April 13, 2015 - Industry News
General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.
Tags: GE Capital Fleet Services, Fleet Management Companies, Mergers & Acquisitions, Equity Markets, GE Capital
April 9, 2015 - Industry News
Burgaflex North America has acquired Burgaflex GmbH, a Germany-based supplier of tube and hose assemblies. Both companies were originally part of the Burgaflex Group, which was disbanded in 2010.
Tags: Europe, Mergers & Acquisitions, Suppliers, Global
April 7, 2015 - Global News
FedEx Corp. Tuesday announced it will buy European package company TNT Express for $4.8 billion, creating a strong third competitor in the European market.
Tags: Global, TNT Express, Mergers & Acquisitions, FedEx
March 10, 2015 - Industry News
Forward Air Corp. has formally completed is previously announced purchase CLP Towne Inc. combining two of the largest trucking companies moving freight to and from the nation’s airports.
Tags: Mergers & Acquisitions, Forward Air
March 3, 2015 - Industry News
CRST International has acquired Kentucky-based Pegasus Transportation. CRST said the acquisition will allow it to expand its temperature-controlled operations footprint.
Tags: Pegasus, Mergers & Acquisitions, CRST
Teletrac and Navman Wireless have merged into a single telematics company, the two recently announced.
Tags: telematics, Navman Wireless, Teletrac, Mergers & Acquisitions
February 23, 2015 - Industry News
The Federal Trade Commission has filed an administrative complaint charging that the proposed merger of Sysco and US Foods would violate the antitrust laws by significantly reducing competition nationwide and in 32 local markets for foodservice distribution services.
Tags: Mergers & Acquisitions, Private Fleets, Sysco, US Foods
February 18, 2015 - Industry News
Singapore’s global container shipping and logistics company Neptune Orient Lines Ltd. has reached an agreement to sell its APL Logistics business for $1.2 billion.
Tags: Mergers & Acquisitions, Port Trucking, Intermodal
February 12, 2015 - Industry News
ATD's trailer aero devices will complement Stemco's tire-inflation products, executives say.
Tags: ATDynamics, Stemco, Mergers & Acquisitions, Wheel Ends, Aerodynamics
Regional parcel carrier LSO, has announced the acquisition of Express Courier International, a same-day carrier in the southeast and mid-south region, to form what it describes as “a super-regional parcel carrier.”
Tags: Mergers & Acquisitions
February 10, 2015 - Industry News
XPO Logistics Inc. announced it has acquired UX Specialized Logistics, a North American provider of last mile logistics services for major retail chains and e-commerce companies.
Tags: Mergers & Acquisitions, XPO Logistics
February 6, 2015 - Industry News
Echo Global Logistics Makes Purchase, Increases Profit Almost 70%
Tags: 3PL, Mergers & Acquisitions, Echo Global Logistics
February 5, 2015 - Industry News
Forward Air Corp. has announced its Forward Air Inc. business has reached an agreement to purchase the trucking services provider CLP Towne Inc.
February 4, 2015 - Industry News
The less-than-truckload services provider Saia Inc. has purchased LinkEx Inc. an asset-light, third-party logistics provider based in Dallas, Texas.
Tags: 3PL, Mergers & Acquisitions, Saia
January 30, 2015 - Industry News
FedEx Corp. announced on Friday it completed the acquisition of Genco Distribution System Inc., one of the largest third-party logistics providers in North America.
Tags: 3PL, Mergers & Acquisitions
January 27, 2015 - Industry News
FleetPride Inc. has acquired six locations of Pardo’s Truck Service Parts Warehouse in the New Jersey, Pennsylvania and Maryland markets.
Tags: Aftermarket Parts, FleetPride, Mergers & Acquisitions
January 26, 2015 - Industry News
Freight transportation and logistics provider Celadon Group Inc. on Monday announced its purchase of North Carolina-based carrier Taylor Express.
Tags: Celadon Group, Mergers & Acquisitions
January 21, 2015 - Industry News
Zenith Freight Lines LLC is selling the remaining 51% share not owned by Bassett Furniture Industries Inc. to the furniture manufacturer.
January 20, 2015 - Industry News
CCC Parts Company has completed the purchase of TOR Truck Corporation, a wholesale distribution company specializing in providing drivetrain solutions and components. CCC Parts Company is a wholesale distributor of heavy-duty truck and trailer products.
Tags: CCC, Distributors, Mergers & Acquisitions, Parts and Service
Washington-based Radiant Logistics Inc. announced on Tuesday it has agreed to acquire Wheels Group Inc., one of the largest non-asset based third party logistics providers based in Canada.
Tags: Canada, Cross-Border Trucking, 3PL, Mergers & Acquisitions
January 14, 2015 - Industry News
Paragon Software Systems acquired a majority shareholding in Axida, a company that has been a business partner of Paragon in the home delivery service industry.
Tags: Fleet Management Software, Routing, Paragon Software, Delivery Fleet, Mergers & Acquisitions
January 9, 2015 - Industry News
Mary Petrovich, a former CEO of AxleTech from 2002-2011, will rejoin the firm as executive chairman. Joe Mejaly, who joined the company in May 2014 as general manager, will serve as AxleTech International’s CEO.
Tags: Leadership, People, Mergers & Acquisitions, AxleTech International, Carlyle Group
January 5, 2015 - Industry News
ABF Logistics acquired the privately held truckload brokerage firm Smart Lines Transportation Group for $5.17 million in cash. The acquisition of the Oklahoma City-based company will expand ABF's third-party logistics operations into the Oklahoma City market.
Tags: ABF, Logistics, Mergers & Acquisitions, ArcBest Corp., 3PL
January 5, 2015 - Global News
AB Volvo completed the purchase of 45% of Chinese automotive manufacturer Dongfeng Commercial Vehicles, first announced two years ago.
Tags: China, DongFeng Commercial Vehicles, Volvo Group, Mergers & Acquisitions, Global
The Canada-based customs broker Farrow Co. has acquired CK Logistics Inc., an established customs broker and logistics firm headquartered in San Antonio.
Tags: Canada, Cross-Border Trucking, Brokers, Logistics, Mergers & Acquisitions
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