Mergers & Acquisitions: Page 10


  • Yellow posted four signs announcing operations had ceased at the gate of its Hayward, California terminal.
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    Edwin Lopez/Trucking Dive
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    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 , , Aug. 8, 2023
  • Schneider National M&M Transport
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    Photo provided by Business Wire. 

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    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 Aug. 2, 2023
  • Trendline

    Top 5 stories from Trucking Dive

    These five stories detail the top trends and issues facing the trucking and transportation industry. 

    By Trucking Dive staff
  • A Yellow Corp. truck at a terminal.
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    Courtesy of Yellow
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    Yellow looks to sell brokerage as bankruptcy looms

    The company said multiple parties have expressed interested in acquiring its non-union 3PL subsidiary.

    By July 28, 2023
  • MEI Pro-Pac International J&J Machinery Transport flatbed oversize
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    Retrieved from Pro-Pac International.
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    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 July 26, 2023
  • A Knight Transportation trailer is hauled southbound on I-95 in Virginia.
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    David Taube/Trucking Dive
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    Knight-Swift projects US Xpress to become profitable in 2024

    The new parent company has already found $6 million in monthly cost savings.

    By July 21, 2023
  • Jaguar Transportation Luminus
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    Provided by Lilium Group. 

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    Luminus Management acquires Jaguar Transportation

    The Mexico-based carrier focuses on supporting cross-border import and export trade with the U.S.

    By July 21, 2023
  • Lily Transportation Corp. Transervice Logistics
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    Provided by ZS Fund. 

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    ZS Fund acquires Lily Transportation

    The private equity firm’s combined trucking business with Transervice Logistics will employ over 1,750 drivers.

    By July 18, 2023
  • Redwood Chicago HQ Logistics
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    Provided by Redwood Logistcs

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    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 July 17, 2023
  • 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
  • SMGI SMG Industries
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    Getty Images
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    SMGI acquires Barnhart Transportation

    The deal includes a suite of six businesses providing a range of services, including truckload, LTL and intermodal offerings.

    By July 14, 2023
  • A U.S. Xpress tractor-trailer on the highway.
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    Permission granted by Benita Taube
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    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 July 14, 2023
  • Swift trailer hauled on a highway alongside traffic.
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    Permission granted by Benita Taube
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    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 July 12, 2023
  • Drone shot of the Sunshine Skyway Bridge across lower Tampa Bay in Florida at sunrise.
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    Getty Images
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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 July 7, 2023
  • A U.S. Xpress Enterprises' tractor-trailer on I-95 southbound in Virginia in 2023.
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    David Taube/Trucking Dive
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    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 Updated July 5, 2023
  • Mustang Express Online Transport Inc.
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    Provided by The Kreshmore Group

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    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 June 26, 2023
  • A Premier Truck Group showroom.
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    Retrieved from Premier Truck Group on June 15, 2023
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    Penske Automotive Group acquires Canada-based truck dealerships

    Transolutions Truck Centres sells and services Freightliner, Western Star and used Daimler vehicles in Winnipeg.

    By June 15, 2023
  • An RIST Transport truck on the road.
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    Retrieved from RIST Transport Ltd. on June 09, 2023
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    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 June 9, 2023
  • Two trucks travel on a road, as shown by a vehicle in a left lane.
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    Getty Images
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    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
  • A Cummins engine on display
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    The image by Tino Rossini is licensed under CC BY 2.0
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    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 June 1, 2023
  • Geodis Southern Companies
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    Provided by Geodis

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    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 May 31, 2023
  • U.S. Xpress Enterprises tractor-trailer on I-95 in Virginia in May 2023.
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    David Taube/Trucking Dive
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    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 May 30, 2023
  • US Xpress CEO and President Eric Fuller
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    Retrieved from US Xpress on May 18, 2023
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    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 May 22, 2023
  • A Heartland Express truck takes a trip on the road.
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    Heartland works to improve efficiencies of newly acquired assets

    The carrier’s operating ratio rose to 93.1% in Q1, putting further stress on a decades-long average in the low 80s.

    By May 11, 2023
  • A Penske Truck Leasing box truck.
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    Permission granted by Penske Truck Leasing
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    Penske to acquire Star Truck Rentals in second deal this year

    The company operates more than 1,900 vehicles from 18 locations throughout Michigan and Indiana.

    By May 2, 2023
  • A Covenant Logistics Group truck and trailer.
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    Courtesy of Covenant Logistics Group
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    Covenant buys Arkansas-based poultry carrier for $100M

    The carrier bought Lew Thompson & Son Trucking and its approximately 225 trucks, with plans to expand the company's service reach.

    By May 1, 2023