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Mitsubishi Fuso and Hino will merge under a new deal struck by the two companies and their parent corporations, Daimler Truck and Toyota Motor Corp., respectively. The goal? Accelerate the development of advanced technologies such as zero-emissions and connected vehicles.
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Embark's test fleet of autonomous trucks will be coming off the road as the company is acquired by Applied Intuition, which provides software and tooling for autonomous vehicle development.
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One of the largest asset-based truckload fleets in North America, Knight-Swift Transportation, is buying U.S. Xpress for approximately $808 million.
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Despite key market changes in 2022, the urge to merge remains strong. HDT's Business/Washington Contributing Editor David Cullen explores the recent landscape of mergers and acquisitions in the Passing Zone column.
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Cox Automotive has acquired FleetNet America to build on the company's vision of delivering an expansive service provider network.
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With final antitrust approval of SAF-Holland’s takeover of Haldex, the company announced that the Haldex ModulT DBT22LD air disc brake will be available on Navistar International LT and RH series tractors.
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With its acquisition of TravelCenters of America, BP said its global scale will allow it to develop more electric vehicle charging, biofuels, renewable natural gas (RNG) and later hydrogen, both for passenger vehicles and fleets.
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Through an acquisition, Jones Logistics expands its service line offerings and capabilities, which will now include warehousing and enhanced intermodal and managed transportation solutions.
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Despite the drop-off in the second half of 2022, the fundamental factors that have been driving trucking mergers and acquisitions are still alive and well.
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Continuing its U.S. Southwest expansion, RoadOne IntermodaLogistics acquired regional intermodal service provider, The Transporter Inc.
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