November 7, 2016
Verizon Communications has completed its $2.4 billion acquisition of Fleetmatics Group to become the largest provider of telematics systems for commercial fleets, the company has announced.
November 1, 2016
Dallas-based independent petroleum refiner and marketer HollyFrontier has agreed to acquire Suncor Energy’s Petro-Canada Lubricants business for $845 million.
October 28, 2016
Longtime employees of TransForce’s new acquisition in Joplin, Mo., are proudly digging out their old CFI shirts, as the company founded in 1951 as Contract Freighters Inc. goes back to its roots and its name under its new ownership.
After three acquisitions, the Joplin, Mo.-based trucking company founded as Contract Freighters Inc. in 1951 is going back to its roots, resuming use of the CFI name and operating as an independent subsidiary of new owners TransForce.
October 27, 2016
XPO Logistics Inc. (NYSE: XPO) announced Thursday that it has sold its truckload business to Canada's growing trucking concern TransForce Inc. (TSX: TFI) for approximately $558 million in cash.
Third-party transportation and logistics providers Sunteck Transport Group and TTS Holdings have merged to create a single $1 billion dollar company.
October 4, 2016
The Continental Corporation has acquired a majority stake in Zonar Systems, a company specializing in fleet management solutions for commercial vehicles.
September 16, 2016
WL Byers and Southern Pines announced that the two trucking companies will combine in an equal partnership under the Southern Pines name offering services in the U.S., Canada and Mexico.
September 12, 2016
CRST International has purchased the privately held, Calif.-based Gardner Trucking in the largest acquisition in CRST’s history.
September 6, 2016
Volkswagen Truck & Bus is taking a 16.6% equity stake in Navistar International Corp. as part of a “wide-ranging strategic alliance” that will initially focus on providing powertrains for Navistar trucks starting in 2019.
August 29, 2016
Vancouver-based Ritchie Bros. Auctioneers has acquired online auctioneer IronPlanet of Pleasanton, Calif., for $758.5 million, the company announced.
August 18, 2016
Uber is upping its efforts to expand from the ride-sharing market to commercial freight movement by acquiring Otto, the technology startup that’s developing an aftermarket version of autonomous technology for Class 8 trucks.
August 5, 2016
Kottke Trucking has purchased Walbon & Company’s over-the-road operations, including Walbon’s routes, trucks, trailers and Wildwood, Fla.- based terminal.
August 2, 2016
Verizon will control about 25% of the telematics market following its planned acquisitions of Fleetmatics and Telogis in moves that indicate steady growth ahead for fleet telematics use, a market expert said.
August 1, 2016
Verizon Communications will acquire leading telematics provider Fleetmatics Group for $2.4 billion in a cash deal that will create a powerhouse telematics provider.
July 25, 2016
Omni Holdings’ offshoot Omni Specialized will be in full operation after it acquired the flatbed assets of Tennant Truck Lines, the company announced.
July 22, 2016
Compressed natural gas fuel systems maker Quantum Fuel Systems Technologies has been acquired by Douglas Acquisitions, a Northern California-based private equity firm.
July 20, 2016
Fitzgerald Glider Kits has finalized the purchase of two Peterbilt dealerships in the southwest region of Virginia, formerly known by the name Performance Peterbilt of Bristol.
July 6, 2016
Innova Electronics Corporation has acquired Aftermarket Telematics Technologies, LLC and will now be able to offer a full suite of aftermarket parts and services.
June 23, 2016
Verizon's acquisition of Telogis would create the second-largest telematics company in the U.S. in a deal that brings together complementary businesses, a leading telematics consultant said.
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