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Mergers & Acquisitions

Ryder System Buys Cardinal Logistics

With Ryder System’s acquisition of Cardinal Logistics, it adds 200 operating locations; 2,900 power vehicles; and 3,400 professional drivers. Key leadership from Cardinal will also join Ryder.

PS Logistics Acquires Flatbed Division of ELS

Acquiring the flatbed division of ELS makes PS Logistics' 53-foot flatbed fleet one of the largest in the country, with more than 500 power units and 1,250 over-length trailers.

Vanguard Truck Centers Acquires Nacarato Truck Centers

Vanguard Truck Centers, following its acquisition of Nacarato Truck Centers, a full-service commercial truck dealer group and leasing operation, is now one of the largest Volvo Trucks dealer groups in North America.

Volvo Buying Proterra EV Battery Business

Volvo Group is paying $210 million to buy the Proterra Powered business unit, which has provided battery technology, drivetrains, vehicle electrification and e-mobility technology to vehicle makers. as part Proterra's Chapter 11 bankruptcy proceedings.

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