Mergers & Acquisitions: Page 4
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Estes bid for Yellow terminals comes with a sweetener
Thirty days of free parking while the bankrupt carrier’s equipment is removed has an estimated value of $10 million.
By Colin Campbell • Sept. 19, 2023 -
Estes to acquire Minneapolis-based brokerage
The deal for Superior Brokerage Services is expected to double Estes Forwarding Worldwide's annual revenue.
By Colin Campbell • Sept. 18, 2023 -
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 -
Werner CEO notes caution with M&A in current environment
The company is putting a pause on M&A, Derek Leathers said this week at the Morgan Stanley 11th Annual Laguna Conference.
By David Taube • Sept. 14, 2023 -
Estes raises offer for Yellow terminals to $1.525B
The privately owned LTL carrier is in a bidding war with Old Dominion Freight Line for the properties.
By Colin Campbell • Sept. 14, 2023 -
TFI acquires food tanker carrier
Vedder Transportation Group is the Canada-based freight giant's ninth acquisition this year.
By Colin Campbell • Sept. 13, 2023 -
Trucking M&A is poised to heat up
Rising interest rates, a cool freight market and generational trends could spur activity in the acquisitions market.
By Larry Avila • Sept. 11, 2023 -
Maverik completes deal for C-store chain, fuel carrier
The deal, announced in April, involves the acquisition of Kum & Go convenience stores and tanker trucking company Solar Transport.
By Larry Avila • Sept. 5, 2023 -
PS Logistics continues expansion strategy with two more acquisitions
The recent deals by the company expands the 3PLs presence in the Midwest and Southeast.
By Larry Avila • Sept. 1, 2023 -
ATRI asks trucking industry to rank top concerns of 2023
Fuel prices edged out the driver shortage as the chief issue in last year's results of the American Transportation Research Institute's annual survey.
By Colin Campbell • Sept. 1, 2023 -
Trimac expands bulk-hauling operations
The Canada-based carrier closed its fourth acquisition of 2023 with its purchase of a long-time family-owned Tennessee trucking firm.
By Larry Avila • Aug. 31, 2023 -
3 years of trucking coverage and a new name: Trucking Dive
The trade publication formerly known as Transport Dive will continue bringing you the latest trucking news and trends.
By Edwin Lopez • Aug. 28, 2023 -
Schneider National open to more M&A deals
President and CEO Mark Rourke said growing the carrier’s dedicated segment will come organically and through acquisitions.
By Larry Avila • Aug. 24, 2023 -
OnLine Transport acquires freight and brokerage services, plans for more M&A
The Indiana-based fleet has purchased A/T Transportation and its brokerage division, Automated Logistics.
By David Taube • Aug. 22, 2023 -
Old Dominion bids $1.5B for Yellow terminals
The offer represents a raise from the $1.3 billion Estes Express Lines offered for the real estate last week.
By Colin Campbell • Aug. 21, 2023 -
Estes offers $1.3B for Yellow’s terminals
The Virginia-based carrier's bid was detailed in a bankruptcy hearing Thursday.
By Colin Campbell • Aug. 17, 2023 -
Forward Air merging with Omni Logistics
The Tennessee-based LTL, TL and brokerage services provider would double in size if regulators approve the deal.
By Larry Avila • Aug. 15, 2023 -
Cash reserves running out for many trucking firms, Werner says
Smaller firms could exit the market more frequently amid higher fuel prices and other costs as well as depressed volumes, according to industry players.
By David Taube • Aug. 14, 2023 -
Canada-based Titanium Transportation Group acquires US truckload carrier
The Bolton, Ontario, transportation firm paid another $6 million for Crane Transport’s Georgia and Alabama terminals.
By Larry Avila • Aug. 11, 2023 -
GSC expands with acquisition of transload specialist
The deal expands the California-based 3PL’s warehousing and distribution capacity in the Pacific Northwest.
By Larry Avila • Aug. 9, 2023 -
Yellow bankruptcy: 7 takeaways from court filings
Analysts noted terminals will play a central role in the company’s shutdown.
By David Taube • Aug. 8, 2023 -
Hub Group aims to grow logistics segment through acquisitions
The transportation company is poised for the right opportunities and has the financial flexibility to do so, its CFO said.
By Larry Avila • Aug. 8, 2023 -
Yellow’s terminals are for sale as the LTL liquidates. Here’s a list of locations.
The trucking company operates more than 300 facilities in the United States, Canada and Mexico. Many will be on sale as part of bankruptcy proceedings.
By Edwin Lopez , David Taube , Colin Campbell • Aug. 8, 2023 -
Schneider National acquires M&M Transport, targeting dedicated segment growth
The Wisconsin-based carrier projects the deal will grow revenues in its dedicated segment to $1.5 billion.
By Larry Avila • Aug. 2, 2023 -
Yellow looks to sell brokerage as bankruptcy looms
The company said multiple parties have expressed interested in acquiring its non-union 3PL subsidiary.
By Colin Campbell • July 28, 2023 -
Heavy-hauling specialist MEI expands Southeast presence with Pro-Pac deal
Buying Pro-Pac and affiliate company J&J will bolster the company’s service offerings, MEI CEO Dan Cappello said.
By Larry Avila • July 26, 2023