Mergers and acquisitions

The proposed acquisition creates the first transcontinental freight railroad.

Eliminating interchange should make rail a more attractive option for shippers in nation’s midsection, George and Vena tell analysts

Union Pacific and Norfolk Southern could announce a merger as early  as next week, according to a published report.

Following news of the Union Pacific-Norfolk Southern talks, the Surface Transportation Board has published a resource guide to rail mergers.

Union Pacific and Norfolk Southern on Thursday confirmed that they are in advanced discussions regarding a merger.

Intermodal would be approximately 53% of a combined entity’s volume.

A trio of veteran experts will advise the Surface Transportation Board and chairman Patrick Fuchs as talk of mergers grows louder. 

Goldman Sachs is advising BNSF Railway on a possible merger, according to a published report, just days after news broke of talks between Union Pacific and Norfolk Southern.

In a business as tightly coupled to its past as railroading, there is much at stake for several individuals in the proposed Union Pacific-Norfolk Southern merger.

Union Pacific, the largest publicly-held railroad, is in merger talks with eastern rival Norfolk Southern, according to a published report.

Autonomous trucking company Plus will go public via merger with Churchill Capital Corp IX.

Kreilkamp Trucking has acquired the assets of Iowa-based Gray Transportation.

According to a person involved in the discussions, freight forwarder Forto has reached out to competitors to discuss potential deals.

AIT Worldwide Logistics has acquired Krupp Trucking LLC, a St. Louis-based freight forwarder with 60 trucks.

IMC Logistics has acquired American Pacific Transportation, growing the company’s drayage capacity to more than 500 trucks in California.

Private firm Longpoint acquires 25 commercial logistics warehouses in South Florida for $262 million.

Canadian railway CN is acquiring family-owned Iowa Northern Railway, a 275-mile short-line railroad serving the Upper Midwest.

Canada Cartage, one of Canada’s largest transportation and logistics companies, has acquired Montreal-based GTI Group.

Swiss freight forwarder Kuehne+Nagel has acquired Farrow, a Canada-based customs broker, to expand its offerings across North America.

Toll payment platform Bestpass has acquired Fleetworthy Solutions with the aim of creating a one-stop shop for fleets for tolling, compliance and safety needs.