A merger of Knight Transportation Inc. and Swift Transportation Co., two of the nation’s largest trucking companies, is expected to trigger a historic move to consolidate the truckload freight sector, industry analysts said last week.
April 17, 2017Business, Logistics
Knight, Swift Plan Merger
Business
Sunteck, TTS Merger Now Official
The merger between Sunteck Transport Group and TTS, agreed upon in late October, is now official, the new company announced in a statement.
January 4, 2017Business
Trucking and Logistics Deals Anticipate Capacity Crunch
Despite a current weak freight market, concern about future freight hauling capacity is leading to an increase in dealmaking among trucking and logistics service providers.
October 31, 2016Business
Trucking Mergers Slow Down This Year, But Technology Could Spur More Deals
After boiling over last year with multibillion-dollar deals involving UPS Inc., FedEx Corp., XPO Logistics and others, the 2016 merger and acquisition pot has slowed to a simmer while hungry buyers and sellers keep searching for appealing deals.
May 30, 2016Business
Justice Department Sues to Block Halliburton-Baker Hughes Merger
Halliburton Co. was sued by U.S. antitrust officials who say its planned takeover of rival oil-services firm Baker Hughes Inc. threatens competition and should be blocked, a blow to Halliburton’s bid to bulk up to better compete against rival Schlumberger Ltd.
April 6, 2016Business
Aim NationaLease Announces Merger with Fleming Leasing
Aim NationaLease, based in Girard, Ohio, has expanded its truck leasing and rental business in the Washington, D.C., area through a merger with Fleming Leasing in Springfield, Virginia.
November 19, 2015Business
Transport Acquisitions Rise; Experts See More to Come
Trucking acquisitions are accelerating in North America, as hyperactive buyers TransForce Inc. and XPO Logistics Inc. swooped up three companies, and executives with other firms said more deals could be in the works.
August 4, 2014Business
Experts Say Aging, Staff Needs Driving Fleet Merger Frenzy
NEW YORK — Aging fleet owners, struggling small carriers and the never-ending search for enough qualified drivers are combining to heat up the trucking acquisition market this year, according to industry executives and experts.
September 17, 2012Business
Better Economy May Lead to More Mergers, Acquisitions, Transportation Analysts Say
An improving economy could kick-start the pace of mergers and acquisitions in the months ahead, after a moribund 2009, when few deals took place, several transportation analysts said.Â
April 12, 2010