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Knight-Swift Transportation Holdings on July 30 announced that it is acquiring the less-than-truckload operations of Dependable Highway Express.

Permian Resources Corp. will buy some of Occidental Petroleum Corp.’s West Texas assets for $817.5 million, it said in a statement.

The recently announced UPS acquisition of Mexican express delivery company Estafeta takes advantage of a business trend toward nearshoring.

TFI International acquired Entreposage Marco Inc. for an undisclosed sum, its fifth takeover in 2024 and second of a food-grade liquids hauler, the company announced in a LinkedIn post.

Hendrickson bought fellow truck suspension manufacturer Reyco Granning for an undisclosed sum, it said June 4.

TFI International acquired Quebec-based specialized truckload carrier Transport MJ Lavoie for an undisclosed sum, its fourth purchase so far in 2024.

The joining of trucking companies comes with challenges throughout the merger and acquisition process. The slow-moving procedure was exacerbated during the boom/bust cycle of 2022-23.

As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.

Mullen Group closed its previously announced acquisition of fellow Canadian business ContainerWorld Forwarding Services, the company revealed May 3.

Diamond State Trucking & Logistics is to buy Morton, Ill.-based flatbed carrier Yordy Transport for an undisclosed sum, parent company PS Logistics said.