June 29, 2015 - Industry News
Memphis, Tenn.-based third party logistics provider ReTrans Inc. is being purchased by the Kuehne Nagel Group, the latest in a series of moves by companies extending their reach into trans-Atlantic freight.
Tags: Intermodal, Mergers & Acquisitions, Fleets, 3PL, Global
Sysco has terminated its merger with US Foods after the Federal Trade Commission’s request for preliminary injunction to block the deal was granted.
Tags: Federal Trade Commission, Mergers & Acquisitions, Sysco, US Foods
Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
Tags: GE Capital Fleet Services, GE Capital, Element Financial, Mergers & Acquisitions, Equity Markets, Fleet Management Companies
June 5, 2015 - Industry News
Stemco has entered into an agreement to acquire the Veyance North-American air springs business form Continental AG, the company announced.
Tags: Goodyear, Stemco, Suspensions, Mergers & Acquisitions
May 26, 2015 - Industry News
PeopleNet has acquired the assets of Cadec Global Inc.,expanding the company’s mobility solutions in the foodservice and private fleet industries.
Tags: Information Technology, PeopleNet, Analytics, Cadec, Mergers & Acquisitions
May 22, 2015 - Industry News
Heniff Transportation Systems has acquired Horizon Tank Lines, expanding Heniff’s footprint into the Southeastern U.S.
Tags: Mergers & Acquisitions, Liquid Tank Trailers, Bulk Hauling
May 15, 2015 - Industry News
ZF Friedrichshafen has completed its acquisition of TRW Automotive, the company announced. TRW and ZF will operate under the name ZF Friedrichshafen AG.
Tags: TRW Automotive, Global, Mergers & Acquisitions, ZF Friedrichshafen
May 7, 2015 - Industry News
The trucking company Quality Distribution Inc. has reached an agreement to be acquired by the private investment fund Apax Partners.
Tags: Earnings, Quality Distribution, Mergers & Acquisitions, Quality Carriers, Boasso America
May 4, 2015 - Industry News
Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.
Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport
May 1, 2015 - Industry News
Trail King Industries has acquired aluminum grain trailer maker Dakota Trailer Manufacturing expanding the company’s agricultural product line.
Tags: Trailers, Trail King, Mergers & Acquisitions, Agricultural Fleets
April 21, 2015 - Industry News
Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.
Tags: Earnings, Mergers & Acquisitions, Echo Global Logistics
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
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