Mergers & Acquisitions: Page 6

  • Schneider National M&M Transport
    Image attribution tooltip

    Photo provided by Business Wire. 

    Image attribution tooltip

    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 • Feb. 2, 2024
  • Ryder trucks outside a facility.
    Image attribution tooltip
    Courtesy of Ryder System
    Image attribution tooltip

    Ryder acquires Cardinal Logistics

    The deal brings 200 operating locations and 3,400 drivers to the South Florida-based company.

    By • Feb. 1, 2024
  • Driving on open road at beautiful sunny day. Aerial view of highway. Explore the Trendline➔
    Image attribution tooltip
    valio84sl via 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
  • Driving on open road at beautiful sunny day. Aerial view of highway.
    Image attribution tooltip
    valio84sl via Getty Images
    Image attribution tooltip

    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 • Jan. 31, 2024
  • A Swift trailer is hauled on I-95 southbound in Virginia.
    Image attribution tooltip
    David Taube/Trucking Dive
    Image attribution tooltip

    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 • Jan. 29, 2024
  • A Lew Thompson & Son poultry truck.
    Image attribution tooltip
    Retrieved from Lew Thompson on January 29, 2024
    Image attribution tooltip

    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 • Jan. 29, 2024
  • An exterior photograph of the headquarters of ContainerWorld Forwarding Services.
    Image attribution tooltip
    Retrieved from ContainerWorld Forwarding Services website on January 23, 2024
    Image attribution tooltip

    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 • Jan. 24, 2024
  • Forward Air Corp
    Image attribution tooltip

    Provided by Brunswick Group

    Image attribution tooltip

    Forward Air moves ahead with Omni Logistics merger

    A new deal was completed this week and shut down a transaction lawsuit.  

    By • Updated Jan. 25, 2024
  • View from the driver's seat of a truck of the highway.
    Image attribution tooltip
    Miguel Perfectti via Getty Images
    Image attribution tooltip

    ‘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 • Jan. 22, 2024
  • Pilot
    Image attribution tooltip
    Permission granted by Pilot
    Image attribution tooltip

    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 ELS flatbed trailer
    Image attribution tooltip

    Provided by PS Logistics

    Image attribution tooltip

    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 • Jan. 18, 2024
  • Yellow Corp. YRC Montrgomery Illlinois terminal
    Image attribution tooltip

    Photo by Larry Avila

    Image attribution tooltip

    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 • Dec. 22, 2023
  • Papineau International TFI International truckload
    Image attribution tooltip

    Provided by TFI International 

    Image attribution tooltip

    TFI International to buy Daseke

    The Canada-based carrier said it will consider spinning off its truckload segment.

    By • Updated Dec. 22, 2023
  • Forward Air Corp road
    Image attribution tooltip

    Provided by Brunswick Group

    Image attribution tooltip

    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 • Updated Dec. 20, 2023
  • Craig Harper, J.B. Hunt's first chief safety officer and longtime COO, retired as chief sustainability officer.
    Image attribution tooltip
    Courtesy of J.B. Hunt Transport Services
    Image attribution tooltip

    ‘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 • Dec. 20, 2023
  • An Estes Express Lines truck drives through a ribbon at the opening of the carrier's 98-door terminal in Richmond, Virginia.
    Image attribution tooltip
    Courtesy of Estes Express Lines
    Image attribution tooltip

    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 • Dec. 14, 2023
  • Saia tractors without trailers at a lot in Cresson, Pennsylvania
    Image attribution tooltip
    Thai Phi Le/Trucking Dive
    Image attribution tooltip

    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 • Dec. 13, 2023
  • A Yellow Corp. truck at a terminal.
    Image attribution tooltip
    Courtesy of Yellow
    Image attribution tooltip

    Yellow terminal auction resumes next week

    Nearly 50 properties are still for sale across 26 states. 

    By • Dec. 12, 2023
  • A. Duie Pyle trucks at a lot in Cresson, Pennsylvania
    Image attribution tooltip
    Thai Phi Le/Trucking Dive
    Image attribution tooltip

    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 • Dec. 11, 2023
  • An XPO truck drives at night.
    Image attribution tooltip
    Courtesy of XPO
    Image attribution tooltip

    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 • Dec. 7, 2023
  • Yellow posted four signs announcing operations had ceased at the gate of its Hayward, California terminal.
    Image attribution tooltip
    Edwin Lopez/Trucking Dive
    Image attribution tooltip

    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 , , • Dec. 5, 2023
  • Yellow Corp. YRC Montrgomery Illlinois terminal
    Image attribution tooltip

    Photo by Larry Avila

    Image attribution tooltip

    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 • Dec. 4, 2023
  • A notice attached to a dolly at a Yellow terminal in Hayward, California notifies customers and employees company operations have ceased as of noon Sunday.
    Image attribution tooltip
    Edwin Lopez/Trucking Dive
    Image attribution tooltip

    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 • Dec. 4, 2023
  • A Canada Cartage tractor-trailer on a road with mountains in the background.
    Image attribution tooltip
    Permission granted by Canada Cartage
    Image attribution tooltip

    Canada Cartage to acquire GTI, expand into US market

    The deal could put the carrier on track to generate over 1 billion Canadian dollars in revenue annually.

    By • Nov. 30, 2023
  • TFI International office
    Image attribution tooltip

    Provided by TFI International

    Image attribution tooltip

    TFI acquires Nebraska-based truckload carrier

    Dahlsten Truck Line owns or leases about 75 trucks and hauls more than 27,000 loads per year in the Midwest.

    By • Nov. 30, 2023
  • Interstate 77 with the traffic on it in the evening with downtown Charlotte, North Carolina, in the background.
    Image attribution tooltip
    Alex Potemkin via Getty Images
    Image attribution tooltip

    Riverstone Logistics acquisition expands Florida footprint

    The acquisition of the Tampa-based firm complements Riverstone’s final-mile, big and bulky service offerings, the Charlotte, North Carolina-based company said.

    By • Nov. 28, 2023