November 4, 2013 - Industry News
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
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 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
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
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 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
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
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
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.
September 26, 2013 - Industry News
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
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.
September 23, 2013 - Industry News
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 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
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
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, 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 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
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 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., 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.
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
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.
July 15, 2013 - Industry News
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
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
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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