Mergers & Acquisitions: Page 10
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Knight-Swift unveils new leadership for US Xpress as part of deal
Swift Transportation executives will take the reins of the acquired company as the Fuller family transitions out of executive roles.
By David Taube • March 21, 2023 -
Terminals would be central to any TFI acquisition of ArcBest, M&A expert says
Adding ABF Freight’s 240 facilities would be “a really smart play,” said Spencer Tenney, a trucking industry consultant.
By Colin Campbell • March 21, 2023 -
Explore the Trendline➔
valio84sl via Getty ImagesTrendlineTop 5 stories from Trucking Dive
These five stories detail the top trends and issues facing the trucking and transportation industry.
By Trucking Dive staff -
Knight-Swift moves to buy US Xpress for over $800M
The carrier's board of directors approved a plan Monday, according to a securities filing, and the deal could close in Q2 or Q3.
By David Taube • Updated March 21, 2023 -
R&R Express buys Load to Ride
The Pittsburgh-based LTL and truckload carrier says the acquisition opens door to West Coast opportunities.
By Larry Avila • March 20, 2023 -
Big G Express acquires transportation, warehousing company
The employee-owner carrier said purchasing the fellow Tennessee company allows it to gain market share with blue-chip automotive customers.
By David Taube • March 8, 2023 -
ArcBest sells fleet maintenance business to Cox Automotive for $100M
CEO Judy McReynolds says services offered through FleetNet America is no longer core to company’s growth strategy.
By Larry Avila • Updated March 1, 2023 -
TFI acquires Canada-based intermodal, brokerage provider
Expansion through M&A has been a longtime strategy for the logistics giant, which acquired UPS Freight in 2021.
By Larry Avila • Feb. 22, 2023 -
What’s ahead for the trucking industry in 2023
Driver constraints, M&A and the need to replace aging equipment are among the issues top of mind for trucking executives.
By Larry Avila • Feb. 17, 2023 -
Jones Logistics strengthens presence in 8 states with Nationwide Express purchase
The company’s latest deal opens opportunities in the warehousing and intermodal markets.
By David Taube • Feb. 9, 2023 -
LTL is Knight-Swift’s top M&A priority, CEO says
“We remain very interested and, I would say, very active in the M&A world,” the executive told investors.
By David Taube • Jan. 31, 2023 -
RE Garrison Trucking grows produce industry services through new acquisition
Boaty’s Transport founder Michael Boatwright is retiring as part of a transition that will keep the brand intact.
By David Taube • Jan. 26, 2023 -
RoadOne expands Southwest presence with new acquisition
The purchase of Texas-based The Transporter Inc. is one of several M&A deals the company has closed since 2021 as it continues its rapid shopping spree.
By Larry Avila • Jan. 23, 2023 -
Large-scale trucking M&A could cool in 2023
A challenging economy may make major deals more difficult to execute.
By Colin Campbell • Jan. 13, 2023 -
Werner expands borrowing capacity with $1B credit facility as it eyes acquisitions
The carrier rolled over debt and replaced two credit facilities as part of the new deal.
By David Taube • Jan. 13, 2023 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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