October 7, 2013
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."
October 2, 2013
Orbcomm Inc. has completed the acquisition of Comtech Mobile Datacom Corporation’s Sensor Enabled Notification System operation, which includes satellite hardware, network technology and web platforms.
September 30, 2013
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
Toronto-based Vitran Corp., which recently decided to sell its U.S. less-than-truckload operations, has received a purchase proposal from TransForce Inc..
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 25, 2013
Rhode Island-based Howes Lubricator Products has purchased U.S. Lube of New Brunswick, N.J.
September 23, 2013
Canadian-based Vitran Corporation has announced it has entered into an agreement to sell its U.S. less-than-truckload business.
September 19, 2013
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.
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.
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.
September 18, 2013
Bennett Motor Express, McDonough, Ga has completed the purchase of Ace Doran Hauling & Rigging, a Cincinnati, Ohio-based company since 1913.
September 17, 2013
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.
September 12, 2013
Wisconsin-based Roadrunner Transportation Systems, has acquired G.W. Palmer Logistics, a non-asset truckload service provider based in Batesville, Arkansas.
September 10, 2013
SAF-Holland has entered into a definitive share purchase agreement for it to acquire 80% equity of Corpco Beijing Technology and Development Co. In a first step a joint venture will be formed with a pull option regarding the remaining 20% of shares.
August 30, 2013
Penske Automotive Group Inc., an international automotive retailer, has completed the acquisition of Western Star Trucks Australia Pty Ltd., a distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand and portions of Southeast Asia from Transpacific Industries Group Limited.
August 23, 2013
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.
August 22, 2013
Smith Electric Vehicles has signed a letter of intent to form a joint venture with Taikang Technology Corp. in Taiwan. Taikang Technology, a commercial vehicle manufacturer in Taiwan, has twenty-five years of automotive experience and has expertise in upfitting specialized municipal commercial vehicles.
August 16, 2013
XPO Logistics Inc. has completed its previously announced acquisition of 3PD Holding Inc. in a transaction valued at approximately $365 million. The company financed the acquisition and related fees and expenses with the net proceeds of its recent $220.5 million public offering of common stock, together with cash on hand.
Roadrunner Transportation Systems Inc. has acquired certain of the assets of the Southeast drayage division of Transport Corporation of America Inc., a provider of intermodal transportation and related services in the Southeast.
August 14, 2013
PGT Trucking Inc. has acquired Liedtka Trucking, headquartered in Trenton, N.J. Liedtka Trucking, founded in 1964, specializes in flatbed and specialized hauling. Their lanes are primarily in New England, the Mid-Atlantic, the Southeast and Midwest.
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