Fleet Management

Mergers & Acquisitions

51  -  75  of  83

November 4, 2013 - Industry News

Paschall Truck Lines Sold to Employees

Photo: Evan Lockridge

Kentucky-based Paschall Truck Lines President and CEO Randall A. Waller has sold 100% percent of his stock in the company to its employees through an Employee Stock Ownership Plan.

Tags: Fleets, Mergers & Acquisitions

November 4, 2013 - Industry News

Knight Transportation Steps Up Pursuit of USA Truck

Knight Transportation is keeping up its public campaign to buy rival truckload carrier USA Truck, despite being told the company is not interested in being purchased.

Tags: Fleets, USA Truck, Mergers & Acquisitions, Knight Transportation

November 1, 2013 - Industry News

TransForce Purchase Clarke, Ups Ownership in Vitran

TransForce has entered into a definitive agreement to acquire Clarke Transport and Clarke Road Transport, the two subsidiaries of Clarke Inc. Both are Canadian companies.

Tags: Fleets, Mergers & Acquisitions, TransForce, Vitran

October 28, 2013 - Industry News

Roehl Transport Purchases Brock Cold Storage and Trucking

The Wisconsin-based Roehl will operate the cold storage business as Roehl Cold Storage, and the trucking operation will become a part of Roehl Transport.

Tags: Fleets, Mergers & Acquisitions, Roehl Transport

October 23, 2013 - Industry News

PTA Holdings Moves Into Intermodal Rail, Newgistics Rebranded and Expanding

The transportation holding group PTA Holdings, Phoenix, Ariz. has announced it is entering the intermodal transportation rail segment with American Trainco Logistics, initially centered in the Chicago area.

Tags: Intermodal, Fleets, Mergers & Acquisitions

October 17, 2013 - Industry News

Apollo Countersues Cooper Tire for Respect and Restitution

Apollo Tyres Ltd. did not take Cooper Tire & Rubber Co.'s lawsuit and allegations lightly. Cooper says Apollo is not meeting the terms of the merger agreement. Apollo claims it's Cooper that is in violation of the agreement.

Tags: Wheels, Mergers & Acquisitions, Apollo, Cooper

October 11, 2013 - Industry News

USA Truck Sues Knight for Using Confidential Info in 'Creeping Hostile Acquisition'

USA Truck says Knight Transportion violated confidentiality agreements.

Truckload carrier USA Truck has filed a breach of contract lawsuit against Knight Transportation, claiming Knight used USA Truck's confidential information to begin what it calls a “creeping hostile acquisition” of the Arkansas-based fleet.

Tags: Fleets, USA Truck, Litigation, Mergers & Acquisitions, Knight Transportation

October 7, 2013 - Industry News

Cooper Sues Apollo for Dragging its Feet

Cooper Tire's Roy Armes says the lawsuit against Apollo "is a necessary step in the process to assure that the terms of the merger agreement are met as required"

Apollo Tyres Ltd.'s friendly takeover of Cooper Tire & Rubber Co. is not so friendly anymore. On Friday, Oct. 4, 2013, Cooper filed a complaint in Delaware Chancery Court asking that subsidiaries of Apollo "be required to expeditiously close the pending merger between the two tire companies in accordance with the terms of the definitive merger agreement."

Tags: Cooper Tire & Rubber Co., Tires, Mergers & Acquisitions, Apollo Tyre

September 30, 2013 - Industry News

Knight “Disappointed” Over USA Truck’s Rejection

Phoenix-based truckload carrier Knight Transportation, has responded to USA Truck’s recent rejection of its purchase offer, saying it's disappointed and announcing it's upped its ownership share of the company.

Tags: Fleets, USA Truck, Mergers & Acquisitions, Knight Transportation

September 26, 2013 - Industry News

TransForce Offers to Buy Vitran

Photo: Evan Lockridge

Toronto-based Vitran Corp., which recently decided to sell its U.S. less-than-truckload operations, has received a purchase proposal from TransForce Inc..

Tags: Canada, Mergers & Acquisitions, TransForce, Vitran

September 26, 2013 - Industry News

USA Truck Rejects Offer from Knight Transportation

UPDATED -- Knight Transportation wants to buy USA Truck, but so far USA Truck hasn't been interested, so Phoenix-based Knight Thursday went public with its proposal to acquire all of the outstanding share of USA Truck.

Tags: Fleets, USA Truck, Mergers & Acquisitions, Knight Transportation

September 23, 2013 - Industry News

Vitran Selling U.S. LTL Operation

Canadian-based Vitran Corporation has announced it has entered into an agreement to sell its U.S. less-than-truckload business.

Tags: Cross-Border Trucking, Fleets, Mergers & Acquisitions

September 19, 2013 - Industry News

Platinum Equity Completes Acquisition of Bridge Terminal Transport

Platinum Equity has completed the acquisition of substantially all the assets of Bridge Terminal Transport Inc. from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group. Financial terms of the transaction were not disclosed. The business will continue to operate under the Bridge Terminal Transport brand going forward.

Tags: Mergers & Acquisitions, Platinum Equity, Bridge Terminal Transport, Maersk, Fleets

September 19, 2013 - Industry News

Wheels Acquires Highway Brokerage, BBL Worldwide

Wheels Group, a North American non-asset third party logistics provider, has acquired BBL Worldwide, a non-asset 3PL company providing specialized cross border truck brokerage services.

Tags: Mergers & Acquisitions, BBL Worldwide, Fleets

September 19, 2013 - Industry News

Roadrunner Continues Expansion with Massachusetts Carrier Purchase

The asset-light and logistics service provider, Roadrunner Transportation Systems, Cudahy, Wisc., has acquired Yes Trans, a refrigerated truckload service provider based in Salisbury, Mass.

Tags: Fleets, Roadrunner Transportation, Owner-Operators, Mergers & Acquisitions

September 18, 2013 - Industry News

Bennett Motor Express Acquires Ace Doran Hauling & Rigging

Bennett Motor Express, McDonough, Ga has completed the purchase of Ace Doran Hauling & Rigging, a Cincinnati, Ohio-based company since 1913.

Tags: Fleets, Owner-Operators, Mergers & Acquisitions

September 17, 2013 - Industry News

Honeywell Completes Acquisition Of Intermec

Honeywell has completed its acquisition of Intermec , a provider of mobile computing, radio frequency identification solutions, voice-enabled workflow and data-collection solutions, and printing solutions.

Tags: Honeywell, Intermec, Mergers & Acquisitions

September 12, 2013 - Industry News

Roadrunner Purchases Arkansas Truckload Operation

Wisconsin-based Roadrunner Transportation Systems, has acquired G.W. Palmer Logistics, a non-asset truckload service provider based in Batesville, Arkansas.

Tags: Wisconsin, Arkansas, Fleets, Roadrunner Transportation, Mergers & Acquisitions

August 23, 2013 - Industry News

Qualcomm Selling Omnitracs Transportation and Logistics Business to Vista Equity Partners

Qualcomm announced it has signed a definitive agreement to sell its Omnitracs subsidiary to Vista Equity Partners, a U.S.-based private equity firm. Omnitracs was a pioneer in in-cab communication, developing the first widely used satellite tracking and communications system for truck fleets, and today offers a variety of fleet management and telematics solutions.

Tags: Telematics, Qualcomm, Technology, Information Technology, Mergers & Acquisitions, Omnitracs

August 7, 2013 - Industry News

Daseke Inc. Announces Transaction with Central Oregon Truck Co.

Daseke Inc., a family of flatbed and specialized carriers, continues to grow with the addition of Redmond, Ore.-based Central Oregon Truck Co.

Tags: Mergers & Acquisitions, Daeske, Central Oregon Truck Co.

August 7, 2013 - Industry News

Swift Transportation Acquires Central Refrigerated Transportation

Photo: Evan Lockridge

Swift Transportation announced that it acquired privately held Central Refrigerated Transportation, a provider of refrigerated trucking services, in a transaction valued at $225 million, including approximately $189 million in cash and $36 million of assumed capital lease obligations and other financial debt.

Tags: Mergers & Acquisitions, Swift Transportation, Central Refrigerated Transportation

August 5, 2013 - Industry News

Rig Runners Purchased by EZE and Private Investment Firm

EZE Trucking, which provides trucking and logistics for the infrastructure, energy and industrial markets, along with the private equity firm Atlantic Street Capital, have acquired Rig Runners, a heavy haul and over dimensional trucking company.

Tags: Fleets, Mergers & Acquisitions

July 15, 2013 - Industry News

Duff Brothers Buying Frozen Food Express

Temperature-controlled truckload and less-than-truckload carrier Frozen Food Express has reached an agreement to be acquired by Duff Brothers Capital. Duff Brothers will purchases all outstanding shares of FFE common stock for approximately $38.2 billion.

Tags: Mergers & Acquisitions, Frozen Food Express, FFE, Fleets

July 15, 2013 - Industry News

XPO Logistics to Acquire Logistics Provider 3PD

Connecticut-based XPO Logistics has entered into an agreement to acquire 3PD in a transaction valued at approximately $365 million.

Tags: Fleets, 3PL, Mergers & Acquisitions

May 28, 2013 - Industry News

New Equity Partner for Transplace

Third-party logistics company Transplace has selected the New York-based private investment firm Greenbriar Equity Group as its new equity partner. Greenbriar acquired Transplace from an affiliate of CI Capital Partners, who joined with Transplace management in 2009 to buy the company from its original owners.

Tags: Transplace, 3PL, Mergers & Acquisitions

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