Merger and acquisition deals in the trucking industry were plentiful in 2025. Transactions included well-known names like DHL selling LTL carrier Standard Forwarding Freight to a new holding company.

But not all announced plans materialized despite the momentum that had been building throughout the year. After months of talks, US Foods and Performance Food Group decided against a combination, choosing instead to remain an independent company.

While some discussions sputtered, Schneider National expressed an openness to more acquisitions to grow its dedicated trucking business.  

We’ve compiled some of our transaction coverage from the past year in which executives offered insights into potential sales or spinoffs, but it also features some deals that simply faltered in 2025.