Mergers & Acquisitions: Page

  • Trucks drive above and below a highway overpass in a drone photo.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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    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
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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
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    "HeartLand Express" by Chris Yarzab is licensed under CC BY 2.0
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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
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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
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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
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    Daseke focuses on new M&A approach with 10 deals in the pipeline

    The carrier is planning "further operating company consolidations" as part of its growth plan, the CEO said.

    By S.L. Fuller • Jan. 25, 2022
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    Analysts bet on an active transport M&A year in 2021. They were right.

    UPS sold its freight segment, while Knight-Swift got into the LTL game with a $1.35 billion acquisition.

    Dec. 23, 2021
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    Fox photos via Getty Images
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    M&A boom will surge into 2022: KPMG

    Companies are using acquisitions to alter business models or portfolios, and fleets are no exception.

    By Jim Tyson • Dec. 14, 2021
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    Courtesy of Sysco
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    Sysco acquires distributor The Coastal Companies and its fleet assets in M&A spree

    Sysco has grown its business via acquisition throughout the year, with the purchase of Greco and Sons in May and Paragon Foods in October.

    By • Dec. 8, 2021
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    Knight-Swift expands LTL footprint with $150M MME acquisition

    MME, which includes Midwest Motor Express and Midnite Express, provides LTL, TL, and specialized and international transportation services.

    By S.L. Fuller • Dec. 6, 2021