November 7, 2016 - Industry News
Verizon Communications has completed its $2.4 billion acquisition of Fleetmatics Group to become the largest provider of telematics systems for commercial fleets, the company has announced.
Tags: Verizon, Fleetmatics, Mergers & Acquisitions, Telogis
October 28, 2016 - Industry News
Longtime employees of TransForce’s new acquisition in Joplin, Mo., are proudly digging out their old CFI shirts, as the company founded in 1951 as Contract Freighters Inc. goes back to its roots and its name under its new ownership.
Tags: Mergers & Acquisitions, TransForce, XPO Logistics, CFI
October 27, 2016 - Industry News
XPO Logistics Inc. (NYSE: XPO) announced Thursday that it has sold its truckload business to Canada's growing trucking concern TransForce Inc. (TSX: TFI) for approximately $558 million in cash.
Tags: Con-way Truckload, Mergers & Acquisitions, TransForce, XPO Logistics
Third-party transportation and logistics providers Sunteck Transport Group and TTS Holdings have merged to create a single $1 billion dollar company.
Tags: 3PL, Mergers & Acquisitions, Multimodal
October 4, 2016 - Industry News
The Continental Corporation has acquired a majority stake in Zonar Systems, a company specializing in fleet management solutions for commercial vehicles.
Tags: telematics, Continental, Zonar, Mergers & Acquisitions
September 16, 2016 - Industry News
WL Byers and Southern Pines announced that the two trucking companies will combine in an equal partnership under the Southern Pines name offering services in the U.S., Canada and Mexico.
Tags: Hazardous Materials, Heavy Haul, Mergers & Acquisitions, Oversize Loads
September 12, 2016 - Industry News
CRST International has purchased the privately held, Calif.-based Gardner Trucking in the largest acquisition in CRST’s history.
Tags: Mergers & Acquisitions, CRST, Truckload
August 5, 2016 - Industry News
Kottke Trucking has purchased Walbon & Company’s over-the-road operations, including Walbon’s routes, trucks, trailers and Wildwood, Fla.- based terminal.
Tags: Mergers & Acquisitions, Kottke Trucking, Over-the-Road
August 2, 2016 - Industry News
Verizon will control about 25% of the telematics market following its planned acquisitions of Fleetmatics and Telogis in moves that indicate steady growth ahead for fleet telematics use, a market expert said.
Tags: Verizon, Fleetmatics, Mergers & Acquisitions
August 1, 2016 - Industry News
Verizon Communications will acquire leading telematics provider Fleetmatics Group for $2.4 billion in a cash deal that will create a powerhouse telematics provider.
July 25, 2016 - Industry News
Omni Holdings’ offshoot Omni Specialized will be in full operation after it acquired the flatbed assets of Tennant Truck Lines, the company announced.
Tags: Flatbeds, Mergers & Acquisitions, Tennant Truck Lines
July 6, 2016 - Industry News
Innova Electronics Corporation has acquired Aftermarket Telematics Technologies, LLC and will now be able to offer a full suite of aftermarket parts and services.
Tags: Mergers & Acquisitions, Innova Electronics
June 23, 2016 - Industry News
Verizon's acquisition of Telogis would create the second-largest telematics company in the U.S. in a deal that brings together complementary businesses, a leading telematics consultant said.
Tags: Verizon, Telogis, LeasePlan, Mergers & Acquisitions
June 22, 2016 - Industry News
Verizon has acquired California-based Telogis to expand its market share in the growing telematics industry, the telecom giant announced.
Tags: Verizon, Telogis, Mergers & Acquisitions
June 15, 2016 - Industry News
Big mergers and acquisitions deals changed the third-party logistics market in 2016, with XPO Logistics leading the way with $100 million worth of deals.
Tags: Amazon.com, Trend Analysis, 3PL, Logistics, Mergers & Acquisitions, XPO Logistics
June 2, 2016 - Industry News
Schneider has announced the simultaneous acquisitions of Watkins & Shepard and Lodeso, bringing final mile delivery, claims-free handling and a new technology platform to the carrier.
Tags: Schneider, Mergers & Acquisitions, Last Mile Delivery
May 27, 2016 - Industry News
Moving services provider Bekins Northwest has acquired the assets of moving and storage company Clancy’s Transfer & Storage.
Tags: Washington, Mergers & Acquisitions, Moving and Storage Fleet
March 14, 2016 - Industry News
Canadian supply chain solutions company VersaCold Logistics Services has agreed to acquire Coastal Pacific Xpress, a large refrigerated carrier based in British Columbia.
Tags: Canada, LTL, Logistics, Mergers & Acquisitions, Truckload
February 18, 2016 - Industry News
Video telematics company Lytx has signed an agreement to be acquired by Chicago-based private equity firm GTCR.
Tags: Mergers & Acquisitions, Lytx, Truck Driver Safety
January 19, 2016 - Industry News
The sale did not include Walser Specialized Services, which provides acquisition services to car rental companies and commercial fleets.
Tags: Union Leasing, Fleet Management Companies, Mergers & Acquisitions, Walser Automotive Group
January 7, 2016 - Industry News
A new report reveals that nearly 48% of shippers regard M+A activity in logistics as a positive and just over 39% embrace the M+A frenzy because they prefer full-service logistics providers that offer a wider geographical reach.
Tags: Logistics, Mergers & Acquisitions
December 23, 2015 - Industry News
Toronto-based Element Financial Corp. has closed $4.8 billion in rated asset-backed security funding that will fuel the company's aggressive move into the U.S. fleet management business.
Tags: Mergers & Acquisitions, Equity Markets, Element Financial
October 21, 2015 - Industry News
Data solutions provider SMC³ has acquired Maryland-based fleet management software companyTransportation Costing Group.
Tags: Software, Mergers & Acquisitions, Truckload, Big Data, Less Than Truckload
October 14, 2015 - Industry News
Element Financial Corp. has provided additional details about strategy for growing its fleet management business with acquisitions, technology investment, and an agreement for additional rail capacity.
Tags: Fleet Services, Information Technology, Mergers & Acquisitions, Element Financial, Element Fleet Management, Fleet Management Companies
October 8, 2015 - Industry News
Trucking companies are bracing for a slowdown in their business, with many looking to mergers and acquisitions for growth instead, according to reports this week in The Wall Street Journal.
Tags: Mergers & Acquisitions, Freight Rates
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