Mergers & Acquisitions: Page
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Provided by Trimac Transport
Trimac Transportation buys Feldspar Trucking to grow bulk transport footprint
The Canada-based carrier expanded its U.S. operations with the purchase of the North Carolina company, adding to a long list of deals.
By Larry Avila • March 21, 2024 -
Provided by TFI International
TFI acquires LTL carrier Hercules Forwarding
The deal will bolster cross-border shipping capacity between the U.S. and Canada for TFI.
By Colin Campbell • March 12, 2024 -
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TrendlineTop 5 stories from Trucking Dive
These five stories detail the top trends and issues facing the trucking and transportation industry.
By Trucking Dive staff -
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Total Distribution Inc. acquires Swafford Companies’ assets
The deal expands Total Distribution Inc.’s network in South Carolina.
By Larry Avila • March 11, 2024 -
Provided by Brunswick Group
Forward Air targets LTL growth following Omni acquisition
Favorable year-over-year volume improvement for the segment offers a promising outlook, according to interim CEO Michael Hance.
By Larry Avila • March 6, 2024 -
Provided by ArcBest
ArcBest seeks to lower M&A vote threshold
ABF Freight's parent corporation wants to make it easier for shareholders to approve a merger or sale.
By Colin Campbell • Updated March 6, 2024 -
Provided by IMC
IMC Logistics acquires American Pacific Transportation
The deal expands IMC’s West Coast drayage network, adding 500 trucks to the company’s California operations.
By Larry Avila • March 5, 2024 -
JB Hunt acquires Walmart’s intermodal assets
The purchase is part of a long-term deal that builds on a decades-long partnership between the freight and retail giants.
By Larry Avila • March 4, 2024 -
Provided by RK Logistics Group Holdings
RK Logistics buys On Time Trucking, expanding to East Coast
The deal bolsters the 3PL’s ability to store lithium-ion batteries, a growing business segment for the firm.
By Larry Avila • March 1, 2024 -
Permission granted by Kenan Advantage Group
Kenan Advantage Group acquires Northern Dry Bulk
The addition of the specialty carrier represents the company’s entry into dry bulk transportation.
By Larry Avila • Feb. 27, 2024 -
Permission granted by Ritchie Bros.
Ritchie Bros. schedules auctions for Yellow equipment
The bankrupt carrier’s trucks and trailers will be up for bidding online over the next two months.
By Colin Campbell • Feb. 26, 2024 -
Colin Campbell/Trucking Dive
Deep DiveWhat’s a Yellow terminal worth? It depends on location, and who you ask.
XPO, Estes and Saia spent hundreds of millions of dollars on properties. Old Dominion skipped the auction. Executives shared their reasoning in interviews and earnings calls.
By Colin Campbell • Feb. 22, 2024 -
Thai Phi Le/Trucking Dive
Saia plans $1B in capex this year. Yellow terminals are just a quarter of it.
The carrier expects to spend a separate $300 million on real estate, alongside equipment and technology upgrades, CFO Doug Col said on an earnings call.
By Colin Campbell • Feb. 21, 2024 -
Courtesy of Estes Express Lines
Estes angles for growth in Canada with Yellow terminal acquisitions
The LTL carrier saw the competitor’s bankruptcy auction as a chance to take on more cross-border business, President and COO Webb Estes said in an interview.
By Colin Campbell • Feb. 20, 2024 -
Permission granted by Ryder System
Cardinal deal to generate $1B in annualized revenue, Ryder projects
About 85% of the North Carolina business’ operating revenue comes from dedicated transportation, Ryder CEO Robert Sanchez said.
By David Taube • Feb. 20, 2024 -
Permission granted by Benita Taube
Knight-Swift buying 10 more Yellow leases
The carrier is paying about $2.2 million for the additions as it continues the buildout of its LTL network.
By David Taube • Feb. 14, 2024 -
Courtesy of Daseke
TFI will spin off Daseke — and invites other specialized TL carriers to join
The Canada-based logistics giant will follow XPO's playbook to avoid the dreaded "conglomerate discount."
By Colin Campbell • Feb. 13, 2024 -
Colin Campbell/Trucking Dive
XPO will add 2,000 doors with Yellow terminal acquisitions
Half of the 28 facilities will expand the size of the carrier's real estate network, while it moves into the rest from smaller, existing locations nearby.
By Colin Campbell • Feb. 9, 2024 -
Photo by Benita Taube
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 -
Courtesy of Forward Air via Businesswire
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 -
Courtesy of Estes Express Lines
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 -
Photo provided by Business Wire.
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 -
Courtesy of Ryder System
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 -
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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 -
David Taube/Trucking Dive
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 -
Retrieved from Lew Thompson on January 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
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