    Edwin Lopez/Trucking Dive
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    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 • Dec. 4, 2023
  • A Canada Cartage tractor-trailer on a road with mountains in the background.
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    Permission granted by Canada Cartage
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    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 • Nov. 30, 2023
  • TFI International office
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    Provided by TFI International

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    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 • Nov. 30, 2023
  • Interstate 77 with the traffic on it in the evening with downtown Charlotte, North Carolina, in the background.
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    Alex Potemkin via Getty Images
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    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 • Nov. 28, 2023
  • United Petroleum Transports tanker
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    Obtained from United Petroleum Transports. 

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    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 • Nov. 27, 2023
  • volvo-logo
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    (Photo by Joe Raedle/Getty Images) via Getty Images
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    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
  • Forward Air Corp
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    Provided by Brunswick Group

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    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 • Nov. 20, 2023
  • Yellow Corp. YRC Montrgomery Illlinois terminal
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    Photo by Larry Avila

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    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 • Nov. 13, 2023
  • Offen
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    Retrieved from Offen Petroleum.
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    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
  • CRST traveling south on I-355 suburban Chicago
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    Photo by Larry Avila

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    CRST acquires Texas-based carrier, brokerage

    The Iowa-based transportation giant wants to bolster its Capacity Solutions business with BCB Transport’s fleet.

    By • Nov. 7, 2023
  • Schneider National truck on rural road
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    Provided by Schneider National

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    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 • Nov. 7, 2023
  • A tanker drives along the highway, toward the sun.
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    Apriori1 via Getty Images
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    Premier Bulk Systems acquires 3PL

    Premier Bulk Systems added Ark Traffic Solutions to its operations, strengthening its capabilities in Canada.

    By • Nov. 6, 2023
  • A Kodiak Robotics truck is linked to a Forward Air trailer.
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    Courtesy of PR Newswire
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    Omni sues to force Forward Air merger

    The lawsuit followed Forward Air's CEO telling investors the company is considering ending the deal and pursuing other options. The company filed a legal response on Monday.

    By • Updated Nov. 13, 2023
  • Hub Group Freightliner eCascadia shipping container 2
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    Provided by Daimler Truck North America. 

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    Hub Group CEO hints more M&A is on the way

    President Phil Yeager is optimistic a deal can be completed in the short term.

    By • Oct. 31, 2023
  • A Kodiak Robotics truck is linked to a Forward Air trailer.
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    Courtesy of PR Newswire
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    Forward Air reconsiders merger with Omni Logistics

    The company said it is reviewing its obligations, including its right to terminate the agreement, while Omni continues to push for the deal.

    By • Oct. 26, 2023
  • Yellow Corp. YRC Montrgomery Illlinois terminal
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    Photo by Larry Avila

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    ABF Freight ‘evaluating opportunities’ to buy Yellow terminals

    The 100-year-old LTL carrier has identified properties of interest to accelerate its real estate expansion, President Seth Runser told Trucking Dive.

    By • Oct. 24, 2023
  • A Ryder truck and forklift operated by a worker.
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    Courtesy of Business Wire / Ryder
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    Ryder to acquire 3PL in major move

    The pending acquisition of Impact Fulfillment Services will expand the company’s customer base in retail, health and beauty.

    By • Oct. 23, 2023
  • Convoy Inc. truck on bridge
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    Obtained from Business Wire. 

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    Convoy closes, unable to find buyer

    A total of 533 employees were laid off, according to a Worker Adjustment and Retraining Notification. 

    By • Updated Oct. 24, 2023