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A new report reveals that nearly 48% of shippers regard M+A activity in logistics as a positive and just over 39% embrace the M+A frenzy because they prefer full-service logistics providers that offer a wider geographical reach.
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TravelCenters of America has agreed to acquire the Quaker Steak & Lube casual-dining chain for $25 million, in a move that will see some of its existing full-service restaurants converted to the brand as well as expanding the number of stand-alone restaurants.
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The Worthington Industries Pressure Cylinders segment has acquired assets from Trilogy Engineered Systems, a manufacturer of CNG fuel system components for the commercial truck market.
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Data solutions provider SMC³ has acquired Maryland-based fleet management software companyTransportation Costing Group.
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Trucking companies are bracing for a slowdown in their business, with many looking to mergers and acquisitions for growth instead, according to reports this week in The Wall Street Journal.
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One of Celadon Groups subsidiaries has purchased select assets of the truckload business of Tango Transport, a Louisiana-based carrier.
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Vipar Heavy Duty has announced that its VHD Equipment Network of distributors will transition into the Power Heavy Duty network on Jan. 1, 2016.
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XPO Logistics announced late Wednesday that it is buying Con-way Inc. in a $3 billion deal that will make XPO the second largest LTL provider in North America and expand its global contract logistics platform.
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The longtime businessman and investor talks about how he's adapted the Warren Buffet model to trucking as he builds a nationwide flatbed presence through mergers with well-run carriers, and why he got into trucking at an age when many are thinking of retirement.
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Westport Innovations and Fuel Systems Solutions have entered into a merger agreement to create a new alternative fuel vehicle and engine company.
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