Mergers & Acquisitions: Page 9
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Courtesy of Werner
Trucking M&A raged on in 2022 as economy worsened
Many firms brought in record revenues and scaled their operations — but with differing motives.
By Colin Campbell • Dec. 21, 2022 -
The image by Lauren Reams is licensed under CC BY-SA 4.0
Werner execs say Baylor Trucking deal checked all the M&A boxes
A deal that started from conversations at industry meetings is now expected to bring perks for both companies.
By David Taube • Oct. 5, 2022 -
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By Trucking Dive staff -
Werner acquires Baylor Trucking
Baylor will remain a stand-alone company within Werner, bringing 234 drivers and 200 trucks into the fold.
By David Taube • Oct. 3, 2022 -
Courtesy of Ryder
Ryder acquires logistics startup Baton
The carrier plans to incorporate the tech firm’s transportation network expertise into its businesses.
By Colin Campbell • Sept. 7, 2022 -
ysuel via Getty Images
Capacity, labor constraints fuel trucking M&A race
“If you want to grow, the strategic way to do that is to go acquire other companies,” Heartland Express CFO Chris Strain said.
By Colin Campbell • July 5, 2022 -
Joe Raedle via Getty Images
EPES Logistics Services acquires freight brokerage A Cooper Logistics
EPES said staff retention was a critical component of the deal.
By David Taube • June 28, 2022 -
"P.A.M. Transport Truck in Indianapolis" by Luke Coyle is licensed under CC BY-SA 3.0
P.A.M. Transportation buys Metropolitan Trucking for $77.4M
The acquisition adds 320 trucks and 1,060 trailers, primarily operating in the Northeastern U.S.
By Max Garland • June 16, 2022 -
Courtesy of Schneider National
Schneider buys Wisconsin-based regional paper carrier deBoer
The acquisition will add hundreds of tractors and trailers to Schneider's portfolio.
By Colin Campbell • June 8, 2022 -
Heartland Express buys Smith Transport for $170M
The deal marks Heartland's second major acquisition of a dry van TL carrier in the past three years.
By Colin Campbell • June 1, 2022 -
trekandshoot via Getty Images
GTI buys Foxconn Logistics to bolster container transport expertise
Foxconn's list of blue-chip clients in the U.S. made it an attractive purchase for the Canada-based logistics company.
By Colin Campbell • April 25, 2022 -
Courtesy of Knight-Swift
Booming LTL market prompts M&A ‘buzz’ as 2022 begins, expert says
Truckload companies are looking at LTL as a way to expand opportunities and please shareholders, but the options are limited.
By Jim Stinson • Jan. 31, 2022 -
Permission granted by Daseke
Daseke focuses on new M&A approach with 10 deals in the pipeline
The carrier is planning "further operating company consolidations" as part of its growth plan, the CEO said.
By S.L. Fuller • Jan. 25, 2022 -
Zhanna Hapanovich via Getty Images
Analysts bet on an active transport M&A year in 2021. They were right.
UPS sold its freight segment, while Knight-Swift got into the LTL game with a $1.35 billion acquisition.
Dec. 23, 2021 -
Fox photos via Getty Images
M&A boom will surge into 2022: KPMG
Companies are using acquisitions to alter business models or portfolios, and fleets are no exception.
By Jim Tyson • Dec. 14, 2021 -
Courtesy of Sysco
Sysco acquires distributor The Coastal Companies and its fleet assets in M&A spree
Sysco has grown its business via acquisition throughout the year, with the purchase of Greco and Sons in May and Paragon Foods in October.
By Shefali Kapadia • Dec. 8, 2021 -
Bim via Getty Images
Knight-Swift expands LTL footprint with $150M MME acquisition
MME, which includes Midwest Motor Express and Midnite Express, provides LTL, TL, and specialized and international transportation services.
By S.L. Fuller • Dec. 6, 2021 -
Retrieved from Werner on July 06, 2021
TFI, Werner snap up reefer and final mile capacity with M&A moves
The acquisition behavior of 2021 indicates carriers are not content to focus only on TL, LTL and 3PL.
By Jim Stinson • Nov. 30, 2021 -
Courtesy of Knight-Swift
M&A intensifies as carriers seek ‘holistic’ portfolio
Uber Freight, Knight-Swift and others are making moves toward bigger books of business.
By Jim Stinson • July 23, 2021 -
Courtesy of Knight-Swift
Knight-Swift becomes LTL competitor with $1.35B acquisition
CEO Dave Jackson said his firm will benefit from more favorable driver retention and lower equipment costs.
By Jim Stinson • July 7, 2021 -
Retrieved from Werner on July 06, 2021
Werner buys ECM Transport for $142M in first TL acquisition
The purchase increases Werner's exposure to high-velocity shipments and shorter hauls, at a time when carriers are eager to hold on to drivers.
By Jim Stinson • July 6, 2021 -
Getty
M&A will be hard to derail this year, specialists say
Well-capitalized companies, private equity firms and special purpose acquisition companies are expected to be active through year's end.
By Ted Knutson • June 28, 2021 -
Permission granted by Leonard's Express
Leonard’s Express expands reefer capacity through M&A as spot rates rise
The carrier is acquiring Holman Transportation Services, which hauls in the food and grocery, dairy, and frozen food industries.
By S.L. Fuller • March 29, 2021 -
Permission granted by Romeo Power
New year brings string of electric-truck deals in the waste industry
After going public via special purpose acquisition companies, several OEMs are linking up with waste specialists to gain a foothold in the sector.
By Maria Rachal • Feb. 24, 2021 -
Courtesy of UPS
‘No sweat’: TFI open to more M&A as it streamlines UPS Freight
To cut UPS Freight costs, TFI is drawing on lessons it learned when it acquired CFI from XPO Logistics in 2016.
By Jim Stinson • Feb. 9, 2021 -
Courtesy of XPO.
XPO Logistics splits in twoXPO CEO: More acquisitions possible once spinoff is complete
Bradley Jacobs turned XPO into a trucking powerhouse over the years by growing the LTL company organically and through absorbing other firms.
By Jim Stinson • Jan. 27, 2021
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