TFI International is to buy less-than-truckload carrier Hercules Forwarding Inc. for an undisclosed sum, it said.
March 12, 2024Transportation Acquisition News Updates
Our acquisition articles provide the latest insights into trucking acquisitions, logistics mergers. Stay informed on industry trends, market shifts, and key developments that impact trucking and logistics professionals.
Kenan Advantage Group Enters Dry Bulk Sector
Kenan Advantage Group bought Northern Dry Bulk for an undisclosed sum, marking its first major foray into dry bulk haulage, the top-ranked tank transporter said.
February 15, 2024TFI Q4 Profits Fall 14.4% as Deals Dull Freight Market Toll
Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.
February 9, 2024PS Logistics Unit Expands Flatbed Division in North Carolina
PS Logistics’ Blair Logistics unit announced it has acquired the flatbed division of Kenly, N.C.-based ELS for an undisclosed sum.
January 23, 2024Sunoco to Buy NuStar Energy for $7.3 Billion
Sunoco LP, a U.S. gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to buy up more of a key part of its supply chain.
January 22, 2024Outlook Brighter for Trucking M&A Market in 2024
The trucking acquisition market is looking to enter a more active year with market conditions likely to drive buyers and sellers to the table in 2024, according to the Tenney Group.
January 19, 2024BWT Logistics Purchases North Carolina-Based 3PL IET
BWT Logistics is set to acquire Lowell, N.C.-based third-party logistics specialist International Express Trucking for an undisclosed sum.
December 21, 2023Hub Group Buys Forward Air Final-Mile Unit for $262 Million
Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.
December 21, 2023CRH Offers to Buy Australian Adbri in $1.4 Billion Deal
Global building materials firm CRH Plc has offered to purchase Australian concrete maker Adbri Ltd. in a joint takeover proposal with Barro Group, valuing the target business at $1.4 billion.
December 18, 2023Canada Cartage Acquires GTI Group
Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.
December 4, 2023Trending
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