May 28, 2014 - Industry News
Hess is the largest operator of convenience stores along the East Coast and the fifth largest in the U.S. by number of company-operated sites with 1,256 stores located in 16 states. Speedway is the nation's fourth-largest convenience store chain by number of company-owned and operated sites, with approximately 1,480 stores located in nine states.
Tags: Gasoline, Hess Corporation, Truckstops, Diesel Fuel, Mergers & Acquisitions, Marathon Petroleum
May 14, 2014 - Industry News
Third-party logistics and supply chain management services provider, Echo Global Logistics, has purchase One Stop Logistics, headquartered in Watsonville, Calif., and is now doing business under the Echo name.
Tags: Fleets, Mergers & Acquisitions, Echo Global Logistics
May 13, 2014 - Industry News
Its $9.2 billion offer to buy out the truck-making arm of the Swedish vehicle manufacturer Scania has been accepted, according to published reports.
Tags: Volkswagen, OEM, Europe, Scania, Mergers & Acquisitions
May 8, 2014 - Industry News
A trucking company involved in dry bulk hauling in the Midwest has bought up one its main competitors, according to published reports.
Tags: Fleets, Mergers & Acquisitions
USA Truck released a statement about the hedge funds Baker Street Capital and Stone House Capital now holding a joint 28% interest in the company.
Tags: USA Truck, Mergers & Acquisitions, Fleets
May 5, 2014 - Industry News
The acquisition folds LTG, including its third-party logistics model and its online, less-than-truckload services for the retail store openings, mining, high-tech plant movement, gas and oil, and the energy industry into Roar's operations.
Tags: Fleets, Mergers & Acquisitions, Roar Logistics
April 27, 2014 - Industry News
Details of the deal have not been released, although PGT expects to complete it by early May.
Tags: Fleets, Mergers & Acquisitions, PGT Trucking
April 18, 2014 - Industry News
Six Robblees’ and Valley Brake and Truck Parts are joining forces to create an expanded presence with a total of 22 locations, as well as expanding the company’s experience in friction and brake remanufacturing.
Tags: Aftermarket, Six Robblees, Mergers & Acquisitions, Valley Brake and Truck Parts
April 17, 2014 - Industry News
Container shipping company Hapag-Lloyd AG and Compañía Sud Americana de Vapores, also known as CSAV, have signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd.
Tags: Intermodal, Freight, Mergers & Acquisitions, Port Trucking
The private equity firm Warburg Pincus had reached an agreement to acquire the fuel card and fleets payment services provider Electronic Funds Source.
Tags: Fuel Management, Fleets, Mergers & Acquisitions, EFS
April 6, 2014 - Industry News
Diesel Direct, a mobile refueling company headquartered in Massachusetts, recently made an acquisition of mobile refueling assets from New-York-based HOP Energy.
Tags: Diesel, Fuel Management, Mergers & Acquisitions, Diesel Direct
April 4, 2014 - Industry News
Three trucking companies have reached a merger agreement, creating what it says is one of the largest hydraulic fracturing proppant logistics companies for the oil field industry in North America.
Tags: Fleets, Fracking, Mergers & Acquisitions
April 2, 2014 - Industry News
Hudson Insurance Group has acquired Motor Transport Underwriters an underwriting, claims and risk management specialist in the long-haul trucking arena.
Tags: Insurance, Mergers & Acquisitions
March 19, 2014 - Industry News
The investment holding company Biglari Holdings has acquired trucking insurance provider First Guard Insurance Co. and its affiliate, 1st Guard Corp.
The combined company will be one of the largest third-party logistics service providers in North America.
Tags: Fleets, Access America, Mergers & Acquisitions, Coyote Logistics
CSM Companies, and French-Ellison Truck Center, announced that the two companies will merge on March 31. The result will establish the company as one of the largest commercial truck dealership groups in the United States with 19 facilities.
Tags: Aftermarket, Dealers, Mergers & Acquisitions
March 17, 2014 - Industry News
Asset-light trucking company, Roadrunner Transportation Systems, has acquired all of the outstanding stock of Unitrans International, a non-asset based provider of international logistics solutions based in Los Angeles, Calif.
Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions
March 10, 2014 - Industry News
Stemco, an EnPro Industries company, announced the acquisition of the remaining interest of the Stemco Crewson joint venture from Tramec. The joint venture was formed in 2009 to expand Stemco’s brake products offering to include automatic brake adjusters.
Tags: Stemco, Mergers & Acquisitions, Tramec
The private equity investment firm Wind Point Partners has purchased a majority stake in Dicom Transportation Group, the Canadian parent to several trucking operations.
Tags: Canada, Cross-Border Trucking, Mexico, Fleets, Mergers & Acquisitions
March 6, 2014 - Industry News
Shareholders of the less-than-truckload carrier Vitran have approved an earlier announced sale to fellow Canadian trucking operation TransForce.
Tags: Fleets, Mergers & Acquisitions, TransForce, Vitran
February 26, 2014 - Industry News
Echo Global Logistics has announced its acquisition of Comcar Logistics, a non-asset-based truckload brokerage based in Jacksonville, Florida.
February 25, 2014 - Industry News
PHH Corp. has entered talks to possibly sell its fleet management unit to Element Financial Corp., a financial and fleet management company that has partnered with GE Capital Fleet Services in Canada, reports The Deal Pipeline.
Tags: PHH, Mergers & Acquisitions, Fleet Management, PHH Arval
February 24, 2014 - Industry News
Asset-light trucking and logistics services providers Roadrunner Transportation System has announced it has acquired Rich Logistics, a provider of truckload and expedited services based in Little Rock, Ark.
February 13, 2014 - Industry News
The fleet management services company ARI has acquired Drivefleet, an online driver training products and services provider.
Tags: Drivers, Driver Safety, Driver Training, ARI, Drivefleet, Safety & Compliance, Mergers & Acquisitions
February 11, 2014 - Industry News
Northstar Services and J&E Transportation Services announce the merger of their two companies, effective Jan. 31.
Tags: Mergers & Acquisitions, J&E Transportation Services, Northstar Services
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