Transportation Acquisition News Updates

About Acquisitions News...

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.

BusinessLogisticsFor-Hire

TFI Buys Hercules Forwarding to Boost US LTL Operations

TFI International is to buy less-than-truckload carrier Hercules Forwarding Inc. for an undisclosed sum, it said.

March 12, 2024
BusinessLogistics

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, 2024
BusinessLogisticsFor-Hire

TFI 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, 2024
BusinessEquipmentLogistics

PS 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, 2024
BusinessFuel

Sunoco 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, 2024
Business

Outlook 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, 2024
BusinessLogistics

BWT 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, 2023
BusinessLogisticsFor-Hire

Hub 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, 2023
BusinessPrivate

CRH 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, 2023
BusinessEquipmentLogisticsFor-Hire

Canada Cartage Acquires GTI Group

Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.

December 4, 2023