M&A activity
-
American Shipper
How ocean carriers dove deeper into logistics, air cargo in 2021
Shipping lines are flush with cash and using it to expand into logistics services.
Read More » -
Air Cargo
Maersk expands logistics supermarket with airfreight investments
Shipping giant Maersk has transformed itself into a one-stop shop for logistics services and now is growing its airfreight capability.
Read More » -
News
Knight-Swift acquires 3PL UTXL in $22.5M deal
Knight-Swift announced Tuesday the acquisition of third-party logistics provider UTXL in a $22.5 million transaction.
Read More » -
News
Forward Air bolsters LTL service with J&P Hall acquisition
Forward Air announced it has entered an agreement to acquire expedited transportation and less-than-truckload provider J&P Hall Express.
Read More » -
News
Lineage Logistics fattens coffers again with $1.9B funding round
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.
Read More » -
Air Cargo
Analysis: Apex deal makes Kuehne + Nagel largest air forwarder
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.
Read More » -
News
TFI still making deals, acquires Fleetway
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…
Read More » -
News
Americold closes on $1.74B bid for Agro
Americold announced that it has closed on a 46-facility deal valued at $1.74 billion.
Read More » -
News
GATX picks up 18,000 tank containers in latest deal
Railcar lessor GATX acquires tank container lessor Trifleet in 175 million euro deal.
Read More » -
News
FitzMark sells majority interest to private equity firm
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…
Read More »