M&A
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Great Quarter, Guys podcast
Is this the end of XPO as we know it?
XPO has made spin-offs the new buzzword in logistics for 2020.
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Business
In ‘growth mode regardless of market conditions,’ NTG acquires Eagle Transportation
The Nolan Transportation Group and Transportation Insight roll-up continues apace.
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Finance
Transplace acquires collaboration platform Lanehub
The companies share a vision of network optimization through continuous moves.
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Business
NFI Industries acquires G&P Trucking Company
NFI continues its consolidation of the drayage market, this time with a Southeast-concentrated trucking carrier and a large trailer pool.
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Finance
M&A bankers start to price in recession risk
Middle-market leveraged buyouts are cooling, but institutions still taking risk on the venture and growth equity side of the industry.
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News
Heartland Express flexes its balance sheet again with Millis acquisition
Heartland Express once again uses its strong financial position to acquire. The carrier has a pattern of building cash balances and finding accretive tuck-in deals.
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Asia-Pacific
Sime Darby paid US$136 million for automotive and construction dealer Gough
Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group…
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Fuel
U.S. Venture acquires Breakthrough Fuel
Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum.
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Canada
TFI acquisition of BeavEX assets gets court approval
Deal will grow U.S. last-mile business and add $100 million in annual revenue, Canadian transportation firm says.
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News
Providence Equity buys GlobalTranz back from The Jordan Company after just 8 months
GlobalTranz more than doubled EBITDA in less than a year.
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