Mergers & Acquisitions: Page

  • Swift freight is hauled southbound on I-95 in Virginia in January 2023.
    Image attribution tooltip
    David Taube/Trucking Dive
    Image attribution tooltip

    What Knight-Swift deal means for its future M&A prospects

    Experts say the acquisition illustrates the prime market conditions for network expansion right now.

    By , • March 27, 2023
  • A U.S. Xpress truck drives northbound on I-95 in Virginia in January 2023.
    Image attribution tooltip
    David Taube/Trucking Dive
    Image attribution tooltip

    US Xpress subsidiary will remain separate following Knight-Swift deal

    Total Transportation of Mississippi will retain its brand, operations and workers once the acquisition closes.

    By • March 23, 2023
  • Driving on open road at beautiful sunny day. Aerial view of highway. Explore the Trendline➔
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    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
  • Trucks wait at a gate outside a Port of Los Angeles terminal.
    Image attribution tooltip
    Mario Tama/Getty Images via Getty Images
    Image attribution tooltip

    Banking instability could affect trucking

    Faltering institutions or any pullback in lending could change fleet operations and the profile of M&A deals in the industry.

    By • March 23, 2023
  • A photo of a US Xpress truck
    Image attribution tooltip
    Permission granted by U.S. Xpress
    Image attribution tooltip

    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.
    Image attribution tooltip
    Courtesy of ArcBest
    Image attribution tooltip

    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
  • A Swift truck
    Image attribution tooltip
    Courtesy of Knight-Swift
    Image attribution tooltip

    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
    Image attribution tooltip

    Provided by R&R Express

    Image attribution tooltip

    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.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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
    Image attribution tooltip

    Provided by TFI International

    Image attribution tooltip

    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.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Permission granted by Jones Logistics
    Image attribution tooltip

    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.
    Image attribution tooltip
    David Taube/Trucking Dive
    Image attribution tooltip

    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.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    David Taube/Trucking Dive
    Image attribution tooltip

    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.
    Image attribution tooltip
    Courtesy of Werner
    Image attribution tooltip

    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
    Image attribution tooltip
    The image by Lauren Reams is licensed under CC BY-SA 4.0
    Image attribution tooltip

    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.
    Image attribution tooltip
    The image by Dwight Burdette is licensed under CC BY 3.0
    Image attribution tooltip

    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.
    Image attribution tooltip
    Courtesy of Ryder
    Image attribution tooltip

    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.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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
  • Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    "P.A.M. Transport Truck in Indianapolis" by Luke Coyle is licensed under CC BY-SA 3.0
    Image attribution tooltip

    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
    Image attribution tooltip
    Courtesy of Schneider National
    Image attribution tooltip

    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