Mergers & Acquisitions: Page 9


  • 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
  • SMGI SMG Industries
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    vitpho via Getty Images
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    SMGI acquires Barnhart Transportation

    The deal includes a suite of six businesses providing a range of services, including truckload, LTL and intermodal offerings.

    By July 14, 2023
  • Driving on open road at beautiful sunny day. Aerial view of highway. Explore the Trendline
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    valio84sl via Getty Images
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    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
  • A U.S. Xpress tractor-trailer on the highway.
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    Permission granted by Benita Taube
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    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 July 14, 2023
  • Swift trailer hauled on a highway alongside traffic.
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    Permission granted by Benita Taube
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    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 July 12, 2023
  • Drone shot of the Sunshine Skyway Bridge across lower Tampa Bay in Florida at sunrise.
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    halbergman via Getty Images
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    Dupré Logistics acquires Florida-based broker

    The acquisition of Interstate Transport strengthens the 3PL’s food and beverage logistics capabilities.

    By July 7, 2023
  • A U.S. Xpress Enterprises' tractor-trailer on I-95 southbound in Virginia in 2023.
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    David Taube/Trucking Dive
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    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 Updated July 5, 2023
  • Mustang Express Online Transport Inc.
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    Provided by The Kreshmore Group

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    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 June 26, 2023
  • A Premier Truck Group showroom.
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    Retrieved from Premier Truck Group on June 15, 2023
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    Penske Automotive Group acquires Canada-based truck dealerships

    Transolutions Truck Centres sells and services Freightliner, Western Star and used Daimler vehicles in Winnipeg.

    By June 15, 2023
  • An RIST Transport truck on the road.
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    Retrieved from RIST Transport Ltd. on June 09, 2023
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    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 June 9, 2023
  • Two trucks travel on a road, as shown by a vehicle in a left lane.
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    vitpho via Getty Images
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    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
  • A Cummins engine on display
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    The image by Tino Rossini is licensed under CC BY 2.0
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    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 June 1, 2023
  • Geodis Southern Companies
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    Provided by Geodis

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    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 May 31, 2023
  • U.S. Xpress Enterprises tractor-trailer on I-95 in Virginia in May 2023.
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    David Taube/Trucking Dive
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    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 May 30, 2023
  • US Xpress CEO and President Eric Fuller
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    Retrieved from US Xpress on May 18, 2023
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    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 May 22, 2023
  • A Heartland Express truck takes a trip on the road.
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    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 May 11, 2023
  • A Penske Truck Leasing box truck.
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    Permission granted by Penske Truck Leasing
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    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 May 2, 2023
  • A Covenant Logistics Group truck and trailer.
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    Courtesy of Covenant Logistics Group
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    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 May 1, 2023
  • Trucks are parked in a Siemens Transportation Group promotional illustration.
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    Retrieved from Siemens Transportation Group on May 01, 2023
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    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 May 1, 2023
  • The Teamsters National Freight Industry Negotiating Committee kicked off negotiations with ABF Freight in March.
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    Retrieved from International Brotherhood of Teamsters on April 20, 2023
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    ‘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 April 28, 2023
  • A Swift trailer is in a parking area.
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    Courtesy of Knight-Swift
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    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 April 28, 2023
  • A row of freight trucks.
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    Permission granted by Estes Express Line
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    Deep Dive

    Rooted 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 , April 4, 2023
  • A U.S. Xpress truck drives northbound on I-95 in Virginia in January 2023.
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    David Taube/Trucking Dive
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    US Xpress HQ slated to remain following Knight-Swift deal

    Executives said retaining the Chattanooga, Tennessee location would minimize disruption.

    By April 3, 2023
  • Swift freight is hauled southbound on I-95 in Virginia in January 2023.
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    David Taube/Trucking Dive
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    What Knight-Swift deal means for its future M&A prospects

    Experts say the acquisition illustrates the prime market conditions for network expansion right now.

    By , March 27, 2023
  • A U.S. Xpress truck drives northbound on I-95 in Virginia in January 2023.
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    David Taube/Trucking Dive
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    US Xpress subsidiary will remain separate following Knight-Swift deal

    Total Transportation of Mississippi will retain its brand, operations and workers once the acquisition closes.

    By March 23, 2023
  • Trucks wait at a gate outside a Port of Los Angeles terminal.
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    Mario Tama/Getty Images via Getty Images
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    Banking instability could affect trucking

    Faltering institutions or any pullback in lending could change fleet operations and the profile of M&A deals in the industry.

    By March 23, 2023