Fleet Management

Mergers & Acquisitions

1  -  25  of  123

April 21, 2015 - Industry News

Echo Global Buys Command Transportation for $420 Million

Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.

Tags: Fleets, Earnings, Mergers & Acquisitions, Echo Global Logistics

April 13, 2015 - Industry News

GE to Sell Fleet Management Unit by 2018

General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.

Tags: GE Capital Fleet Services, Fleet Management Companies, Mergers & Acquisitions, Equity Markets

April 7, 2015 - Global News

FedEx to Buy Dutch Parcel Carrier TNT Express

Photo: TNT Express

FedEx Corp. Tuesday announced it will buy European package company TNT Express for $4.8 billion, creating a strong third competitor in the European market.

Tags: Fleets, Global, TNT Express, Mergers & Acquisitions, FedEx

March 10, 2015 - Industry News

Forward Air Completes CLP Towne Purchase

Forward Air Corp. has formally completed is previously announced purchase CLP Towne Inc. combining two of the largest trucking companies moving freight to and from the nation’s airports.

Tags: Fleets, Mergers & Acquisitions, Forward Air

March 3, 2015 - Industry News

CRST Acquires Pegasus Transportation

CRST International has acquired Kentucky-based Pegasus Transportation. CRST said the acquisition will allow it to expand its temperature-controlled operations footprint.

Tags: Pegasus, Mergers & Acquisitions, CRST

March 3, 2015 - Industry News

Teletrac Merges with Navman Wireless

Teletrac and Navman Wireless have merged into a single telematics company, the two recently announced.

Tags: Telematics, Navman Wireless, Teletrac, Mergers & Acquisitions

February 23, 2015 - Industry News

FTC Looks to Stop Merger Combining Two of Nation’s Largest Private Fleets

Photo: Deborah Lockridge

The Federal Trade Commission has filed an administrative complaint charging that the proposed merger of Sysco and US Foods would violate the antitrust laws by significantly reducing competition nationwide and in 32 local markets for foodservice distribution services.

Tags: Fleets, Mergers & Acquisitions, Private Fleets, Sysco, US Foods

February 18, 2015 - Industry News

Neptune Orient Sells APL Logistics for $1.2 Billion

Photo: APL Logistics

Singapore’s global container shipping and logistics company Neptune Orient Lines Ltd. has reached an agreement to sell its APL Logistics business for $1.2 billion.

Tags: Fleets, Mergers & Acquisitions, Port Trucking, Intermodal

February 12, 2015 - Industry News

Parcel Carrier LSO Purchases Express Courier International

Regional parcel carrier LSO, has announced the acquisition of Express Courier International, a same-day carrier in the southeast and mid-south region, to form what it describes as “a super-regional parcel carrier.”

Tags: Fleets, Mergers & Acquisitions

February 10, 2015 - Industry News

XPO Logistics Purchases UX Specialized Logistics for $59 Million

XPO Logistics Inc. announced it has acquired UX Specialized Logistics, a North American provider of last mile logistics services for major retail chains and e-commerce companies.

Tags: Mergers & Acquisitions, XPO Logistics

February 6, 2015 - Industry News

Echo Global Logistics Makes Purchase, Increases Profit Almost 70%

Echo Global Logistics Makes Purchase, Increases Profit Almost 70%

Tags: 3PL, Fleets, Mergers & Acquisitions, Echo Global Logistics

February 5, 2015 - Industry News

Forward Air Purchases Fellow Ground Expedite Provider CLP Towne

Forward Air Corp. has announced its Forward Air Inc. business has reached an agreement to purchase the trucking services provider CLP Towne Inc.

Tags: Fleets, Mergers & Acquisitions, Forward Air

February 4, 2015 - Industry News

Saia Purchases Texas Third-Party Logistics Provider

The less-than-truckload services provider Saia Inc. has purchased LinkEx Inc. an asset-light, third-party logistics provider based in Dallas, Texas.

Tags: 3PL, Fleets, Mergers & Acquisitions, Saia

January 30, 2015 - Industry News

FedEx Completes Genco Purchase

FedEx Corp. announced on Friday it completed the acquisition of Genco Distribution System Inc., one of the largest third-party logistics providers in North America.

Tags: 3PL, Fleets, Mergers & Acquisitions

January 26, 2015 - Industry News

Celadon Purchases Taylor Express

Photo: Taylor Express

Freight transportation and logistics provider Celadon Group Inc. on Monday announced its purchase of North Carolina-based carrier Taylor Express.

Tags: Celadon Group, Fleets, Mergers & Acquisitions

January 21, 2015 - Industry News

Zenith Freight Lines Sold to Bassett Furniture

Photo: Zenith Global Logistics

Zenith Freight Lines LLC is selling the remaining 51% share not owned by Bassett Furniture Industries Inc. to the furniture manufacturer.

Tags: Fleets, Mergers & Acquisitions

January 20, 2015 - Industry News

CCC Parts Acquires Drivetrain Components Distribution Company

CCC Parts Company has completed the purchase of TOR Truck Corporation, a wholesale distribution company specializing in providing drivetrain solutions and components. CCC Parts Company is a wholesale distributor of heavy-duty truck and trailer products.

Tags: CCC, Distributors, Mergers & Acquisitions, Parts and Service

January 20, 2015 - Industry News

Radiant Logistics Purchasing Canadian 3PL

Washington-based Radiant Logistics Inc. announced on Tuesday it has agreed to acquire Wheels Group Inc., one of the largest non-asset based third party logistics providers based in Canada.

Tags: Canada, Cross-Border Trucking, 3PL, Fleets, Mergers & Acquisitions

January 14, 2015 - Industry News

Paragon Buys Majority Share in Home Delivery Service Company

Photo: Paragon

Paragon Software Systems acquired a majority shareholding in Axida, a company that has been a business partner of Paragon in the home delivery service industry.

Tags: Fleet Management Software, Routing, Paragon Software, Delivery Fleet, Mergers & Acquisitions

January 5, 2015 - Industry News

ABF Logistics Buys Truckload Brokerage Firm

ABF Logistics acquired the privately held truckload brokerage firm Smart Lines Transportation Group for $5.17 million in cash. The acquisition of the Oklahoma City-based company will expand ABF's third-party logistics operations into the Oklahoma City market.

Tags: ABF, Logistics, Mergers & Acquisitions, ArcBest Corp., 3PL

January 5, 2015 - Industry News

Canadian Customs Broker Purchases U.S.-Based CK Logistics

The Canada-based customs broker Farrow Co. has acquired CK Logistics Inc., an established customs broker and logistics firm headquartered in San Antonio.

Tags: Canada, Cross-Border Trucking, Fleets, Brokers, Logistics, Mergers & Acquisitions

December 30, 2014 - Industry News

FedEx Acquisition Reflects Increased Focus on Returns

Photo by FedEx.

FedEx acquired third party logistics company Genco, expanding the company’s portfolio to include reverse logistics which deals with the processing of returns for retailers.

Tags: 3PL, Logistics, Mergers & Acquisitions, FedEx, FedEx Ground

December 1, 2014 - Industry News

C.H. Robinson Purchasing Freightquote.com for $365 Million

Photo: C.H. Robinson Worldwide Facebook page.

The third-party logistics provider C.H. Robinson Worldwide Inc. has reached an agreement to acquire Freightquote.com Inc. for $365 million in cash.

Tags: Intermodal, LTL, Truckload, C.H. Robinson, 3PL, Freightquote.com, Fleets, Mergers & Acquisitions, Brokers

December 1, 2014 - Industry News

Canada's Mullen Group to Make Second-Biggest Acquisition Ever

Alberta-based trucking company Mullen Group Ltd. says it will pay $172 million cash to buy Winnipeg-based transport company Gardewine Group Limited Partnership.

Tags: Canada, LTL, Fleets, Mergers & Acquisitions, Oilfield

November 6, 2014 - Industry News

Penske Automotive Acquires Southwest Dealerships

Penske Automotive has completed its acquisition of The Around the Clock Freightliner Group, a heavy and medium duty truck dealership group operating in Texas, Oklahoma and New Mexico.

Tags: Penske, Mergers & Acquisitions, Parts and Service, Dealers, Commercial Truck Dealers

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