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Mergers & Acquisitions

Velocity Truck Centers Acquires Sierra Freightliner

Velocity Truck Centers, a commercial vehicle dealership group in the Southwest, has acquired Sierra Freightliner Sterling Western Star, extending the company’s reach in Nevada.

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Inland Truck Parts Acquires 2 New Businesses

Inland Truck Parts & Service (ITP) announced its addition of two Texas businesses to its footprint of stores. The new stores will allow the company to better meet the repair and equipment needs of truck owners in the southwest region.

Icahn Selling Federal-Mogul to Tenneco

Icahn Enterprises L.P., the parent company of Icahn Automotive Group LLC, is selling auto parts maker Federal-Mogul LLC to Tenneco Inc. for $5.4 billion. Tenneco plans to split Federal-Mogul into two entities.

Ryder Acquisition Adds Last-Mile Delivery, E-Commerce Fulfillment Capabilities

Ryder System has acquired e-commerce fulfillment provider MXD Group, including the company's network of facilities and last mile capabilities.

Knight Transportation Buys Abilene Motor Express

Knight Transportation, a wholly owned subsidiary of Knight-Swift Holdings, has acquired all of the assets of Abilene Motor Express and related entities, according to a Securities and Exchange Commission filing.

Dana Merges with UK Automotive Supplier

Dana Inc. has signed an agreement to merge with the Driveline division of UK-based automotive system supplier GKN plc to create Dana plc, a global provider of driveline systems, in a move that will position it for the vehicle electrification market.

Witchita Inland Truck Absorbs Fleet Maintenance Employees

Inland Truck Parts & Service of Wichita, Kan., recently stepped in to offer help when nearby Wichita-based Fleet Maintenance, Inc. was destroyed in a fire.

Descartes Buys Aljex Software for $32.4 Million

Descartes Systems Group has acquired Aljex Software, a transportation management solutions provider for freight brokers and carriers.

Cummins Taps UK Battery Maker for Electric Truck Development

Cummins has acquired Johnson Matthewy’s UK automotive battery systems business, with plans to collaborate on the development of high-energy battery materials for commercial heavy-duty electric vehicle applications.

Auto Truck Group Acquires Assets of Kargo Master

Auto Truck Group, a work truck upfitter specializing in the design, manufacture, and installation of equipment, announced that it has acquired the assets of Kargo Master.