TopNews

Mergers & Acquisitions

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April 11, 2018 - Industry News

Inland Truck Parts Acquires 2 New Businesses

Inland Truck Parts & Service (ITP) announced its addition of two Texas businesses to its footprint of stores. The new stores will allow the company to better meet the repair and equipment needs of truck owners in the southwest region.

Tags: Inland Truck Parts, Mergers & Acquisitions, Repair Shops, Truck Equipment

April 10, 2018 - Industry News

Icahn Selling Federal-Mogul to Tenneco

Carl Icahn, chairman of Icahn Enterprises. Image courtesy of Fortune

Icahn Enterprises L.P., the parent company of Icahn Automotive Group LLC, is selling auto parts maker Federal-Mogul LLC to Tenneco Inc. for $5.4 billion. Tenneco plans to split Federal-Mogul into two entities.

Tags: Mergers & Acquisitions, Federal Mogul, Tenneco

April 3, 2018 - Industry News

Ryder Acquisition Adds Last-Mile Delivery, E-Commerce Fulfillment Capabilities

Ryder System has acquired e-commerce fulfillment provider MXD Group, including the company's network of facilities and last mile capabilities.

Tags: E-commerce, Ryder System, Mergers & Acquisitions, Last Mile Delivery

March 19, 2018 - Industry News

Knight Transportation Buys Abilene Motor Express

Abilene Motor Express is a Richmond, Va.-based carrier with nearly 400 trucks that operates throughout the U.S. and Canada. Photo via Abilene Motor Express

Knight Transportation, a wholly owned subsidiary of Knight-Swift Holdings, has acquired all of the assets of Abilene Motor Express and related entities, according to a Securities and Exchange Commission filing.

Tags: Mergers & Acquisitions, Knight Transportation, Knight-Swift

March 12, 2018 - Global News

Dana Merges with UK Automotive Supplier

Dana Inc. has signed an agreement to merge with the Driveline division of UK-based automotive system supplier GKN plc to create Dana plc, a global provider of driveline systems, in a move that will position it for the vehicle electrification market.

Tags: Aftermarket Parts, Mergers & Acquisitions, Drivelines, Dana Incorporated, Global, United Kingdom

February 14, 2018 - Industry News

Witchita Inland Truck Absorbs Fleet Maintenance Employees

Image courtesy of Inland Truck Parts<br />

Inland Truck Parts & Service of Wichita, Kan., recently stepped in to offer help when nearby Wichita-based Fleet Maintenance, Inc. was destroyed in a fire.

Tags: Fire, Inland Truck Parts, Mergers & Acquisitions

February 2, 2018 - Product News

Descartes Buys Aljex Software for $32.4 Million

Descartes Systems Group has acquired Aljex Software, a transportation management solutions provider for freight brokers and carriers.

Tags: Fleet Management Software, Aljex Software, Mergers & Acquisitions, Descartes

January 31, 2018 - Industry News

Cummins Taps UK Battery Maker for Electric Truck Development

In August of last year, Cummis unveiled an all-electric demonstration vehicle dubbed the Urban Hauler EV. Photo: Jim Park

Cummins has acquired Johnson Matthewy’s UK automotive battery systems business, with plans to collaborate on the development of high-energy battery materials for commercial heavy-duty electric vehicle applications.

Tags: Cummins, Mergers & Acquisitions, Battery-Electric Vehicles, Electric Trucks, Global

January 17, 2018 - Industry News

Auto Truck Group Acquires Assets of Kargo Master

Auto Truck Group, a work truck upfitter specializing in the design, manufacture, and installation of equipment, announced that it has acquired the assets of Kargo Master.

Tags: Upfitting, Auto Truck Group, Mergers & Acquisitions, Upfitters

January 12, 2018 - Industry News

Merger Creates One of Largest Freightliner, Western Star Truck Dealers

TNTX will represent over $700 million in annual sales and employees around 1,000 employees in 23 locations. Image via Daimler

Tag Truck Centers and the Lonestar Truck Group have merged into a new company called TNTX, creating one of the largest Freightliner and Western Star dealers in the country, according to Daimler.

Tags: Freightliner, Western Star, Daimler, Mergers & Acquisitions, Truck Dealers, Daimler Trucks North America

January 10, 2018 - Industry News

Three Major Players in Canadian Transportation Announce Alliance

QSL, Groupe Robert, and Express Mondor have signed an agreement to create a heavy-hauling and oversized transportation consortium called Mondor-Watson.

Tags: Canada, Mergers & Acquisitions, Cargo

January 3, 2018 - Industry News

TransForce Acquires Truckdrivingjobs.com Parent Firm

TransForce has acquired the assets of Trucking Unlimited, which operates Truckdrivingjobs.com, a job board that matches motor carriers with truck drivers.

Tags: Recruiting, Driver Shortage, Mergers & Acquisitions, TransForce, Employment

January 2, 2018 - Industry News

Daseke Company Adds Washington Glass Hauler

Belmont Enterprises has joined Smokey Point Distributing, a Daseke company. The Olympia, Wash.,-based Belmont Enterprises is a dedicated glass hauler. Photo: Daseke

Smokey Point Distributing, a Daseke company, has announced that Olympia, Wash.-based dedicated glass hauler Belmont Enterprises has joined the company.

Tags: Mergers & Acquisitions, Daseke Inc.

December 28, 2017 - Industry News

Michelin Sells TCi Stores, Retread Shop to Independent Dealers

Michelin North America Inc. has sold four Tire Centers stores and a TCi retread plant to two independent commercial tire dealers.

Tags: Michelin, Tires, TCI, Mergers & Acquisitions, Parts and Service

December 5, 2017 - Industry News

Daseke Adds Three More Flatbed and Specialized Carriers

TSH &amp;amp; Co. is one of three companies that recently joined Daske. It is a large flatbed hauler, primarily moving steel and industrial materials. Photo:Daseke

Tennessee Steel Haulers & Co., The Roadmaster Group, and Moore Freight Service have all joined flatbed and specialized transportation company Daseke, the company announced.

Tags: Flatbeds, Mergers & Acquisitions, Daseke Inc.

November 9, 2017 - Industry News

Goodyear Acquires German Automated Tire Inspection System Provider

Goodyear Tire &amp;amp; Rubber Company has agreed to acquire Ventech Systems of Dorsten, Germany, from Grenzebach Maschinenbau GmbH. Photo: Goodyear Tire &amp;amp; Rubber

Goodyear Tire & Rubber has completed the acquisition of Ventech Systems GmbH, a provider of automated tire inspection technology.

Tags: Goodyear, Tires, Mergers & Acquisitions, Tire Pressure Monitoring Systems

November 7, 2017 - Industry News

TruckPro Acquires Class 8 Parts

Class 8 has been in business since 1998 and is a leading provider of aftermarket truck parts in Central Pennsylvania.

Tags: Mergers & Acquisitions, TruckPro, Parts and Service

October 30, 2017 - Industry News

Verizon Telematics Expands Offerings

Andr&amp;eacute;s Irlando, Verizon Telematics CEO, speaks at the 2017 Latitude conference. Photo courtesy of Verizon.

Verizon Telematics has become the largest provider of built-in telematics and mobile applications for commercial vehicles and has moved closer to rebranding its product offerings for its customers, CEO Andrés Irlando told an audience gathered at the annual Latitude conference.

Tags: Telematics, Telogis, Fleetmatics, Verizon, Mergers & Acquisitions, Fleet Events

October 9, 2017 - Industry News

Freight Brokers International to Acquire Consolidated Carriers

Photo via The FBI Group Facebook page

Freight Brokers International Corp., the FBI Group, announced an agreement to acquire Consolidated Carriers, a non-asset based freight broker in Markham, Ontario, Canada.

Tags: Logistics, Mergers & Acquisitions, Freight Brokers

October 3, 2017 - Industry News

Buffet’s Berkshire Hathaway Buys Large Stake in Pilot Flying J

Photo: Pilot Flying J

Warren Buffet’s holding company Berkshire Hathaway has made a significant minority investment in truckstop chain Pilot Flying J, with plans to become the majority stakeholder by 2023, the companies announced.

Tags: Investment, Truckstops, Pilot Flying J, Mergers & Acquisitions

October 2, 2017 - Industry News

NFI Acquires CalCartage, Increases Supply Chain Capabilities

With CalCartage’s expertise, NFI can provide heightened specialization in the retail, e-commerce, footwear, and apparel sectors.

Tags: NFI, Ports, Mergers & Acquisitions, Supply Chain Solution, Drayage

October 2, 2017 - Industry News

Orbcomm Acquires Blue Tree Systems

Orbcomm has acquired transportation management systems provider Blue Tree Systems Limited and its subsidiaries.

Tags: TMS, Blue Tree Systems, Mergers & Acquisitions, ORBCOMM, Telematics

September 29, 2017 - Industry News

Michelin Selling More TCi Locations

Three months after selling 27 Tire Centers stores to an independent tire dealer in the southeastern U.S. Michelin North America is planning to sell more of its TCi locations.

Tags: Michelin, Tires, TCI, Mergers & Acquisitions, Parts and Service

September 18, 2017 - Industry News

Celadon Sells Off Flatbed Division to PS Logistics

Photo: Celadon

Celadon Group has announced that it completed the disposition of all assets associated with its flatbed trucking division to a subsidiary of PS Logistics, a flatbed-focused transportation and logistics provider.

Tags: Celadon Group, Flatbeds, Mergers & Acquisitions, PS Logistics

September 18, 2017 - Industry News

Meritor Selling Stake in Joint Venture to Wabco

Advanced safety systems were one offering of the Meritor Wabco joint venture. Photo: Meritor Wabco

Wabco Holdings Inc. is expanding its operations in North America by taking full ownership of the Meritor Wabco joint venture.

Tags: Meritor, Aftermarket, Meritor Wabco, Wabco, Mergers & Acquisitions, Advanced Driver Assistance Systems

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