Mergers & Acquisitions: Page 7
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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 -
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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 -
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 -
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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 -
Retrieved from Premier Truck Group on June 15, 2023
Penske Automotive Group acquires Canada-based truck dealerships
Transolutions Truck Centres sells and services Freightliner, Western Star and used Daimler vehicles in Winnipeg.
By Colin Campbell • June 15, 2023 -
Retrieved from RIST Transport Ltd. on June 09, 2023
RIST Transport acquires AMA Transportation
The deal will allow the carriers to expand direct service routes in New England, improve customer service and boost technology offerings.
By Colin Campbell • June 9, 2023 -
vitpho via Getty Images
Private equity-backed company acquires long-haul waste carrier
Bulk Express Transport, backed by Alterna Equity Partners, purchased Attaway Hauling.
By Cole Rosengren • June 7, 2023 -
Cummins to acquire 2 commercial vehicle manufacturing plants
The purchase of the sites from global auto supplier Faurecia will help Cummins secure key supplies long-term and advance efforts for net-zero emissions.
By David Taube • June 1, 2023 -
Provided by Geodis
Geodis buys Southern Companies, bolstering drayage services
The transport and logistics company says the addition gives it access to seven ports in the southern U.S.
By Larry Avila • May 31, 2023 -
David Taube/Trucking Dive
US Xpress shareholder sues to temporarily halt merger
A legal complaint seeks to postpone a June 29 vote until more financial information is provided.
By David Taube • May 30, 2023 -
Retrieved from US Xpress on May 18, 2023
US Xpress’ Eric Fuller to take job at business accelerator
With the new position, the seasoned trucking executive will focus his efforts on recruiting and mentoring entrepreneurs on a national scale.
By David Taube • May 22, 2023
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