transportation M&A

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.