transportation M&A

Chattanooga, Tennessee-based Kenco said Monday it has acquired the 3PL arm of Ontario, Canada-based company Drexel Industries.

Bulk liquid hauler Premier Bulk Systems has acquired Canadian peer Longhorn Transportation.

Forward Air is seeking shareholder approval to reincorporate in Delaware, where it may be easier to sell the company or seek other strategic alternatives.

Freight forwarder AIT Worldwide Logistics announced it has acquired a Miami-based forwarder.

Investment firm Stonepeak has acquired energy-focused transportation and logistics company Dupre Logistics.

Third-party logistics provider FitzMark announced the acquisition of brokers High Point Logistics and Pentonix Freight.

Vertical Cold Storage has acquired Arctic Logistics and its warehouse serving the Detroit-Ontario, Canada, region.

Cold storage facility operator Lineage has acquired Bellingham Cold Storage and its three warehouses.

An internal memo at liquid bulk hauler MC Tank Transport shows the company has been sold to Kenan Advantage Group.

ContainerPort Group’s parent has acquired Dray Alliance, creating one of the largest dray networks serving the Southern California ports.

Kenan Advantage Group has acquired Mobile, Alabama-based Evergreen Transport for an undisclosed sum.

Radiant Logistics has acquired California-based freight forwarder Transcon Shipping.

Allstates WorldCargo announced it has acquired freight forwarding peer Saturn Freight Systems.

An entity with ties to shuttered car hauler Jack Cooper has acquired and relaunched regional less-than-truckload carrier Standard Forwarding.

Driver recruiting specialist Tenstreet announced Monday it has acquired driver visibility and communications platform TextLocate.

Bulk hauler Trimac announced it has acquired Watt & Stewart and its locations in the U.S. and Canada.

An entity owned by the family that owns car hauler Jack Cooper has acquired Standard Forwarding.

BlueGrace Logistics has acquired FreightCenter, which significantly expands its less-than-truckload offering.

Cass Information Systems rounds out its freight payments platform with the acquisition of AcuAudit.

Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.

Digital 3PL Fura announced Friday its third acquisition with the addition of Pinwheel Logistics.

Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.

M&A adviser Spencer Tenney shares his thoughts on deal activity in the new year.

Same-day logistics provider Priority Courier Experts announced it has acquired Now Courier.

Radiant Logistics has acquired intermodal marketing company TCB Transportation.

Kenan Advantage Group announced the acquisition of Texas-based XBL.

Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.

Kenan Advantage Group announced Friday that it has acquired Michigan-based dry bulk hauler PRM Trucking.

A majority stake in less-than-truckload carrier Roadrunner has changed hands from an activist investor to an investment group led by the company’s CEO.

PS Logistics announced it has acquired Louisiana-based flatbed carrier Fluker Transportation for an undisclosed sum.

Forward Air lowered full-year earnings guidance on Monday and said it wouldn’t address press reports that it is up for sale following a messy merger.

Moran Transportation announced it has acquired fellow less-than-truckload transportation provider RMX Freight Systems.

After mounting pressure from some shareholders following an ill-fated merger, sources have confirmed to FreightWaves that Forward Air is working with investment bankers to sell the company.

Supply chain software provider Descartes said Monday it has acquired omnichannel e-commerce platform Sellercloud in a deal that could total $130 million.

Hub Group announced a joint venture with Mexico’s largest intermodal carrier, EASO.

Investment firm Alta Fox has joined some of Forward Air’s other investors that are calling on the expedited trucking company to consider a sale following its controversial acquisition of Omni Logistics.

Radiant Logistics announced its seventh acquisition in the past year on Wednesday, acquiring operating partner Focus Logistics.

Universal Logistics said the $194 million acquisition of rail terminal operator Parsec will be immediately accretive to earnings.

Third-party logistics provider HTL Freight announced it has acquired CTS Logistics.

Canadian supply chain SaaS provider Descartes acquired MyCarrierPortal, which provides brokers and shippers with carrier onboarding and risk monitoring tools.

RXO announced Monday that it has completed the acquisition of freight broker Coyote Logistics.

Radiant Logistics has acquired oil and gas transportation and logistics specialist Foundation Logistics & Services.

Newly-formed Jack Cooper LTL is rumored to be in talks to purchase less-than-truckload carrier Standard Forwarding.

Kenan Advantage Group has acquired Louisiana-based tanker trucking company TransVac for an undisclosed sum.

Global warehouse operator Prologis announced its Mexican affiliate has acquired a 77% equity stake in Fibra Terrafina.

Knight-Swift announced its third less-than-truckload acquisition on Tuesday, purchasing Los Angeles-based Dependable Highway Express for an undisclosed sum.

Love’s said Monday it has acquired the U.S. transportation factoring portfolio from REV Capital.

Ryder System said Monday it will acquire mobile maintenance and repair services provider Pit Stop Fleet Service.

TFI International has acquired food-grade tank hauler Entreposage Marco for an undisclosed sum.

Descartes has completed its third acquisition of the year, acquiring BoxTop Technologies for $13 million.

Forward Air’s shareholders approved the conversion of Omni’s nonvoting shares to voting common stock, giving the group 35% control of the combined entity.

Transfix is selling its brokerage business to supply chain services provider NFI.

Broker FLS Transportation announced it has acquired Anderson Transportation and Logistics, which brings flatbed brokerage expertise to the platform.

Radiant Logistics has acquired Cascade Transportation, a provider of time-critical domestic and international transportation services.

Transportation M&A adviser Spencer Tenney said a stabilizing freight market is helping to support M&A demand.

Onshore well services provider Enservco Corp. has entered an agreement to acquire Buckshot Trucking.

Bulk hauler Trimac announced the acquisition of North Carolina-based Feldspar Trucking, which hauls materials used for glass and ceramics production.

TFI International has acquired less-than-truckload carrier Hercules Forwarding, which generates over $100 million in revenue each year.

PS Logistics announced the acquisition of flatbed fleet Yordy Transport on Monday.

Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics.

Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger.

Third-party logistics provider Air Van announced it acquired G&C Cartage.

Liquid bulk hauler Kenan Advantage Group announced it has entered the dry bulk space with the acquisition of Northern Dry Bulk.

As many as 14,000 former Yellow Teamsters could head back to work if a would-be less-than-truckload startup can persuade creditors to approve their plan.

Forward Air provided an update on January trends but made no mention of December numbers or who is currently in charge of recently acquired Omni Logistics.

Forward Air announced Thursday that it has closed on a merger with Omni Logistics following months of litigation.

Forward Air announced Monday that its deal with Omni Logistics will close at a slightly reduced amount.

A Delaware court will determine if Forward Air is required to close on a merger with Omni Logistics, or if Omni breached the deal agreement as alleged.

PS Logistics announced its second deal of the year, acquiring the flatbed operation of North Carolina-based ELS.

PS Logistics’ latest acquisition adds several hundred trucks to its Southeast operations.

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

Chattanooga, Tennessee-based 3PL Kenco announced Thursday it has acquired third-party warehousing services provider The Shippers Group.

2023 brought two large truckload acquisitions, several less-than-truckload carriers picking through a bankrupt carrier’s assets and no resolution to a $3.2 billion merger attempt, among other transactions.

Counsel for Omni Logistics claims Forward Air’s CEO withheld requested notes from board meetings discussing plans to avoid a merger between the companies.

TFI International entered an agreement to acquire flatbed carrier Daseke and said it’s exploring a spinoff of its truckload business.

Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics.

BWT Logistics announces it has acquired North Carolina-based regional 3PL International Express Trucking

ITE Management said Tuesday it has acquired a majority stake in intermodal chassis lessor Trend.

Colonial Terminals announced the acquisition of a bulk liquid terminal from Buckeye Terminals.

A recent exchange of filings in a Delaware court shows Forward Air and Omni Logistics are at odds over Omni’s 2023 financial forecasts, among other things.

An open letter from activist investor Ancora says the firm has come under attack following its public disapproval of Forward’s merger proposal with Omni Logistics.

Final-mile delivery company Riverstone Logistics said Monday it has acquired appliance delivery company Ralph’s Transfer.

Forward Air has filed a counterclaim against Omni Logistics and wants a Delaware court to rule it’s not obligated to move forward with the merger.

EFW said Monday it has closed on the acquisition of Superior Brokerage Services, which doubles its revenue and warehousing capacity.

Omni Logistics is asking a Delaware court to make Forward Air close on a planned merger between the two companies.

Car hauler Jack Cooper Transport has been rumored to be behind a bid for Yellow Corp. just four years removed from its own bankruptcy.

Forward Air may decide to terminate its merger agreement with Omni Logistics even though a Tennessee court said it won’t stand in its way.

Activist investor Ancora said it will move to remove Forward Air’s board and CEO if a Tennessee court rules a shareholder vote on the Omi merger is warranted.

A Tennessee court will take more time mulling over a complaint from shareholders claiming they have the right to vote on Forward Air’s merger with Omni Logistics.

Radiant Logistics has acquired a Florida-based logistics partner that provides forwarding services to the cruise lines.

Investment firm Oaktree Capital Management has acquired Consolidated Chassis Management as the intermodal equipment provider becomes the sole manager of a new pool.

The sale of BNSF Logistics’ brokerage unit to J.B. Hunt will likely involve layoffs of an unspecified number of employees, parent company BNSF confirmed Friday.

Forward Air’s planned merger with Omni Logistics hit a roadblock this week as a Tennessee court said it will decide next month if shareholders get a vote.

Warehouse Services Inc. said Thursday it has acquired Sky Transportation Services, a dry van fleet specializing in cross-border shipments.

FLS Transportation builds out a North American footprint with the acquisition of AMAC Logistics.

J.B. Hunt Transport Services said Thursday after the market closed it has entered an agreement to acquire the brokerage arm of BNSF Logistics.

Estes Forwarding Worldwide announced plans to acquire fellow forwarder Superior Brokerage Services.

I Squared Capital has cobbled together a national portfolio of trailer lessors through M&A representing 55,000 units.

Forward Air defends its latest deal that will position it as a supplier and a competitor to its customers.

Expedited delivery provider Priority Courier Experts received a strategic investment from private equity firm Trident.