June 29, 2015 - Industry News
Sysco has terminated its merger with US Foods after the Federal Trade Commission’s request for preliminary injunction to block the deal was granted.
Tags: Federal Trade Commission, Mergers & Acquisitions, Sysco, US Foods
Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
Tags: GE Capital Fleet Services, GE Capital, Element Financial, Mergers & Acquisitions, Equity Markets, Fleet Management Companies
May 26, 2015 - Industry News
PeopleNet has acquired the assets of Cadec Global Inc.,expanding the company’s mobility solutions in the foodservice and private fleet industries.
Tags: Information Technology, PeopleNet, Analytics, Cadec, Mergers & Acquisitions
May 22, 2015 - Industry News
Heniff Transportation Systems has acquired Horizon Tank Lines, expanding Heniff’s footprint into the Southeastern U.S.
Tags: Mergers & Acquisitions, Liquid Tank Trailers, Bulk Hauling
May 7, 2015 - Industry News
The trucking company Quality Distribution Inc. has reached an agreement to be acquired by the private investment fund Apax Partners.
Tags: Earnings, Quality Distribution, Mergers & Acquisitions, Quality Carriers, Boasso America
May 4, 2015 - Industry News
Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.
Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport
April 21, 2015 - Industry News
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: Earnings, Mergers & Acquisitions, Echo Global Logistics
April 13, 2015 - Industry News
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, GE Capital
April 7, 2015 - Global News
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: Global, TNT Express, Mergers & Acquisitions, FedEx
March 10, 2015 - Industry News
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: Mergers & Acquisitions, Forward Air
March 3, 2015 - Industry News
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
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
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: Mergers & Acquisitions, Private Fleets, Sysco, US Foods
February 18, 2015 - Industry News
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: Mergers & Acquisitions, Port Trucking, Intermodal
February 12, 2015 - Industry News
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: Mergers & Acquisitions
February 10, 2015 - Industry News
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%
Tags: 3PL, Mergers & Acquisitions, Echo Global Logistics
February 5, 2015 - Industry News
Forward Air Corp. has announced its Forward Air Inc. business has reached an agreement to purchase the trucking services provider CLP Towne Inc.
February 4, 2015 - Industry News
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, Mergers & Acquisitions, Saia
January 30, 2015 - Industry News
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, Mergers & Acquisitions
January 26, 2015 - Industry News
Freight transportation and logistics provider Celadon Group Inc. on Monday announced its purchase of North Carolina-based carrier Taylor Express.
Tags: Celadon Group, Mergers & Acquisitions
January 21, 2015 - Industry News
Zenith Freight Lines LLC is selling the remaining 51% share not owned by Bassett Furniture Industries Inc. to the furniture manufacturer.
January 20, 2015 - Industry News
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
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, Mergers & Acquisitions
January 14, 2015 - Industry News
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
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