Mergers & Acquisitions: Page 10


  • A photo of a US Xpress truck
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    Permission granted by U.S. Xpress
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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 March 21, 2023
  • ABF Freight trucks at a dock.
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    Courtesy of ArcBest
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    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 March 21, 2023
  • Driving on open road at beautiful sunny day. Aerial view of highway. Explore the Trendline
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    valio84sl via Getty Images
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    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 Swift truck
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    Courtesy of Knight-Swift
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    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 Updated March 21, 2023
  • R&R Express LTL Truckload Load to Ride LTR
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    Provided by R&R Express

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    R&R Express buys Load to Ride

    The Pittsburgh-based LTL and truckload carrier says the acquisition opens door to West Coast opportunities.

    By March 20, 2023
  • Group of multi-colored trucks parked at a truck stop in Missouri.
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    Bim via Getty Images
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    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 March 8, 2023
  • Trucks drive above and below a highway overpass in a drone photo.
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    shaunl via Getty Images
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    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 Updated March 1, 2023
  • TFI International
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    Provided by TFI International

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    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 Feb. 22, 2023
  • Trucks and vehicles drive along a road close together.
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    WendellandCarolyn via Getty Images
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    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 Feb. 17, 2023
  • Jones Logistics trucks on a country road.
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    Permission granted by Jones Logistics
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    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 Feb. 9, 2023
  • Swift freight is hauled southbound on I-95 in Virginia in January 2023.
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    David Taube/Trucking Dive
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    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 Jan. 31, 2023
  • A person walks across a parking lot toward a series of trucks.
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    Chip Somodevilla/Getty via Getty Images
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    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 Jan. 26, 2023
  • Trucks and vehicles navigate a circular interchange.
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    shaunl via Getty Images
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    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 Jan. 23, 2023
  • Trucks drive above and below a highway overpass in a drone photo.
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    shaunl via Getty Images
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    Large-scale trucking M&A could cool in 2023

    A challenging economy may make major deals more difficult to execute.

    By Jan. 13, 2023
  • A Werner tractor parked at a Love's rest stop.
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    David Taube/Trucking Dive
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    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 Jan. 13, 2023
  • A Werner truck is attached to a reefer trailer.
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    Courtesy of Werner
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    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 Dec. 21, 2022
  • A truck on a road by grass and trees
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    The image by Lauren Reams is licensed under CC BY-SA 4.0
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    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 Oct. 5, 2022
  • A Werner tractor-trailer on a highway alongside passenger traffic.
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    The image by Dwight Burdette is licensed under CC BY 3.0
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    Werner acquires Baylor Trucking

    Baylor will remain a stand-alone company within Werner, bringing 234 drivers and 200 trucks into the fold.

    By Oct. 3, 2022
  • A Ryder truck.
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    Courtesy of Ryder
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    Ryder acquires logistics startup Baton

    The carrier plans to incorporate the tech firm’s transportation network expertise into its businesses.

    By Sept. 7, 2022
  • An overhead view shows trucks tightly packed together in a lot.
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    ysuel via Getty Images
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    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 July 5, 2022
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    Joe Raedle via Getty Images
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    EPES Logistics Services acquires freight brokerage A Cooper Logistics

    EPES said staff retention was a critical component of the deal.

    By June 28, 2022
  • P.A.M. Transportation has acquired Metropolitan Trucking for $77.4 million.
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    "P.A.M. Transport Truck in Indianapolis" by Luke Coyle is licensed under CC BY-SA 3.0
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    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 June 16, 2022
  • Schneider, truck
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    Courtesy of Schneider National
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    Schneider buys Wisconsin-based regional paper carrier deBoer

    The acquisition will add hundreds of tractors and trailers to Schneider's portfolio.

    By June 8, 2022
  • A Heartland Express truck takes a trip on the road.
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    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 June 1, 2022
  • Trailer storage yard aerial in bright desert sun.
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    trekandshoot via Getty Images
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    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 April 25, 2022
  • A Swift truck
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    Courtesy of Knight-Swift
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    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