Mergers & Acquisitions: Page 2
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Heartland Express acquisitions bite into Q4 earnings
Despite operating ratio woes, CFI and Smith Transport helped the carrier's revenue reach a record high in 2023.
By David Taube • Feb. 8, 2024 -
Forward Air CEO out following Omni merger
Chief Legal Officer Michael Hance will lead the company as interim CEO following Tom Schmitt’s departure.
By Larry Avila • Feb. 7, 2024 -
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 -
Estes buys $2M worth of Yellow load bars, air bags, other supplies
Some of the equipment will be inventory for use in coming years, President and COO Webb Estes told Trucking Dive.
By Colin Campbell • Feb. 2, 2024 -
Schneider truckload revenue grows in Q4, bucking downward trend
The carrier credited business gained from recent deals with the segment’s YoY revenue growth.
By Larry Avila • Feb. 2, 2024 -
Ryder acquires Cardinal Logistics
The deal brings 200 operating locations and 3,400 drivers to the South Florida-based company.
By David Taube • Feb. 1, 2024 -
Trucking prepares for regulation, rising costs in 2024
A persistently soft freight environment is among many issues carriers will confront this year. We talked to execs about how they are preparing.
By Larry Avila • Jan. 31, 2024 -
Knight-Swift aims to provide national LTL network in-house by 2026
The carrier plans to open at least 20 sites this year for its expansion — scaling a segment it began in 2021.
By David Taube • Jan. 29, 2024 -
Under Covenant Logistics, Lew Thompson fleet size will double in 2024
The parent company is bullish on the poultry hauling business, even after a challenging winter.
By Colin Campbell • Jan. 29, 2024 -
Mullen Group to acquire ContainerWorld Forwarding Services
With the deal, Mullen Group is looking to capitalize on ContainerWorld's alcohol industry relationships in Western Canada.
By Colin Campbell • Jan. 24, 2024 -
Forward Air moves ahead with Omni Logistics merger
A new deal was completed this week and shut down a transaction lawsuit.
By Larry Avila • Updated Jan. 25, 2024 -
‘A mandate to grow’: Trucking’s 2024 M&A outlook is bright
Buyers are on the lookout for well-run operations with niche expertise, said M&A adviser Spencer Tenney.
By Colin Campbell • Jan. 22, 2024 -
Berkshire Hathaway now sole owner of Pilot Company
Warren Buffett’s holding firm has purchased the remaining 20% in the travel center chain that had previously been owned by the company’s founders, the Haslam family.
By Brett Dworski • Jan. 19, 2024 -
PS Logistics acquires Buddy Moore Trucking, ELS flatbed division
The latest acquisitions by the Alabama-based logistics company are expected to expand its flatbed and dedicated dry van operations.
By Larry Avila • Jan. 18, 2024 -
Yellow to sell another 23 property leases for $82.9M
In another round of bidding, Estes Express Lines and FedEx Freight were the top spenders, and Saia came away with the most properties.
By Colin Campbell • Dec. 22, 2023 -
TFI International to buy Daseke
The Canada-based carrier said it will consider spinning off its truckload segment.
By David Taube • Updated Dec. 22, 2023 -
Hub Group acquires Forward Air’s final mile business for $262M
The deal includes the transfer of about 45 locations and more than 640 employees.
By Colin Campbell • Updated Dec. 20, 2023 -
‘A legend at J.B. Hunt’: Longtime executive Craig Harper retires
The carrier's first chief safety officer served as COO for decades before retiring as EVP and chief sustainability officer.
By Colin Campbell • Dec. 20, 2023 -
Estes scores second-most terminals in Yellow bankruptcy auction
The stalking-horse bidder, which offered over $1.5B for the entire network, instead purchased 24 properties for $248.7 million.
By Colin Campbell • Dec. 14, 2023 -
Saia wins 17 terminals in Yellow Corp. bankruptcy auction
With a court's approval Tuesday, the sale of $235.7 million worth of real estate is set to close in Q1.
By Colin Campbell • Dec. 13, 2023 -
Yellow terminal auction resumes next week
Nearly 50 properties are still for sale across 26 states.
By Colin Campbell • Dec. 12, 2023 -
A. Duie Pyle wins 4 terminals for $29.4M in Yellow auction
Service centers in Pennsylvania, New York and West Virginia will grow the LTL carrier’s network to 35, according to the carrier.
By Colin Campbell • Dec. 11, 2023 -
XPO gets $870M loan to buy dozens of Yellow terminals
The bridge-term loan enabled the LTL carrier to bid three times more money than the next-biggest spender at the bankruptcy auction so far.
By Colin Campbell • Dec. 7, 2023 -
Yellow terminals: Mapping trucking firms’ winning real estate bids
XPO, Estes, Saia and Knight-Swift’s pending property acquisitions show which markets the carriers targeted.
By Colin Campbell , David Taube , Julia Himmel • Dec. 5, 2023 -
Yellow terminals net more than $1.8B at auction
XPO, Estes, Saia and Knight-Swift came away with the most terminals in a bankruptcy court-supervised real estate auction.
By Colin Campbell • Dec. 4, 2023 -
Yellow terminal auction outcome could be revealed by Tuesday
The collapsed LTL plans to file a notice in bankruptcy court specifying which bidder, or bidders, will acquire its properties.
By Colin Campbell • Dec. 4, 2023