“When we overperform, we expect to reinvest that back into our business. We focus on recurring revenues and establishing relationships with customers for life,” said Descartes’ CEO.
The largest container terminal operator in the world is buying BDP, a midsize U.S. freight forwarder.
“Beginning with the 2018 merger of Transportation Insight and Nolan Transportation Group, we have been on a mission to bring together the most innovative thinkers with the most powerful technologies and data to empower the largest network of people to create a new future of logistics,” says CEO Ken Beyer.
Domestic headwinds were balanced out by an international expansion as DoorDash stock popped 10% in post-market trading.
PS Logistics has acquired Daryl Thomason Trucking, which has 108 tractors and 167 53-foot flatbed trailers.
Ideanomics, which operates at the intersection of fintech and disruptive technologies, is acquiring electric vehicle maker VIA Motors in an all-stock transaction.
The e-commerce-as-a-service provider gets a raise, led by Oak HC/FT.
The acquisition is a part of a five-year strategic plan to innovate and create disruption in the bulk trucking space.
“We believe combining with good businesses makes us a better company and it will remain a large part of our plans going forward.”
“They have built something that does make truckers’ lives easier. They help them find parking and cheaper fuel, along with their next load.”
Earlier this year, Vista Equity Partners was rumored to be combining the three companies within its portfolio to go public through the blank-check firm Apollo Strategic Growth Capital.
Allstates WorldCargo plans to grow its domestic footprint through continued acquisitions.
Yard services provider Lazer Spot acquired Firefly Transportation Services to “accelerate the adoption” of environmentally friendly electric spotter trucks.
“We will be better positioned, not just to compete with these large disruptors but to service those smaller customers and retailers that need access to both technology solutions and a large terminal network,” said Mullen Group CEO Murray K. Mullen.
Goodyear is buying Cooper Tire in a $2.5 billion “transformational” deal.
Dana Inc. spotted the trend toward zero-emission commercial vehicles four years ago when China offered incentives for battery-powered buses. That led the Tier 1 supplier to start buying and partnering with companies to build an all-in approach to electrification.
Transplace’s third acquisition of 2020 will help manufacturing companies manage inventory and orchestrate supplier networks.
Lineage Logistics has added 24 locations to its network of cold storage facilities through a series of acquisitions. The announcement follows a few large deals Lineage announced recently.
Deal brings PS just over 40 new power units
Amazon is looking to buy Zoox, a self-driving startup that seeks to create a fleet of electrified robo-taxis.
