M&A activity

In this edition: Mergers and acquisitions in 2024 and RXO finally shows its human side.

AOI Capital has acquired 3PL RK Logistics Group, which specializes in e-commerce warehouse and distribution.

Shipping lines are flush with cash and using it to expand into logistics services.

Shipping giant Maersk has transformed itself into a one-stop shop for logistics services and now is growing its airfreight capability.

Knight-Swift announced Tuesday the acquisition of third-party logistics provider UTXL in a $22.5 million transaction.

Forward Air announced it has entered an agreement to acquire expedited transportation and less-than-truckload provider J&P Hall Express.

Cold storage provider Lineage Logistics announced Thursday that it completed a $1.9 billion equity raise to fund new developments, M&A and technology initiatives.

Kuehne + Nagel will become the top global air and ocean freight management company when it completes its purchase of Hong Kong’s Apex Logistics International.

Only a week removed from the $800 million purchase of UPS Freight, TFI International is back at it. On Monday, the company announced the acquisition of van and flatbed carrier Fleetway Transport.

Americold announced that it has closed on a 46-facility deal valued at $1.74 billion.

Railcar lessor GATX acquires tank container lessor Trifleet in 175 million euro deal.

Indianapolis-based third-party logistics provider FitzMark announces the completion of a majority recapitalization. The transaction allows the brokerage consolidator to further pursue organic growth plans and acquisitions.

Third-party logistics provider FitzMark announces its third brokerage acquisition of the year and fourth in the past two years.

Truckload carrier Titan Transfer adds another fleet to the portfolio with the acquisition of JTL Carriers.

Hub Group’s acquisition ambitions land in the final-mile sector in a $94.5 million deal for non-asset provider NonstopDelivery.

The acquisition would add Maine, New Hampshire and Vermont to CSX’s 23-state network.

E-commerce fulfillment provider Transportation and Logistics Systems announces plans to acquire delivery and warehousing company Cougar Express.

Prologis Inc. announces the completion of the largest-ever portfolio sale of logistics warehouses in the U.K.

Forward Air announces another acquisition as it advances its no-wait growth plan. The Greeneville, Tennessee-based trucking company adds intermodal drayage provider Value Logistics to its roster.

The fallout at Nikola could place additional scrutiny on new public offerings and nontraditional special purpose acquisition companies.

It appears Lineage Logistics will be able to sustain its 60% annual cubic-foot growth rate. The company announces an equity raise landed it with $1.6 billion in new capital.

In today’s edition of The Daily Dash, a group has studied mileage-based user fees and found some unexpected results, plus more HOS exemptions and a better way to price insurance.