Mergers & Acquisitions: Page 6


  • A Sky Transportation Services truck on the roadway.
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    Permission granted by WSI
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    Q&A

    Warehouse Services buys Texas firm, expands fleet with cross-border services

    WSI acquired El Paso-based Sky Transportation Services, adding 200 trucks and 150 drivers, COO Steve Magruder told Trucking Dive.

    By Oct. 16, 2023
  • A semi-truck driving on isolated street with coins surrounding it.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images 

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    Tough economy is trucking’s top issue in 2023: ATRI

    The nonprofit's annual report illustrates differences between drivers' and carriers' concerns.

    By Oct. 16, 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 United Parcel Service (UPS) truck delivers boxes in Manhattan in April 2022
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    Spencer Platt via Getty Images
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    UPS to acquire specialized healthcare goods carrier

    The deal would provide UPS with added technology and reach, as MNX Global Logistics serves more than 100 countries and territories.

    By Oct. 10, 2023
  • FTS Logistics 3pl
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    Provided by FTS Logistics 

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    FST Logistics acquires Hyway Trucking

    The purchase is a first for the Ohio-based 3PL services provider, which will double its fleet size.

    By Oct. 3, 2023
  • Baker Transport Inc. dry van
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    LPETTET via Getty Images
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    PolyQuest acquires Baker Transportation

    The addition of the dry van, warehouse and expedited specialist will expand the company’s access to Southeastern distribution networks.

    By Oct. 2, 2023
  • J.B. Hunt BNSF intermodal
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    Provided by BNSF

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    How JB Hunt’s purchase of BNSF’s brokerage assets helps both companies

    The trucking company can now divert more business to itself, while the rail carrier can offload complex operations in a weak market.

    By Sept. 26, 2023
  • Estes Express Lines' headquarters is in a former life insurance building on West Broad Street in Richmond.
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    Colin Campbell/Trucking Dive
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    Estes approved as stalking horse bidder for Yellow’s terminals

    The privately owned LTL carrier outbid Old Dominion Freight Line, setting a floor valuation of $1.525 billion for the properties.

    By Sept. 22, 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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    Estes bid for Yellow terminals comes with a sweetener

    Thirty days of free parking while the bankrupt carrier’s equipment is removed has an estimated value of $10 million.

    By Sept. 19, 2023
  • Trucks drive along a highway at twilight in a motion blur photograph.
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    THEPALMER via Getty Images
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    Estes to acquire Minneapolis-based brokerage

    The deal for Superior Brokerage Services is expected to double Estes Forwarding Worldwide's annual revenue.

    By Sept. 18, 2023
  • A Werner tractor-trailer on I-95 in Virginia in May 2023.
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    David Taube/Trucking Dive
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    Werner CEO notes caution with M&A in current environment

    The company is putting a pause on M&A, Derek Leathers said this week at the Morgan Stanley 11th Annual Laguna Conference.

    By Sept. 14, 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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    Estes raises offer for Yellow terminals to $1.525B

    The privately owned LTL carrier is in a bidding war with Old Dominion Freight Line for the properties.

    By Sept. 14, 2023
  • A Vedder Transportation Group truck pulls two tankers.
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    Retrieved from Vedder Transportation Group on Facebook on September 07, 2023
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    TFI acquires food tanker carrier

    Vedder Transportation Group is the Canada-based freight giant's ninth acquisition this year.

    By Sept. 13, 2023
  • Schneider National M&M Transport
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    Photo provided by Business Wire. 

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    Trucking M&A is poised to heat up

    Rising interest rates, a cool freight market and generational trends could spur activity in the acquisitions market.

    By Sept. 11, 2023
  • Solar Transport Maverik FJ Management tanker truck
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    Photo provided by Kum & Go. 

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    Maverik completes deal for C-store chain, fuel carrier

    The deal, announced in April, involves the acquisition of Kum & Go convenience stores and tanker trucking company Solar Transport.

    By Sept. 5, 2023
  • Action Dedicated tractor trailer
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    Photo retrieved from PS Logistics

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    PS Logistics continues expansion strategy with two more acquisitions

    The recent deals by the company expands the 3PLs presence in the Midwest and Southeast.

    By Sept. 1, 2023
  • Two trucks pass each other at night on a rain-covered highway near Chicago.
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    Scott Olson/Getty Images via Getty Images
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    ATRI asks trucking industry to rank top concerns of 2023

    Fuel prices edged out the driver shortage as the chief issue in last year's results of the American Transportation Research Institute's annual survey.

    By Sept. 1, 2023
  • Trimac Doyle Sims & Sons Trucking bulk hauler
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    Photo retrieved from Trimac

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    Trimac expands bulk-hauling operations

    The Canada-based carrier closed its fourth acquisition of 2023 with its purchase of a long-time family-owned Tennessee trucking firm.

    By Aug. 31, 2023
  • Transport Dive reporter Colin Campbell rides with driver Guztavo Martinez in a Plus semi-autonomous truck at ATA MCE 2022 in San Diego last month.
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    Permission granted by Plus
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    3 years of trucking coverage and a new name: Trucking Dive

    The trade publication formerly known as Transport Dive will continue bringing you the latest trucking news and trends.

    By Aug. 28, 2023
  • Schneider National dedicated
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    Provided by Schneider National

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    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 Aug. 24, 2023
  • A tractor-trailer driving on Route 66.
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    franckreporter via Getty Images
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    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 Aug. 22, 2023
  • Old Dominion truck outside a service center
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    Courtesy of Old Dominion Freight Line
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    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 Aug. 21, 2023
  • Estes Express Lines' headquarters is in a former life insurance building on West Broad Street in Richmond.
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    Colin Campbell/Trucking Dive
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    Estes offers $1.3B for Yellow’s terminals

    The Virginia-based carrier's bid was detailed in a bankruptcy hearing Thursday.

    By Aug. 17, 2023
  • Forward Air truck highway
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    Courtesy of Forward Air via Businesswire
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    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 Aug. 15, 2023
  • Packaging boxes are wrapped and stacked on pallets in a warehouse, with a trailer at the dock.
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    1933bkk via Getty Images
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    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 Aug. 14, 2023
  • Titanium Transportation Group Crane Transport
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    Provided by Titanium Transportation Group. 

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    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 Aug. 11, 2023