Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

PwC: Global M&A Activity Stayed Stable in First Quarter

In its Q1 2017 update on M&A activity in the global transportation and logistics space, PricewaterhouseCoopers reports that deal activity in the quarter remained stable.

David Cullen
David Cullen[Former] Business/Washington Contributing Editor
Read David's Posts
May 12, 2017
PwC: Global M&A Activity Stayed Stable in First Quarter

Photo: Evan Lockridge

2 min to read


Photo: Evan Lockridge

In its Q1 2017 update on M&A activity in the global transportation and logistics space, PricewaterhouseCoopers (d.ba. PwC) reports that deal activity in the quarter remained stable.

Ad Loading...

“While total deal value grew by 2%, deal volume declined by 9%,” said the global management-services firm. “As anticipated, given the recent structural changes in the category, Shipping deal activity picked up. Logistics continued to be an active category, although not to the levels experienced in late 2015 and early 2016. While not traditionally active in M&A, the Rail category delivered the largest deal of the quarter, a $2.1 billion acquisition of Florida East Coast Railway by Infraestructura y Transportes Mexico.”

Ad Loading...

Meanwhile, the Passenger Air category continued to drive most deal value in the sector, recording two megadeals in Q1. On the other hand, after heightened activity seen through mid-2016, “deal activity in the Trucking category appears to have tempered.”

Yet, added PwC, the recent Swift-Knight merger announcement ”suggests the forces driving M&A in the category continue to exist.”

PwC explained that M&A activity has slowed, as indicated by the drop-off in deal volume for Q1, which broke an upward trend. However, total deal value remained “relatively stable,” increasing by 2% to $18.2 billion in Q1. In addition, the firm found that average deal size is continuing to decline from the peak set in as of Q4 15. PwC attributed that to “a drop in megadeals across all categories.”

It was noted that there were three megadeals in Q1 17 exceeding a disclosed value of $1.0 billion, up from two in Q4 16 and down from four in Q1 16. PwC said these transactions represent 27% of the total disclosed deal value for the quarter.

Looking at the activity regionally, PwC said that the vast Asia & Oceania region continued to see the highest target and acquirer activity, followed by the UK & Eurozone region and North America.

Ad Loading...

“Cross-border deal volume remained flat in Q1 17 while local deals (deals within country boundaries) have declined to 38 from 44 in the last quarter,” the company noted. “Even so, local deals continue to account for the majority of M&A activity in the transportation and logistics sector.”

More Fleet Management

Brian Antonellis, senior vice president, fleet operations, Fleet Advantage.
Fleet Managementby Jack RobertsApril 17, 2026

HDT Q&A: Brian Antonellis on the Growing Need to Replace Old Trucks

Fleet Advantage's Brian Antonellis says it's time for fleets to get back to the fundamentals of good maintenance practices. And that includes replacing older, inefficient equipment.

Read More →
Illustration of computer and mobile screens with load matching software superimposed over photo of an oversize load
Fleet Managementby News/Media ReleaseApril 17, 2026

Truckstop.com Adding to Open Deck, Heavy Haul Offerings

Load matching for flatbed, lowbed, oversize and overweight loads can't be automated like basic van freight, but Truckstop.com is adding more high-tech tools to help.

Read More →
Trucker Path, Truckstop.com partnership expands.
Fleet Managementby News/Media ReleaseApril 14, 2026

Trucker Path, Truckstop.com Expand Load Access Partnership

An expanded Trucker Path and Truckstop.com integration brings more freight opportunities into the TruckLoads app while emphasizing security and network quality.

Read More →
Ad Loading...
DAT TVI March 2026.
Fleet Managementby News/Media ReleaseApril 14, 2026

Truckload Rates Hit Two-Year Highs as Diesel Costs Surge, DAT Says

Strong March freight demand combined with a spike in fuel costs pushed both spot and contract truckload rates to their highest levels in more than two years.

Read More →
Cloud computing concept background with human and robot hands concept
Fleet ManagementApril 14, 2026

The AI Conversation You Need to Have with Your TMS Provider

Everyone’s talking about AI — but is your transportation management system actually built for it?

Read More →
Sharp Transportation tractor-trailer
Fleet Managementby News/Media ReleaseApril 14, 2026

Kriska Buys Fellow Canadian Carrier Sharp Transportation Systems

Being part of KTG will allow Sharp to expand and improve its services.

Read More →
Ad Loading...
Illustration with stacks of money and a shattered car windshield
Fleet Managementby Deborah LockridgeApril 13, 2026

Bill in House Would Raise Minimum Insurance for Motor Carriers to $5 Million

The Fair Compensation for Truck Crash Victims Act would increase insurance requirements for interstate motor carriers by nearly seven times.

Read More →
FTR market report for February 2026.
Fleet Managementby News/Media ReleaseApril 10, 2026

FTR Trucking Conditions Index Hits Four-Year High in February

Strong freight rates push TCI to 10.2, but FTR expects fuel-price volatility to skew March results.

Read More →
C.H. Robinson intermodal.

C.H. Robinson Offers Carriers Relief as Diesel Prices Surge

C.H. Robinson is waiving fees on fuel cards and cash advances for April and May, aiming to help carriers offset rising diesel costs tied to geopolitical instability.

Read More →
Ad Loading...
Fleet Managementby StaffApril 8, 2026

What Trucking Events are Happening in 2026?

Looking for trucking-related conventions, expos, and other events? Heavy Duty Trucking has developed this list of national and larger regional trucking shows and events.

Read More →