Mergers & Acquisitions: Page 3
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Provided by Lilium Group.
Luminus Management acquires Jaguar Transportation
The Mexico-based carrier focuses on supporting cross-border import and export trade with the U.S.
By Larry Avila • July 21, 2023 -
Provided by ZS Fund.
ZS Fund acquires Lily Transportation
The private equity firm’s combined trucking business with Transervice Logistics will employ over 1,750 drivers.
By Larry Avila • July 18, 2023 -
Explore the Trendline➔
Permission granted by Craig Witzke, Candle Light Funeral Home
TrendlineTop 5 stories on the trucking industry
These five stories were the most viewed by Transport Dive readers so far in 2023.
By Trucking Dive staff -
Provided by Redwood Logistcs
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 Larry Avila • July 17, 2023 -
Retrieved from Colonial Wholesale Distributing.
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 -
vitpho via Getty Images
SMGI acquires Barnhart Transportation
The deal includes a suite of six businesses providing a range of services, including truckload, LTL and intermodal offerings.
By Larry Avila • July 14, 2023 -
Permission granted by Benita Mwali
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 David Taube • July 14, 2023 -
Permission granted by Benita Mwali
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 David Taube • July 12, 2023 -
halbergman via Getty Images
Dupré Logistics acquires Florida-based broker
The acquisition of Interstate Transport strengthens the 3PL’s food and beverage logistics capabilities.
By David Taube • July 7, 2023 -
David Taube/Trucking Dive
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 David Taube • Updated July 5, 2023 -
Provided by The Kreshmore Group
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 Larry Avila • June 26, 2023 -
Retrieved from Premier Truck Group on June 15, 2023
Penske Automotive Group acquires Canada-based truck dealerships
Transolutions Truck Centres sells and services Freightliner, Western Star and used Daimler vehicles in Winnipeg.
By Colin Campbell • June 15, 2023 -
Retrieved from RIST Transport Ltd. on June 09, 2023
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 Colin Campbell • June 9, 2023 -
vitpho via Getty Images
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 -
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 David Taube • June 1, 2023 -
Provided by Geodis
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 Larry Avila • May 31, 2023 -
David Taube/Trucking Dive
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 David Taube • May 30, 2023 -
Retrieved from US Xpress on May 18, 2023
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 David Taube • May 22, 2023 -
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 David Taube • May 11, 2023 -
Permission granted by Penske Truck Leasing
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 Colin Campbell • May 2, 2023 -
Courtesy of Covenant Logistics Group
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 David Taube • May 1, 2023 -
Retrieved from Siemens Transportation Group on May 01, 2023
TFI acquires 2 LTL carriers
Siemens Transportation Group and Hot Line Freight Systems are part of a $300 million M&A and buyback strategy this year.
By Colin Campbell • May 1, 2023 -
Retrieved from International Brotherhood of Teamsters on April 20, 2023
‘Too busy with the storm’: TFI says Teamsters talks delay possible ArcBest acquisition
Despite the slowdown in progress, the carrier noted an acquisition "of size" could come later this year.
By Colin Campbell • April 28, 2023 -
Courtesy of Knight-Swift
How Knight-Swift’s deal with US Xpress unfolded
Industry lawyer Mark Scudder played a pivotal role in bringing the two carriers toward the sale, according to a securities filing.
By David Taube • April 28, 2023 -
Permission granted by Estes Express Line
Deep DiveRooted in Richmond: How Virginia’s capital spawned 3 LTL giants
The often-intertwined histories of Overnite Transportation Co., Old Dominion Freight Line and Estes Express Lines offer lessons to today’s fleet executives.
By Colin Campbell , Shaun Lucas • April 4, 2023 -
David Taube/Trucking Dive
US Xpress HQ slated to remain following Knight-Swift deal
Executives said retaining the Chattanooga, Tennessee location would minimize disruption.
By David Taube • April 3, 2023
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