Mergers & Acquisitions
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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 David Taube • Nov. 30, 2023 -
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 Colin Campbell • Nov. 30, 2023 -
Explore the Trendline➔
Permission granted by Craig Witzke, Candle Light Funeral HomeTrendlineTop 5 stories on the trucking industry
These five stories were the most viewed by Transport Dive readers so far in 2023.
By Trucking Dive staff -
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 David Taube • Nov. 28, 2023 -
Obtained from United Petroleum Transports.
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 Larry Avila • Nov. 27, 2023 -
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 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 Larry Avila • Nov. 20, 2023 -
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 Colin Campbell • Nov. 13, 2023 -
Retrieved from Offen Petroleum.
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 acquires Texas-based carrier, brokerage
The Iowa-based transportation giant wants to bolster its Capacity Solutions business with BCB Transport’s fleet.
By Larry Avila • Nov. 7, 2023 -
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 Larry Avila • Nov. 7, 2023 -
Premier Bulk Systems acquires 3PL
Premier Bulk Systems added Ark Traffic Solutions to its operations, strengthening its capabilities in Canada.
By David Taube • Nov. 6, 2023 -
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 Larry Avila • Updated Nov. 13, 2023 -
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 Larry Avila • Oct. 31, 2023 -
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 Larry Avila • Oct. 26, 2023 -
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 Colin Campbell • Oct. 24, 2023 -
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 David Taube • Oct. 23, 2023 -
Obtained from Business Wire.
Convoy closes, unable to find buyer
A total of 533 employees were laid off, according to a Worker Adjustment and Retraining Notification.
By Larry Avila • Updated Oct. 24, 2023 -
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 David Taube • Oct. 16, 2023 -
Tough economy is trucking’s top issue in 2023: ATRI
The nonprofit's annual report illustrates differences between drivers' and carriers' concerns.
By Colin Campbell • Oct. 16, 2023 -
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 Max Garland • Oct. 10, 2023 -
FST Logistics acquires Hyway Trucking
The purchase is a first for the Ohio-based 3PL services provider, which will double its fleet size.
By Larry Avila • Oct. 3, 2023 -
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 Larry Avila • Oct. 2, 2023 -
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 Larry Avila • Sept. 26, 2023 -
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 Colin Campbell • Sept. 22, 2023 -
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 Colin Campbell • Sept. 19, 2023