An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.
July 1, 2019BusinessFuel
Occidental Mulls Sale of Anadarko鈥檚 Western Stake
Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it鈥檚 poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter.
June 25, 2019BusinessLogistics
Hudson Hill Forms Fusion Transport From Two Acquisitions
Hudson Hill Capital, a private investment firm, has acquired majority stakes in Global Transport Logistics Inc. and Am Trans Expedite Inc. to form Fusion Transport.
June 24, 2019BusinessLogistics
C.H. Robinson Acquires European Logistics Firm Dema Service
C.H. Robinson has acquired Italian transportation company Dema Service S.p.A., according to a news release.
June 3, 2019Business
M&D Distributors Expands Service Network in Texas
M&D Distributors, an independent aftermarket distributor of diesel engine parts and components, announced its asset acquisition of Diesel Testers Inc., a service dealer that provides diesel engine parts and repair services through its retail location in Odessa, Texas.
May 31, 2019BusinessLogistics
GTI Acquires Jetco to Establish US Operational Platform
GTI Transport Solutions Inc., a provider of open-deck, specialized and overdimensional freight services, has acquired Jetco, a Houston-based carrier, according to a news release by GTI and its parent company, Novacap of Montreal.
May 13, 2019BusinessLogistics
Redwood Logistics Acquires Eminent Global Logistics
Redwood Logistics acquired Eminent Global Logistics, a transportation management systems implementation and service company, according to a May 9 news release.
May 13, 2019Business
AE Industrial Partners Acquires Alpine Air Express
AE Industrial Partners has acquired Provo, Utah-based Alpine Air Express Inc., a logistics and transportation company providing regional air cargo services, according to an AEI news release.
May 10, 2019BusinessFuel
Chevron Walks Away From $33 Billion Deal to Buy Anadarko
Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a monthlong bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.
May 9, 2019BusinessFuel
Anadarko Accepts Occidental Petroleum Bid; Chevron to Make Counteroffer?
Anadarko Petroleum Corp.鈥檚 board has declared Occidental Petroleum Corp.鈥檚 sweetened $38 billion takeover 鈥渟uperior,鈥 giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry鈥檚 biggest deal in at least four years.
May 7, 2019